Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06935191 Mr R Carr Mr A Spence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06935191 2022-12-31 06935191 2023-12-31 06935191 2023-01-01 2023-12-31 06935191 frs-core:CurrentFinancialInstruments 2023-12-31 06935191 frs-core:Non-currentFinancialInstruments 2023-12-31 06935191 frs-core:BetweenOneFiveYears 2023-12-31 06935191 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06935191 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 06935191 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 06935191 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06935191 frs-core:NetGoodwill 2023-12-31 06935191 frs-core:NetGoodwill 2023-01-01 2023-12-31 06935191 frs-core:NetGoodwill 2022-12-31 06935191 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 06935191 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06935191 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 06935191 frs-core:MotorVehicles 2023-01-01 2023-12-31 06935191 frs-core:OtherResidualIntangibleAssets 2023-12-31 06935191 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 06935191 frs-core:OtherResidualIntangibleAssets 2022-12-31 06935191 frs-core:PlantMachinery 2023-12-31 06935191 frs-core:PlantMachinery 2023-01-01 2023-12-31 06935191 frs-core:PlantMachinery 2022-12-31 06935191 frs-core:WithinOneYear 2023-12-31 06935191 frs-core:RevaluationReserve 2022-12-31 06935191 frs-core:RevaluationReserve 2023-12-31 06935191 frs-core:ShareCapital 2023-12-31 06935191 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06935191 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06935191 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06935191 frs-bus:SmallEntities 2023-01-01 2023-12-31 06935191 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06935191 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06935191 frs-bus:Director1 2023-01-01 2023-12-31 06935191 frs-bus:Director2 2023-01-01 2023-12-31 06935191 frs-countries:EnglandWales 2023-01-01 2023-12-31 06935191 2021-12-31 06935191 2022-12-31 06935191 2022-01-01 2022-12-31 06935191 frs-core:CurrentFinancialInstruments 2022-12-31 06935191 frs-core:Non-currentFinancialInstruments 2022-12-31 06935191 frs-core:BetweenOneFiveYears 2022-12-31 06935191 frs-core:WithinOneYear 2022-12-31 06935191 frs-core:RevaluationReserve 2022-12-31 06935191 frs-core:ShareCapital 2022-12-31 06935191 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06935191
Britannia Fire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06935191
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,570 47,787
Tangible Assets 5 822,297 796,542
872,867 844,329
CURRENT ASSETS
Stocks 6 978,655 971,992
Debtors 7 827,991 699,650
Cash at bank and in hand 58,991 15,084
1,865,637 1,686,726
Creditors: Amounts Falling Due Within One Year 8 (813,326 ) (681,552 )
NET CURRENT ASSETS (LIABILITIES) 1,052,311 1,005,174
TOTAL ASSETS LESS CURRENT LIABILITIES 1,925,178 1,849,503
Creditors: Amounts Falling Due After More Than One Year 9 (226,941 ) (274,856 )
NET ASSETS 1,698,237 1,574,647
CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 12 45,000 45,000
Profit and Loss Account 1,653,235 1,529,645
SHAREHOLDERS' FUNDS 1,698,237 1,574,647
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Carr
Director
28/03/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Britannia Fire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06935191 . The registered office is Ashwellthorpe Industrial Estate, Ashwellthorpe, Norwich, Norfolk, NR16 1ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of four years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of ten years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property rights are being amortised evenly to the profit and loss account over its estimated economic life of ten years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 38 (2022: 36)
38 36
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 4 524,291 524,295
Additions - 19,680 19,680
As at 31 December 2023 4 543,971 543,975
Amortisation
As at 1 January 2023 4 476,504 476,508
Provided during the period - 16,897 16,897
As at 31 December 2023 4 493,401 493,405
Net Book Value
As at 31 December 2023 - 50,570 50,570
As at 1 January 2023 - 47,787 47,787
5. Tangible Assets
Land & Property
Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 220,000 1,239,654 1,459,654
Additions - 132,213 132,213
Disposals - (33,699 ) (33,699 )
As at 31 December 2023 220,000 1,338,168 1,558,168
Depreciation
As at 1 January 2023 - 663,112 663,112
Provided during the period - 85,558 85,558
Disposals - (12,799 ) (12,799 )
As at 31 December 2023 - 735,871 735,871
Net Book Value
As at 31 December 2023 220,000 602,297 822,297
As at 1 January 2023 220,000 576,542 796,542
6. Stocks
2023 2022
£ £
Stock 978,655 971,992
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 768,457 635,711
Prepayments and accrued income 59,529 61,459
Other debtors 5 2,480
827,991 699,650
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 35,752 31,028
Trade creditors 375,906 367,396
Bank loans and overdrafts 166,806 140,458
Other taxes and social security 33,379 17,896
VAT 126,481 64,785
Other creditors 12,481 7,679
Accruals and deferred income 62,521 52,310
813,326 681,552
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 99,505 97,218
Bank loans 127,436 177,638
226,941 274,856
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,752 31,028
Later than one year and not later than five years 99,505 97,218
135,257 128,246
135,257 128,246
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
12. Reserves
Revaluation Reserve
£
As at 1 January 2023 45,000
As at 31 December 2023 45,000
Page 6