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Registered number: 09481472
BATTLEFLAG MILITARIA LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Haqqi Accountancy Services
MAAT
25 Cloudesdale Road
London
SW17 8ET
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 09481472
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,823 14,326
7,823 14,326
CURRENT ASSETS
Stocks 40,000 48,758
Debtors 5 1,000 -
Cash at bank and in hand 4,293 4,355
45,293 53,113
Creditors: Amounts Falling Due Within One Year 6 (4,754 ) (3,274 )
NET CURRENT ASSETS (LIABILITIES) 40,539 49,839
TOTAL ASSETS LESS CURRENT LIABILITIES 48,362 64,165
Creditors: Amounts Falling Due After More Than One Year 7 (13,600 ) (19,722 )
NET ASSETS 34,762 44,443
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 34,662 44,343
SHAREHOLDERS' FUNDS 34,762 44,443
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Fitos Xenophontos
Director
13 April 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 53,491 53,591
Loss for the year and total comprehensive income - (1,494 ) (1,494)
Dividends paid - (7,654) (7,654)
As at 31 March 2023 and 1 April 2023 100 44,343 44,443
Profit for the year and total comprehensive income - 9,008 9,008
Dividends paid - (18,689) (18,689)
As at 31 March 2024 100 34,662 34,762
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Page 4
Notes to the Financial Statements
1. General Information
BATTLEFLAG MILITARIA LTD Registered number 09481472 is a limited by shares company incorporated in England & Wales. The Registered Office is 57 Woodmansterene Road, Coulsdon, Surrey, CR5 2DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 20% at cost
Computer Equipment 33% at cost
2.4. 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.
2.5. 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.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution - 1
1 2
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 37,535 3,392 40,927
Additions - 1,499 1,499
As at 31 March 2024 37,535 4,891 42,426
Depreciation
As at 1 April 2023 23,307 3,294 26,601
Provided during the period 7,507 495 8,002
As at 31 March 2024 30,814 3,789 34,603
Net Book Value
As at 31 March 2024 6,721 1,102 7,823
As at 1 April 2023 14,228 98 14,326
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,000 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 3,202 878
Other taxes and social security 619 579
VAT 934 1,818
4,754 3,274
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,600 19,722
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 13,600 19,722
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
10. Related Party Transactions
During the year, dividends of £18,689 (2023:£7,654) were paid to F Xenophontos as a shareholder of the company.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Fitos Xenophontos by virtue of his ownership of 100% of the issued share capital in the company.
Page 6