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REGISTERED NUMBER: 09039871 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Britannia Drywall Limited

Britannia Drywall Limited (Registered number: 09039871)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Britannia Drywall Limited

Company Information
for the year ended 30 November 2023







DIRECTORS: Mr D F Hobbs
Mr K S Cooper





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 09039871 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Britannia Drywall Limited (Registered number: 09039871)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,216 18,740

CURRENT ASSETS
Debtors 5 244,672 253,948
Cash at bank and in hand 4,973 30,179
249,645 284,127
CREDITORS
Amounts falling due within one year 6 264,443 296,867
NET CURRENT LIABILITIES (14,798 ) (12,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,582

)

6,000

PROVISIONS FOR LIABILITIES 7 2,321 3,561
NET (LIABILITIES)/ASSETS (4,903 ) 2,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,003 ) 2,339
SHAREHOLDERS' FUNDS (4,903 ) 2,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Britannia Drywall Limited (Registered number: 09039871)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Mr D F Hobbs - Director


Britannia Drywall Limited (Registered number: 09039871)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Britannia Drywall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Britannia Drywall Limited (Registered number: 09039871)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022 43,754
Additions 416
At 30 November 2023 44,170
DEPRECIATION
At 1 December 2022 25,014
Charge for year 6,940
At 30 November 2023 31,954
NET BOOK VALUE
At 30 November 2023 12,216
At 30 November 2022 18,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,272 206,482
Directors' current accounts 120,223 40,164
VAT 7,177 7,302
244,672 253,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,962 36,461
Trade creditors 28,405 26,379
Tax (483 ) 5,740
Social security and other taxes 28,854 35,852
Other creditors 106,540 99,270
Accrued expenses 2,000 6,000
Doubtful debt provision 67,165 87,165
264,443 296,867

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,321 3,561

Britannia Drywall Limited (Registered number: 09039871)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 3,561
Provided during year (1,240 )
Balance at 30 November 2023 2,321

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors confirm the overdrawn Directors Loan Accounts were repaid within nine months of the year end.

9. RELATED PARTY DISCLOSURES

Controlling party
The company is controlled by the directors who hold all shares in issue.

10. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.