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Company Registration No. 12798055 (England and Wales)
Brittannia Stores Newport Ltd Unaudited accounts for the year ended 31 August 2023
Brittannia Stores Newport Ltd Unaudited accounts Contents
Page
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Brittannia Stores Newport Ltd Company Information for the year ended 31 August 2023
Director
Tanveer Mohammed
Company Number
12798055 (England and Wales)
Registered Office
169 Commercial Road Newport NP20 2PL
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Brittannia Stores Newport Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brittannia Stores Newport Ltd for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 20 August 2024
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Brittannia Stores Newport Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
2,500 
2,500 
Cash at bank and in hand
7,897 
249 
10,397 
2,749 
Creditors: amounts falling due within one year
(6,024)
(2,431)
Net current assets
4,373 
318 
Total assets less current liabilities
4,373 
318 
Creditors: amounts falling due after more than one year
(29,459)
(27,807)
Net liabilities
(25,086)
(27,489)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(25,088)
(27,491)
Shareholders' funds
(25,086)
(27,489)
For the year ending 31 August 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Tanveer Mohammed Director Company Registration No. 12798055
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Brittannia Stores Newport Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Brittannia Stores Newport Ltd is a private company, limited by shares, registered in England and Wales, registration number 12798055. The registered office is 169 Commercial Road, Newport, NP20 2PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Inventories
2023 
2022 
£ 
£ 
Finished goods
2,500 
2,500 
2,500 
2,500 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,532 
1,431 
Taxes and social security
132 
- 
Accruals
1,360 
1,000 
6,024 
2,431 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
29,459 
27,807 
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Brittannia Stores Newport Ltd Notes to the Accounts for the year ended 31 August 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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