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REGISTERED NUMBER: 03465314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE BRITANNIA TRADING COMPANY LIMITED

THE BRITANNIA TRADING COMPANY LIMITED (REGISTERED NUMBER: 03465314)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BRITANNIA TRADING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs L J E Caine





REGISTERED OFFICE: Chargrove House
Shurdington
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Rectory Farm Cottage
High Street
Bisley
Stroud
Gloucestershire
GL6 7AD





REGISTERED NUMBER: 03465314 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

THE BRITANNIA TRADING COMPANY LIMITED (REGISTERED NUMBER: 03465314)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,894 1,141
Cash at bank 201 2,204
2,095 3,345
CREDITORS
Amounts falling due within one year 5 31,769 33,339
NET CURRENT LIABILITIES (29,674 ) (29,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,674

)

(29,994

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (29,676 ) (29,996 )
SHAREHOLDERS' FUNDS (29,674 ) (29,994 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mrs L J E Caine - Director


THE BRITANNIA TRADING COMPANY LIMITED (REGISTERED NUMBER: 03465314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Britannia Trading Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
Despite the overdrawn balance sheet, there are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern, and the company has the ongoing support of the director.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 1,894 1,141

THE BRITANNIA TRADING COMPANY LIMITED (REGISTERED NUMBER: 03465314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes - 98
Director's loan accs less 1yr 30,569 31,361
Accruals and Deferred Income 1,200 1,880
31,769 33,339

6. TRANSACTIONS WITH DIRECTOR

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs L J E Caine
Balance outstanding at start of year (31,361 ) (35,525 )
Amounts advanced 2,602 12,036
Amounts repaid (1,712 ) (7,872 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,471 ) (31,361 )

No interest is being charged on the loan and there are no set repayment terms.