IRIS Accounts Production v24.1.0.578 07641741 Board of Directors 30.9.22 29.9.23 29.9.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076417412022-09-29076417412023-09-29076417412022-09-302023-09-29076417412021-09-29076417412021-09-302022-09-29076417412022-09-2907641741ns15:EnglandWales2022-09-302023-09-2907641741ns14:PoundSterling2022-09-302023-09-2907641741ns10:Director12022-09-302023-09-2907641741ns10:PrivateLimitedCompanyLtd2022-09-302023-09-2907641741ns10:SmallEntities2022-09-302023-09-2907641741ns10:AuditExempt-NoAccountantsReport2022-09-302023-09-2907641741ns10:SmallCompaniesRegimeForDirectorsReport2022-09-302023-09-2907641741ns10:SmallCompaniesRegimeForAccounts2022-09-302023-09-2907641741ns10:FullAccounts2022-09-302023-09-290764174112022-09-302023-09-2907641741ns10:Director22022-09-302023-09-2907641741ns10:RegisteredOffice2022-09-302023-09-2907641741ns5:CurrentFinancialInstruments2023-09-2907641741ns5:CurrentFinancialInstruments2022-09-2907641741ns5:Non-currentFinancialInstruments2023-09-2907641741ns5:Non-currentFinancialInstruments2022-09-2907641741ns5:ShareCapital2023-09-2907641741ns5:ShareCapital2022-09-2907641741ns5:RetainedEarningsAccumulatedLosses2023-09-2907641741ns5:RetainedEarningsAccumulatedLosses2022-09-2907641741ns5:NetGoodwill2022-09-302023-09-2907641741ns5:IntangibleAssetsOtherThanGoodwill2022-09-302023-09-2907641741ns5:PlantMachinery2022-09-302023-09-2907641741ns5:FurnitureFittings2022-09-302023-09-2907641741ns5:MotorVehicles2022-09-302023-09-2907641741ns5:NetGoodwill2022-09-2907641741ns5:NetGoodwill2023-09-2907641741ns5:NetGoodwill2022-09-2907641741ns5:PlantMachinery2022-09-2907641741ns5:FurnitureFittings2022-09-2907641741ns5:MotorVehicles2022-09-2907641741ns5:ComputerEquipment2022-09-2907641741ns5:ComputerEquipment2022-09-302023-09-2907641741ns5:PlantMachinery2023-09-2907641741ns5:FurnitureFittings2023-09-2907641741ns5:MotorVehicles2023-09-2907641741ns5:ComputerEquipment2023-09-2907641741ns5:PlantMachinery2022-09-2907641741ns5:FurnitureFittings2022-09-2907641741ns5:MotorVehicles2022-09-2907641741ns5:ComputerEquipment2022-09-2907641741ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-302023-09-2907641741ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-09-302023-09-2907641741ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-302023-09-2907641741ns5:LeasedAssetsHeldAsLessee2022-09-302023-09-2907641741ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-2907641741ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-09-2907641741ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-2907641741ns5:LeasedAssetsHeldAsLessee2023-09-2907641741ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:LeasedAssetsHeldAsLessee2022-09-2907641741ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-2907641741ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-29
REGISTERED NUMBER: 07641741 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2023

FOR

BRITANNIA SECURITY & MAINTENANCE LIMITED

BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRITANNIA SECURITY & MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2023







DIRECTORS: P R Matthews
D C Matthews





REGISTERED OFFICE: Unit 4n Crossley Park Crossley Road
Heaton Chapel
Stockport
SK4 5BF





REGISTERED NUMBER: 07641741 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN

BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

BALANCE SHEET
29 SEPTEMBER 2023

29.9.23 29.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 69,333 79,333
Tangible assets 5 54,147 65,498
123,480 144,831

CURRENT ASSETS
Debtors 6 86,183 69,673
Cash at bank 2,625 6,438
88,808 76,111
CREDITORS
Amounts falling due within one year 7 19,125 16,593
NET CURRENT ASSETS 69,683 59,518
TOTAL ASSETS LESS CURRENT LIABILITIES 193,163 204,349

CREDITORS
Amounts falling due after more than one
year

8

(17,365

)

(27,685

)

PROVISIONS FOR LIABILITIES (8,143 ) (8,143 )
NET ASSETS 167,655 168,521

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,555 168,421
SHAREHOLDERS' FUNDS 167,655 168,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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 SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

BALANCE SHEET - continued
29 SEPTEMBER 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 September 2024 and were signed on its behalf by:





P R Matthews - Director


BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023


1. STATUTORY INFORMATION

Britannia Security & Maintenance 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.


A further acquisition in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.


BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These accounts are being prepared on the going concern basis, on the understanding that the shareholders will continue to financially support the company.

However, in common with virtually every other business in the country, the Company has been experiencing the effects of the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the Company cannot be assessed with complete certainty at the current time, the Directors believe they have taken all possible steps to protect the Company including accessing relevant Government assistance.

As such, after reviewing the forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 September 2022
and 29 September 2023 160,000
AMORTISATION
At 30 September 2022 80,667
Amortisation for year 10,000
At 29 September 2023 90,667
NET BOOK VALUE
At 29 September 2023 69,333
At 29 September 2022 79,333

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 September 2022
and 29 September 2023 153,236 12,572 115,774 976 282,558
DEPRECIATION
At 30 September 2022 105,556 10,152 101,211 141 217,060
Charge for year 7,152 363 3,641 195 11,351
At 29 September 2023 112,708 10,515 104,852 336 228,411
NET BOOK VALUE
At 29 September 2023 40,528 2,057 10,922 640 54,147
At 29 September 2022 47,680 2,420 14,563 835 65,498

BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 30 September 2022
and 29 September 2023 48,266 5,990 34,622 88,878
DEPRECIATION
At 30 September 2022 30,288 4,399 30,343 65,030
Charge for year 2,697 239 1,070 4,006
At 29 September 2023 32,985 4,638 31,413 69,036
NET BOOK VALUE
At 29 September 2023 15,281 1,352 3,209 19,842
At 29 September 2022 17,978 1,591 4,279 23,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£    £   
Trade debtors 5,719 14,286
Amounts owed by group undertakings 69,750 45,395
Other debtors 10,714 9,992
86,183 69,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£    £   
Bank loans and overdrafts 10,077 9,586
Taxation and social security 5,797 1,555
Other creditors 3,251 5,452
19,125 16,593

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.9.23 29.9.22
£    £   
Bank loans 17,365 27,685

BRITANNIA SECURITY & MAINTENANCE LIMITED (REGISTERED NUMBER: 07641741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2023


9. RELATED PARTY DISCLOSURES

During the year management charges of £75,000 (2022: £420,000) were received from Britannia Retail Limited, a company under common ownership. At the year end there was a balance due from Britannia Retail Limited of £69,750 (2022: £88,605).