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REGISTERED NUMBER: 14405755 (England and Wales)


















BRITANNIA RENEWABLES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

7 OCTOBER 2022 TO 31 OCTOBER 2023






BRITANNIA RENEWABLES LIMITED (REGISTERED NUMBER: 14405755)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 OCTOBER 2022 TO 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BRITANNIA RENEWABLES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7 OCTOBER 2022 TO 31 OCTOBER 2023







DIRECTORS: J L Williams Esq
K L D Maher Esq





REGISTERED OFFICE: 62 Penrhos Road
BANGOR
Wales
LL57 2AX





REGISTERED NUMBER: 14405755 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

BRITANNIA RENEWABLES LIMITED (REGISTERED NUMBER: 14405755)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

Notes £   
CURRENT ASSETS
Debtors 5 2,066
Cash at bank and in hand 1,100
3,166
CREDITORS
Amounts falling due within one year 6 1,888
NET CURRENT ASSETS 1,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 1,178
SHAREHOLDERS' FUNDS 1,278

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

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 25 September 2024 and were signed on its behalf by:



K L D Maher Esq - Director



J L Williams Esq - Director


BRITANNIA RENEWABLES LIMITED (REGISTERED NUMBER: 14405755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 OCTOBER 2022 TO 31 OCTOBER 2023

1. STATUTORY INFORMATION

Britannia Renewables 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.

Revenue recognition
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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

BRITANNIA RENEWABLES LIMITED (REGISTERED NUMBER: 14405755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 OCTOBER 2022 TO 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 38,430 41,990 80,420
Disposals (38,430 ) (41,990 ) (80,420 )
At 31 October 2023 - - -
NET BOOK VALUE
At 31 October 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by related parties 2,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 315
Social security and other taxes 673
Accruals 900
1,888

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.