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REGISTERED NUMBER: 02118212 (England and Wales)















PIA TRADING LIMITED
TRADING AS
BRITANNIA BEARSBYS

Unaudited Financial Statements

For The Year Ended 31 March 2024






PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PIA TRADING LIMITED
TRADING AS BRITANNIA BEARSBYS

Company Information
For The Year Ended 31 March 2024







DIRECTORS: P Bearsby
Mrs A K Bearsby





SECRETARY: P Bearsby





REGISTERED OFFICE: Unit A and B Larkfield Mill
Bellingham Way
Aylesford
Kent
ME20 6SQ





REGISTERED NUMBER: 02118212 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 350,657 249,970
Investments 6 10,051 9,901
360,708 259,871

CURRENT ASSETS
Debtors 148,448 210,710
Cash at bank 80,877 105,993
229,325 316,703
CREDITORS
Amounts falling due within one year 220,894 275,682
NET CURRENT ASSETS 8,431 41,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,139

300,892

CREDITORS
Amounts falling due after more than one year (141,426 ) (24,713 )

PROVISIONS FOR LIABILITIES (63,939 ) (40,993 )
NET ASSETS 163,774 235,186

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,674 235,086
163,774 235,186

PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Abridged Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 October 2024 and were signed on its behalf by:





P Bearsby - Director


PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

PIA Trading 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax, from the provision of surveying services provided during the period. Turnover is recognised according to the stage of completion of the contract to which it relates.

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.
Short leasehold - Over remaining term of lease
Plant and machinery - 15% on reducing balance
Fixtures & fittings - 33% straight line
Motor vehicles - 15% 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.


PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 500
AMORTISATION
At 1 April 2023
and 31 March 2024 500
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 757,434
Additions 171,060
Disposals (52,500 )
At 31 March 2024 875,994
DEPRECIATION
At 1 April 2023 507,464
Charge for year 62,906
Eliminated on disposal (45,033 )
At 31 March 2024 525,337
NET BOOK VALUE
At 31 March 2024 350,657
At 31 March 2023 249,970

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 9,901
Additions 150
At 31 March 2024 10,051
NET BOOK VALUE
At 31 March 2024 10,051
At 31 March 2023 9,901

Investments relate to 6,093 Ordinary £1 shares in Britannia Movers Int. plc. and a £2,000 bond with the same company.

PIA TRADING LIMITED (REGISTERED NUMBER: 02118212)
TRADING AS BRITANNIA BEARSBYS

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 32,897 24,667
Between one and five years 129,140 2,098
162,037 26,765

Non-cancellable operating leases
2024 2023
£    £   
Within one year 78,153 195,383

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P Bearsby and Mrs A K Bearsby
Balance outstanding at start of year 62,073 40,856
Amounts advanced 121,077 177,977
Amounts repaid (153,940 ) (156,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,210 62,073

9. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors.