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REGISTERED NUMBER: 06518052 (England and Wales)















BRITANNIA METALWORK SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRITANNIA METALWORK SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J C S Jourdan
Mr P M H Pollen
Mr T P Jourdan





SECRETARY: Mr P M H Pollen





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 06518052 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 83,514 85,863
Tangible assets 5 69,568 67,711
Investments 6 2 2
153,084 153,576

CURRENT ASSETS
Stocks 83,374 102,090
Debtors 7 143,906 177,749
Cash at bank and in hand 71,129 71,278
298,409 351,117
CREDITORS
Amounts falling due within one year 8 267,353 294,605
NET CURRENT ASSETS 31,056 56,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,140

210,088

CREDITORS
Amounts falling due after more than one
year

9

(19,451

)

(26,534

)

PROVISIONS FOR LIABILITIES (13,218 ) (12,865 )
NET ASSETS 151,471 170,689

CAPITAL AND RESERVES
Called up share capital 1,150 1,150
Retained earnings 150,321 169,539
SHAREHOLDERS' FUNDS 151,471 170,689

BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)

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.

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 14 October 2024 and were signed on its behalf by:





Mr T P Jourdan - Director


BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Britannia Metalwork Services 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 rounded to the nearest 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, 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 0, is being amortised evenly over its estimated useful life of nil 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred taxation
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.

BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 74,118 16,751 90,869
AMORTISATION
At 1 April 2023 - 5,006 5,006
Charge for year - 2,349 2,349
At 31 March 2024 - 7,355 7,355
NET BOOK VALUE
At 31 March 2024 74,118 9,396 83,514
At 31 March 2023 74,118 11,745 85,863

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 162,761 3,587 8,452 174,800
Additions 25,200 135 458 25,793
Disposals (500 ) - - (500 )
At 31 March 2024 187,461 3,722 8,910 200,093
DEPRECIATION
At 1 April 2023 98,583 3,194 5,312 107,089
Charge for year 21,645 230 2,061 23,936
Eliminated on disposal (500 ) - - (500 )
At 31 March 2024 119,728 3,424 7,373 130,525
NET BOOK VALUE
At 31 March 2024 67,733 298 1,537 69,568
At 31 March 2023 64,178 393 3,140 67,711

BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,751 157,112
Other debtors 211 211
Prepayments and accrued income 25,944 20,426
143,906 177,749

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
Preference shares 50 50
Hire purchase contracts 2,500 -
Trade creditors 182,454 159,535
Tax 1,883 17,009
Social security and other taxes 13,755 16,468
Pension creditor 2,239 -
VAT 42,651 46,113
Other creditors 5,228 5,000
Directors' current accounts 367 35,467
Accrued expenses 6,226 4,963
267,353 294,605

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 11,667 21,667
Hire purchase contracts 2,917 -
Directors' loan accounts 4,867 4,867
19,451 26,534

BRITANNIA METALWORK SERVICES LIMITED (REGISTERED NUMBER: 06518052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. RELATED PARTY DISCLOSURES

The balance owed to the directors as at 31 March 2024 was as follows:

J Jourdan £367 (2023 £10,467

M Pollen £4,867 (2023 £28,867)

T Jourdan £nil (2023 £1,100)

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.