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REGISTERED NUMBER: 03061576 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BRITANNIA ENTERPRISE CENTRE LIMITED

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRITANNIA ENTERPRISE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr H W Gastall
Miss L Gastall





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill-on-sea
East Sussex
TN39 5ES





REGISTERED NUMBER: 03061576 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 20,321 29,922

CURRENT ASSETS
Debtors 5 164,562 80,423
Cash at bank 28,785 106,632
193,347 187,055
CREDITORS
Amounts falling due within one year 6 27,947 23,151
NET CURRENT ASSETS 165,400 163,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,721

193,826

CREDITORS
Amounts falling due after more than one
year

7

(11,700

)

(19,500

)

PROVISIONS FOR LIABILITIES 9 (5,030 ) (5,638 )
NET ASSETS 168,991 168,688

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 168,989 168,686
SHAREHOLDERS' FUNDS 168,991 168,688

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr H W Gastall - Director


BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

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


1. STATUTORY INFORMATION

Britannia Enterprise Centre 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.

TURNOVER
Revenue 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.
Short leasehold - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the year comprises current 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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Cost
At 1 June 2023
and 31 May 2024 44,230 4,661 44,622 93,513
Depreciation
At 1 June 2023 20,972 4,547 38,072 63,591
Charge for year 7,946 17 1,638 9,601
At 31 May 2024 28,918 4,564 39,710 73,192
Net book value
At 31 May 2024 15,312 97 4,912 20,321
At 31 May 2023 23,258 114 6,550 29,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 10,239 10,564
Amounts owed by participating interests 154,323 66,264
Other debtors - 3,595
164,562 80,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 7,800 7,800
Taxation and social security 17,179 9,440
Other creditors 2,968 5,911
27,947 23,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,700 19,500

8. SECURED DEBTS

HSBC bank PLC has fixed and floating charge over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant and machinery.

BRITANNIA ENTERPRISE CENTRE LIMITED (REGISTERED NUMBER: 03061576)

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


9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 5,030 5,638

Deferred
tax
£   
Balance at 1 June 2023 5,638
Utilised during year (608 )
Balance at 31 May 2024 5,030

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2