Company Registration No. 12165378 (England and Wales)
Britannic Furniture Ltd
Unaudited accounts
for the year ended 31 August 2024
Britannic Furniture Ltd
Unaudited accounts
Contents
Britannic Furniture Ltd
Company Information
for the year ended 31 August 2024
Company Number
12165378 (England and Wales)
Registered Office
122 FAIRY LANE
MANCHESTER
M8 8YD
ENGLAND
Britannic Furniture Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
11,090
20,741
Cash at bank and in hand
2,522
4,437
Creditors: amounts falling due within one year
(104,649)
(91,601)
Net current liabilities
(98,847)
(68,579)
Total assets less current liabilities
(87,757)
(47,838)
Creditors: amounts falling due after more than one year
(7,896)
(12,155)
Net liabilities
(95,653)
(59,993)
Profit and loss account
(95,753)
(60,093)
Shareholders' funds
(95,653)
(59,993)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2025 and were signed on its behalf by
ZIA AHMADI
Director
Company Registration No. 12165378
Britannic Furniture Ltd
Notes to the Accounts
for the year ended 31 August 2024
Britannic Furniture Ltd is a private company, limited by shares, registered in England and Wales, registration number 12165378. The registered office is 122 FAIRY LANE, MANCHESTER, M8 8YD, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
20,500
26,100
5,592
2,972
55,164
At 31 August 2024
20,500
26,100
5,592
3,664
55,856
At 1 September 2023
12,224
17,290
3,280
1,629
34,423
Charge for the year
3,075
5,220
839
1,209
10,343
At 31 August 2024
15,299
22,510
4,119
2,838
44,766
At 31 August 2024
5,201
3,590
1,473
826
11,090
At 31 August 2023
8,276
8,810
2,312
1,343
20,741
Amounts falling due within one year
Trade debtors
(2,000)
11,103
Britannic Furniture Ltd
Notes to the Accounts
for the year ended 31 August 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,169
18,592
Taxes and social security
8,311
3,194
Other creditors
34,400
13,500
Loans from directors
56,487
57,669
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Creditors: amounts falling due after more than one year
2024
2023
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Average number of employees
During the year the average number of employees was 3 (2023: 3).