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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
Page
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Britannic Furniture Ltd Company Information for the year ended 31 August 2024
Director
ZIA AHMADI
Company Number
12165378 (England and Wales)
Registered Office
122 FAIRY LANE MANCHESTER M8 8YD ENGLAND
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Britannic Furniture Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,090 
20,741 
Current assets
Inventories
5,280 
7,482 
Debtors
(2,000)
11,103 
Cash at bank and in hand
2,522 
4,437 
5,802 
23,022 
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)
Capital and reserves
Share premium
100 
100 
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
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Britannic Furniture Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15%
Motor vehicles
20%
Fixtures & fittings
15%
4
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 
Additions
- 
- 
- 
692 
692 
At 31 August 2024
20,500 
26,100 
5,592 
3,664 
55,856 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(2,000)
11,103 
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Britannic Furniture Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(2,118)
(2,754)
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 
Accruals
1,400 
1,400 
104,649 
91,601 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,896 
12,155 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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