Britannia Match Limited |
Notes to the Accounts |
for the year ended 31 December 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents gross rents receivable. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Plant and machinery |
over 5 years |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
410,126 |
|
11,884 |
|
422,010 |
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Additions |
- |
|
1,332 |
|
1,332 |
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At 31 December 2024 |
410,126 |
|
13,216 |
|
423,342 |
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Depreciation |
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At 1 January 2024 |
102,000 |
|
11,884 |
|
113,884 |
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Charge for the year |
6,304 |
|
443 |
|
6,747 |
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At 31 December 2024 |
108,304 |
|
12,327 |
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120,631 |
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Net book value |
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At 31 December 2024 |
301,822 |
|
889 |
|
302,711 |
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At 31 December 2023 |
308,126 |
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- |
|
308,126 |
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The land and buildings are investment property held to earn rentals and its subsequent measurement is the cost model less depreciation charge as it would cause undue cost and effort to measure reliably at fair value. |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
4,881 |
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4,533 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Taxation and social security costs |
12,658 |
|
8,130 |
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Rent deposits |
11,295 |
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11,295 |
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Rent in advance |
2,494 |
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2,494 |
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Other creditors |
750 |
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2,400 |
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27,197 |
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24,319 |
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6 |
Other information |
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Britannia Match Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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4 Coopers Drive |
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Dartford |
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Kent |
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DA2 7WS |