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REGISTERED NUMBER: 07078910 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Britannia Car Finance Ltd

Britannia Car Finance Ltd (Registered number: 07078910)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Britannia Car Finance Ltd (Registered number: 07078910)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,260 13,320

CURRENT ASSETS
Debtors 5 87,430 135,429
Cash at bank 94,403 29,146
181,833 164,575
CREDITORS
Amounts falling due within one year 6 (177,745 ) (159,959 )
NET CURRENT ASSETS 4,088 4,616
TOTAL ASSETS LESS CURRENT LIABILITIES 14,348 17,936

CREDITORS
Amounts falling due after more than one
year

7

(5,271

)

(15,455

)
NET ASSETS 9,077 2,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,977 2,381
SHAREHOLDERS' FUNDS 9,077 2,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 April 2025 and were signed on its behalf by:



Mr I Whalen - Director


Britannia Car Finance Ltd (Registered number: 07078910)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Britannia Car Finance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07078910

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 12 (2023 - 14 ) .

Britannia Car Finance Ltd (Registered number: 07078910)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 3,445 12,636 15,124 31,205
Additions - - 483 483
At 31 December 2024 3,445 12,636 15,607 31,688
DEPRECIATION
At 1 January 2024 431 4,432 13,022 17,885
Charge for year 516 1,231 1,796 3,543
At 31 December 2024 947 5,663 14,818 21,428
NET BOOK VALUE
At 31 December 2024 2,498 6,973 789 10,260
At 31 December 2023 3,014 8,204 2,102 13,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 85,058 125,480
Other debtors 2,372 9,949
87,430 135,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,472 10,157
Taxation and social security 145,830 131,542
Other creditors 21,443 18,260
177,745 159,959

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 5,271 15,455

Britannia Car Finance Ltd (Registered number: 07078910)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr B Chatterton
Balance outstanding at start of year 2,546 -
Amounts advanced - 2,546
Amounts repaid (2,546 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,546

Mr C Cooke
Balance outstanding at start of year 2,916 417
Amounts advanced - 2,916
Amounts repaid (2,916 ) (417 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,916

Mr I Whalen
Balance outstanding at start of year 2,474 5,421
Amounts advanced - 2,474
Amounts repaid (2,474 ) (5,421 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,474

Loans in excess of £10,000 incur interest at 2.5% per annum.
The loans were repaid within 9 months of the company year end.