Registered number
08474182
Britannia Reeds Limited
Filleted Accounts
31 March 2025
Britannia Reeds Limited
Registered number: 08474182
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 - 900
Current assets
Stocks - 1,363
Debtors 5 286 263
Cash at bank and in hand 4,676 8,997
4,962 10,623
Creditors: amounts falling due within one year 6 (4,517) (9,817)
Net current assets 445 806
Net assets 445 1,706
Capital and reserves
Called up share capital 2 2
Profit and loss account 443 1,704
Shareholders' funds 445 1,706
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lorraine Blyth
Director
Approved by the board on 9 May 2025
Britannia Reeds Limited
Notes to the Accounts
for the period from 1 June 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2024 60,000
At 31 March 2025 60,000
Amortisation
At 1 June 2024 60,000
At 31 March 2025 60,000
Net book value
At 31 March 2025 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 6,323
Disposals (6,323)
At 31 March 2025 -
Depreciation
At 1 June 2024 5,423
On disposals (5,423)
At 31 March 2025 -
Net book value
At 31 March 2025 -
At 31 May 2024 900
5 Debtors 2025 2024
£ £
Trade debtors 286 263
6 Creditors: amounts falling due within one year 2025 2024
£ £
Lorraine Blyth-Director's Loan a/c 544 1,480
Damian Brassington-Director's Loan a/c 987 5,857
Corporation tax 2,027 1,417
Other creditors 959 1,063
4,517 9,817
7 Related party transactions
The company is controlled by its directors, who are also equal shareholders. Damian Brasington received a salary from the company of £7,580 (2024: £9,096) plus a dividend of £5,000 (2024: £1,000). At the year end the company owed him £987 (2024:£5,857). Lorraine Blyth received a salary from the company of £7,580 (2024: £9,096) plus dividends of £4,000 (2024: £7,000). At the year end the company owed her £544 (2024: £1,480).
8 Controlling party
There is no controlling party in the company.
9 Other information
Britannia Reeds Limited is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
Britannia Reeds Limited 08474182 false 2024-06-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Lorraine Blyth No description of principal activity 08474182 2023-06-01 2024-05-31 08474182 core:WithinOneYear 2024-05-31 08474182 core:ShareCapital 2024-05-31 08474182 core:RetainedEarningsAccumulatedLosses 2024-05-31 08474182 2024-06-01 2025-03-31 08474182 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 08474182 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-03-31 08474182 bus:Director40 2024-06-01 2025-03-31 08474182 core:PlantMachinery 2024-06-01 2025-03-31 08474182 countries:England 2024-06-01 2025-03-31 08474182 bus:FRS102 2024-06-01 2025-03-31 08474182 bus:FilletedAccounts 2024-06-01 2025-03-31 08474182 2025-03-31 08474182 core:WithinOneYear 2025-03-31 08474182 core:ShareCapital 2025-03-31 08474182 core:RetainedEarningsAccumulatedLosses 2025-03-31 08474182 core:Goodwill 2025-03-31 08474182 core:PlantMachinery 2025-03-31 08474182 2024-05-31 08474182 core:Goodwill 2024-05-31 08474182 core:PlantMachinery 2024-05-31 iso4217:GBP xbrli:pure