Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr Martin Brook 30/09/2015 Mr Daniel Patrick McConnell 30/09/2015 06 May 2025 The principal activity of the company during the financial year was archaeological services. 07874460 2025-03-31 07874460 bus:Director1 2025-03-31 07874460 bus:Director2 2025-03-31 07874460 2024-03-31 07874460 core:CurrentFinancialInstruments 2025-03-31 07874460 core:CurrentFinancialInstruments 2024-03-31 07874460 core:Non-currentFinancialInstruments 2025-03-31 07874460 core:Non-currentFinancialInstruments 2024-03-31 07874460 core:ShareCapital 2025-03-31 07874460 core:ShareCapital 2024-03-31 07874460 core:RetainedEarningsAccumulatedLosses 2025-03-31 07874460 core:RetainedEarningsAccumulatedLosses 2024-03-31 07874460 core:PlantMachinery 2024-03-31 07874460 core:Vehicles 2024-03-31 07874460 core:PlantMachinery 2025-03-31 07874460 core:Vehicles 2025-03-31 07874460 bus:OrdinaryShareClass1 2025-03-31 07874460 2024-04-01 2025-03-31 07874460 bus:FilletedAccounts 2024-04-01 2025-03-31 07874460 bus:SmallEntities 2024-04-01 2025-03-31 07874460 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07874460 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07874460 bus:Director1 2024-04-01 2025-03-31 07874460 bus:Director2 2024-04-01 2025-03-31 07874460 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 07874460 core:Vehicles core:TopRangeValue 2024-04-01 2025-03-31 07874460 2023-04-01 2024-03-31 07874460 core:PlantMachinery 2024-04-01 2025-03-31 07874460 core:Vehicles 2024-04-01 2025-03-31 07874460 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07874460 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07874460 (England and Wales)

BRITANNIA ARCHAEOLOGY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

BRITANNIA ARCHAEOLOGY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BRITANNIA ARCHAEOLOGY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
BRITANNIA ARCHAEOLOGY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS Mr Martin Brook
Mr Daniel Patrick McConnell
SECRETARY Mr Martin Brook
REGISTERED OFFICE Unit 2
The Old Wool Warehouse
St Andrews Street South
Bury St Edmunds
Suffolk
IP33 3PH
United Kingdom
BUSINESS ADDRESS Unit 2
The Old Wool Warehouse
St Andrews Street South
Bury St Edmunds
Suffolk
IP33 3PH
COMPANY NUMBER 07874460 (England and Wales)
ACCOUNTANT Corbett Accountants Limited
Bakersfield
82 Station Road
Soham
Ely
Cambridgeshire
CB7 5DZ
BRITANNIA ARCHAEOLOGY LIMITED

BALANCE SHEET

As at 31 March 2025
BRITANNIA ARCHAEOLOGY LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 7,312 9,731
7,312 9,731
Current assets
Debtors 4 37,940 68,439
Cash at bank and in hand 68,472 37,062
106,412 105,501
Creditors: amounts falling due within one year 5 ( 69,124) ( 61,891)
Net current assets 37,288 43,610
Total assets less current liabilities 44,600 53,341
Creditors: amounts falling due after more than one year 6 ( 2,655) ( 4,778)
Provision for liabilities 7 ( 1,587) ( 1,924)
Net assets 40,358 46,639
Capital and reserves
Called-up share capital 8 300 300
Profit and loss account 40,058 46,339
Total shareholders' funds 40,358 46,639

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Britannia Archaeology Limited (registered number: 07874460) were approved and authorised for issue by the Board of Directors on 06 May 2025. They were signed on its behalf by:

Mr Martin Brook
Director
BRITANNIA ARCHAEOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BRITANNIA ARCHAEOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Britannia Archaeology Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2, The Old Wool Warehouse, St Andrews Street South, Bury St Edmunds, Suffolk, IP33 3PH, United Kingdom. The principal place of business is Unit 2, The Old Wool Warehouse, St Andrews Street South, Bury St Edmunds, Suffolk, IP33 3PH.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 10

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2024 61,730 8,495 70,225
At 31 March 2025 61,730 8,495 70,225
Accumulated depreciation
At 01 April 2024 58,795 1,699 60,494
Charge for the financial year 720 1,699 2,419
At 31 March 2025 59,515 3,398 62,913
Net book value
At 31 March 2025 2,215 5,097 7,312
At 31 March 2024 2,935 6,796 9,731

4. Debtors

2025 2024
£ £
Trade debtors 30,723 61,187
Other debtors 7,217 7,252
37,940 68,439

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 5,241 25,258
Corporation tax 16,964 10,971
Other taxation and social security 29,081 20,394
Obligations under finance leases and hire purchase contracts 2,124 2,124
Other creditors 15,714 3,144
69,124 61,891

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts 2,655 4,778

7. Provision for liabilities

2025 2024
£ £
Deferred tax 1,587 1,924

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each 300 300

9. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Dividends were paid in the year in respect of shares held by the company's directors. 65,400 56,680
The directors charged the company for the use of office during the year. 2,400 2,400