Brittanic Building Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06770601

Brittanic Building Services Limited

Filleted Unaudited Financial Statements

31 December 2024

Brittanic Building Services Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		3,039	1,970

Current assets

Debtors	6	13,758	65,804
Cash at bank and in hand		576,941	477,575
		---------	---------
		590,699	543,379

Creditors: amounts falling due within one year	7	( 170,473)		( 177,728)
		---------		---------
Net current assets			420,226	365,651
			---------	---------
Total assets less current liabilities			423,265	367,621

Provisions

Taxation including deferred tax	( 760)	( 493)
	---------	---------
Net assets	422,505	367,128
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	422,405	367,028
	---------	---------
Shareholders funds	422,505	367,128
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Brittanic Building Services Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr G Oliveri
Director

Company registration number: 06770601

Brittanic Building Services Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover comprises sales to customers after discounts, excluding Value Added Tax. Where the outcome of construction contracts can be assessed with reasonable certainty, the revenues and costs on such contracts are recognised based on stage of completion. Contract revenue is recognised by reference to the stage of completion based on work performed to date. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on costs incurred to the extent these relate to the contract costs arising up to the reporting date.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, fittings and equipment	-	25% reducing balance

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 January 2024	15,777	15,777
Additions	2,082	2,082
	--------	--------
At 31 December 2024	17,859	17,859
	--------	--------
Depreciation
At 1 January 2024	13,807	13,807
Charge for the year	1,013	1,013
	--------	--------
At 31 December 2024	14,820	14,820
	--------	--------
Carrying amount
At 31 December 2024	3,039	3,039
	--------	--------
At 31 December 2023	1,970	1,970
	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	13,758	56,713
Prepayments and accrued income	–	9,091
	--------	--------
	13,758	65,804
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	4,585
Accruals and deferred income	5,335	5,300
Corporation tax	27,178	42,389
Social security and other taxes	9,604	959
Director loan accounts	128,356	124,495
	---------	---------
	170,473	177,728
	---------	---------

8. Related party transactions

Included within creditors due within one year is an amount of £128,356 (2023: £124,495) owed to the director. This loan is interest-free and repayable on demand.