REGISTERED NUMBER: 02054187 (England and Wales)

BRITANNIA ADHESIVES LIMITED

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

P D Lee

X Desimpel

Registered office:

C/O Pafra Adhesives

Bentalls

Basildon

Essex

SS14 3BU

Registered number:

02054187 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Current assets

Debtors

4

-

2,192

Cash at bank

-

6,175

-

8,367

Creditors

Amounts falling due within one year

5

7,355

7,267

Net current (liabilities)/assets

(7,355

)

1,100

Total assets less current liabilities

(7,355

)

1,100

Capital and reserves

Called up share capital

6

100

100

Capital redemption reserve

7

750

750

Other reserves

7

250

250

Retained earnings

7

(8,455

)

-

Shareholders' funds

(7,355

)

1,100

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 31 October 2025 and were signed on its behalf by:

P D Lee - Director

1.	Statutory information

Britannia Adhesives Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer on dispatch of the goods and when sales invoices are issued.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Non-going concern basis

As the Company is no longer trading, the accounts have been prepared on a non-going concern basis.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

-

2,192

5.

Creditors: amounts falling due within one year

2024

2023

£

£

Amounts owed to group undertakings

7,355

7,267

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

59

Ordinary A

1.00

59

59

2

Ordinary B and Ordinary C

1.00

2

2

39

Ordinary D

1.00

39

39

100

100

7.

Reserves

Capital

Retained

redemption

Other

earnings

reserve

reserves

Totals

£

£

£

£

At 1 January 2024

-

750

250

1,000

Deficit for the year

(8,455

)

(8,455

)

At 31 December 2024

(8,455

)

750

250

(7,455

)

8.	Parent undertaking

The immediate parent undertaking is Ace Adhesives Limited , a company incorporated in England and Wales. The company's registered office is Shenstone Drive, Northgate Aldridge, Walsall, West Midlands, WS9 8TP .

The ultimate parent undertaking is DAM122 NV , a company incorporated in Belgium . The company's registered office and address for obtaining accounts is Pathoekeweg 122, 8000 Brugge, Belgium.