Britannia Metalwork Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06518052 (England and Wales)

BRITANNIA METALWORK SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J C S Jourdan

Mr P M H Pollen

Mr T P Jourdan

SECRETARY:

Mr P M H Pollen

REGISTERED OFFICE:

15 High Street

Brackley

Northamptonshire

NN13 7DH

REGISTERED NUMBER:

06518052 (England and Wales)

ACCOUNTANTS:

Blencowes

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Intangible assets

4

92,765

83,514

Tangible assets

5

51,485

69,568

Investments

6

2

144,252

153,084

CURRENT ASSETS

Stocks

56,329

83,374

Debtors

7

193,335

143,906

Cash at bank and in hand

96,238

71,129

345,902

298,409

CREDITORS

Amounts falling due within one year

8

329,675

267,353

NET CURRENT ASSETS

16,227

31,056

TOTAL ASSETS LESS CURRENT
LIABILITIES

160,479

184,140

CREDITORS

Amounts falling due after more than one
year

9

(16,951

)

(19,451

)

PROVISIONS FOR LIABILITIES

(9,782

)

(13,218

)

NET ASSETS

133,746

151,471

CAPITAL AND RESERVES

Called up share capital

1,150

Retained earnings

132,596

150,321

SHAREHOLDERS' FUNDS

133,746

151,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 10 November 2025 and were signed on its behalf by:

Mr T P Jourdan - Director

1.	STATUTORY INFORMATION

Britannia Metalwork Services 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.

The presentation currency of the financial statements is rounded to the nearest pound sterling (£).

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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

74,118

16,751

90,869

Additions

-

14,500

At 31 March 2025

74,118

31,251

105,369

AMORTISATION

At 1 April 2024

-

7,355

Charge for year

-

5,249

At 31 March 2025

-

12,604

NET BOOK VALUE

At 31 March 2025

74,118

18,647

92,765

At 31 March 2024

74,118

9,396

83,514

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

187,461

3,722

8,910

200,093

Additions

2,679

3,600

-

6,279

At 31 March 2025

190,140

7,322

8,910

206,372

DEPRECIATION

At 1 April 2024

119,728

3,424

7,373

130,525

Charge for year

21,848

1,130

1,384

24,362

At 31 March 2025

141,576

4,554

8,757

154,887

NET BOOK VALUE

At 31 March 2025

48,564

2,768

153

51,485

At 31 March 2024

67,733

298

1,537

69,568

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

164,595

117,751

Other debtors

-

211

Prepayments and accrued income

28,740

25,944

193,335

143,906

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loans

10,000

Preference shares

50

Hire purchase contracts

2,500

Trade creditors

184,569

182,454

Tax

4,691

1,883

Social security and other taxes

13,505

13,755

Pension creditor

-

2,239

VAT

44,027

42,651

Other creditors

12,014

5,228

Directors' current accounts

52,167

367

Accrued expenses

6,152

6,226

329,675

267,353

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other loans - 2-5 years

1,667

11,667

Hire purchase contracts

417

2,917

Directors' loan accounts

14,867

4,867

16,951

19,451

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,336 were paid to the directors .

The balance owed to the directors as at 31 March 2025 was as follows:

J Jourdan £51,167 (2024 £367)

M Pollen £14,867 (2024 £4,867)

T Jourdan £nil (2024 £nil)

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.