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Company Registration No. SC659310 (Scotland)
Britton Manufacturing Ltd Unaudited accounts for the year ended 30 April 2025
Britton Manufacturing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Britton Manufacturing Ltd Company Information for the year ended 30 April 2025
Director
Amy Britton
Company Number
SC659310 (Scotland)
Registered Office
Scion House Stirling University Innovation Park Stirling FK9 4NF Scotland
Accountants
Armet Accounting Ltd Room 31 Haypark Business Centre Polmont FK2 0NZ
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Britton Manufacturing Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
16,539
29,852
Current assets
Inventories
14,723
13,816
Debtors
5
14,465
10,748
Cash at bank and in hand
14,637
23,914
43,825
48,478
Creditors: amounts falling due within one year
6
(39,169)
(37,317)
Net current assets
4,656
11,161
Total assets less current liabilities
21,195
41,013
Provisions for liabilities
Deferred tax
(1,107)
-
Net assets
20,088
41,013
Capital and reserves
Called up share capital
4
4
Profit and loss account
20,084
41,009
Shareholders' funds
20,088
41,013
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2026 and were signed on its behalf by
Amy Britton Director Company Registration No. SC659310
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Britton Manufacturing Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Britton Manufacturing Ltd is a private company, limited by shares, registered in Scotland, registration number SC659310. The registered office is Scion House, Stirling University Innovation Park, Stirling, FK9 4NF, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
20% straight line
Computer equipment
33.3% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Britton Manufacturing Ltd Notes to the Accounts for the year ended 30 April 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
30,000
52,211
-
1,103
83,314
Additions
-
1,116
1,059
1,075
3,250
At 30 April 2025
30,000
53,327
1,059
2,178
86,564
Depreciation
At 1 May 2024
12,000
40,359
-
1,103
53,462
Charge for the year
6,000
10,483
80
-
16,563
At 30 April 2025
18,000
50,842
80
1,103
70,025
Net book value
At 30 April 2025
12,000
2,485
979
1,075
16,539
At 30 April 2024
18,000
11,852
-
-
29,852
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
10,906
8,062
Accrued income and prepayments
2,867
-
Other debtors
692
2,686
14,465
10,748
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,453
4,334
Trade creditors
2,949
3,591
Taxes and social security
1,656
642
Other creditors
3,892
-
Loans from directors
26,383
28,750
Accruals
836
-
39,169
37,317
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Britton Manufacturing Ltd Notes to the Accounts for the year ended 30 April 2025
7
Operating lease commitments
2025
2024
£
£
At 30 April 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,386
3,288
8
Average number of employees
During the year the average number of employees was 5 (2024: 7).
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