| Britannia Music Shop Limited |
| Registered number: |
05688024 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
167 |
|
|
222 |
|
| Current assets |
| Stocks |
|
|
30,000 |
|
|
30,000 |
| Debtors |
4 |
|
277 |
|
|
- |
| Main Bank Account |
|
|
749 |
|
|
920 |
| Sole Hire Account |
|
|
3 |
|
|
42 |
| LTD Hire Account |
|
|
1 |
|
|
3 |
|
|
|
31,030 |
|
|
30,965 |
|
| Creditors: amounts falling due within one year |
5 |
|
(4,525) |
|
|
(4,624) |
|
| Net current assets |
|
|
|
26,505 |
|
|
26,341 |
|
| Net assets |
|
|
|
26,672 |
|
|
26,563 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
26,670 |
|
|
26,561 |
|
| Shareholder's funds |
|
|
|
26,672 |
|
|
26,563 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Margaret Beauchamp |
| Director |
| Approved by the board on 19 March 2026 |
|
| Britannia Music Shop Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and Machinery |
25% reducing balance |
|
Motor Vehicle |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Equipment and Instruments |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2024 |
305 |
|
1,170 |
|
1,475 |
|
At 30 November 2025 |
305 |
|
1,170 |
|
1,475 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2024 |
133 |
|
1,120 |
|
1,253 |
|
Charge for the year |
43 |
|
12 |
|
55 |
|
At 30 November 2025 |
176 |
|
1,132 |
|
1,308 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
129 |
|
38 |
|
167 |
|
At 30 November 2024 |
172 |
|
50 |
|
222 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
277 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
2,391 |
|
2,440 |
|
Director's loan account |
364 |
|
91 |
|
Other creditors |
1,770 |
|
2,093 |
|
|
|
|
|
|
4,525 |
|
4,624 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The company is controlled by Margaret Beauchamp, sole director and shareholder. |
|
|
| 7 |
Other information |
|
|
Britannia Music Shop Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Office 156 |
|
17 Holywell Hill |
|
St Albans |
|
Hertfordshire |
|
AL1 1DT |