Abbreviated Company Accounts - BRITANNIA INTERNATIONAL SUPPLIES LTD

BRITANNIA INTERNATIONAL SUPPLIES LTD - Company Information

08652991 BRITANNIA INTERNATIONAL SUPPLIES LTD 2015-08-31 false 2014-09-01 2015-08-31 true 08652991 2014-09-01 2015-08-31 08652991 2015-08-31 08652991 2014-08-31 08652991 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 08652991 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:Director3 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08652991

BRITANNIA INTERNATIONAL SUPPLIES LTD

Abbreviated Accounts

31 August 2015

BRITANNIA INTERNATIONAL SUPPLIES LTD Registered Number 08652991

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		276,983	97,833
Cash at bank and in hand		242	2
		277,225	97,835
Creditors: amounts falling due within one year		(252,348)	(95,300)
Net current assets (liabilities)		24,877	2,535
Total assets less current liabilities		24,877	2,535
Total net assets (liabilities)		24,877	2,535
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		24,876	2,534
Shareholders' funds		24,877	2,535

For the year ending 31 August 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 May 2016

And signed on their behalf by:
Mr G Jbaili, Director

BRITANNIA INTERNATIONAL SUPPLIES LTD Registered Number 08652991

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

3Transactions with directors

Name of director receiving advance or credit:	Mr G Jbaili
Description of the transaction:	Current Account
Balance at 1 September 2014:	-
Advances or credits made:	£ 24,405
Advances or credits repaid:	£ 24,405
Balance at 31 August 2015:	£ 0

Included in other creditors is an amount due to Mr G Jbaili of £377 (2014 £121). There was a maximum overdrawn balance of £9,284 during the year; £24,526 was drawn and £24,782 repaid.