Abbreviated Company Accounts - BRITANNICA LIMITED

BRITANNICA LIMITED - Company Information

03667429 BRITANNICA LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 03667429 2014-12-01 2015-11-30 03667429 2015-11-30 03667429 2014-11-30 03667429 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 03667429 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 03667429

BRITANNICA LIMITED

Abbreviated Accounts

30 November 2015

BRITANNICA LIMITED Registered Number 03667429

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	146,803	172,709
		146,803	172,709
Current assets
Debtors	3	28,751	39,479
Cash at bank and in hand		68,347	76,684
		97,098	116,163
Creditors: amounts falling due within one year	4	(108,406)	(127,472)
Net current assets (liabilities)		(11,308)	(11,309)
Total assets less current liabilities		135,495	161,400
Creditors: amounts falling due after more than one year	4	(85,015)	(158,247)
Total net assets (liabilities)		50,480	3,153
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		50,380	3,053
Shareholders' funds		50,480	3,153

For the year ending 30 November 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 11 August 2016

And signed on their behalf by:
Robert Duffield, Director

BRITANNICA LIMITED Registered Number 03667429

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 December 2014	387,496
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	387,496
Depreciation
At 1 December 2014	214,787
Charge for the year	25,906
On disposals	-
At 30 November 2015	240,693
Net book values
At 30 November 2015	146,803
At 30 November 2014	172,709

3Debtors

The figure of £28,751 represents Trade Debtors (£39,479 in 2014)

4Creditors

	2015 £	2014 £
Secured Debts	35,810	41,392

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100