| Brittannia Textile Printers (Leicester) Limited |
| Registered number: |
02170810 |
| Abbreviated Balance Sheet |
| as at 28 February 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
123,433 |
|
|
125,150 |
|
| Current assets |
| Stocks |
|
|
141,911 |
|
|
98,308 |
| Debtors |
|
|
1,864,560 |
|
|
2,113,650 |
| Cash at bank and in hand |
|
|
22 |
|
|
212,202 |
|
|
|
2,006,493 |
|
|
2,424,160 |
|
| Creditors: amounts falling due within one year |
|
|
(986,458) |
|
|
(1,218,949) |
|
| Net current assets |
|
|
|
1,020,035 |
|
|
1,205,211 |
|
| Total assets less current liabilities |
|
|
|
1,143,468 |
|
|
1,330,361 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(585,226) |
|
|
(711,866) |
|
| Provisions for liabilities |
|
|
|
(20,023) |
|
|
(19,306) |
|
|
| Net assets |
|
|
|
538,219 |
|
|
599,189 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
200,000 |
|
|
200,000 |
| Capital redemption reserve |
|
|
|
200,000 |
|
|
200,000 |
| Profit and loss account |
|
|
|
138,219 |
|
|
199,189 |
|
| Shareholders' funds |
|
|
|
538,219 |
|
|
599,189 |
|
|
|
|
|
|
|
|
| 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. |
| Members have 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Y A Mahomed |
| Director |
| Approved by the board on 15 September 2014 |
|
| Brittannia Textile Printers (Leicester) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 28 February 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and office equipment |
15-16% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Leasing and hire purchase commitments |
|
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2013 |
2,424,218 |
|
Additions |
19,002 |
|
Disposals |
(7,900) |
|
At 28 February 2014 |
2,435,320 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2013 |
2,299,068 |
|
Charge for the year |
19,664 |
|
On disposals |
(6,845) |
|
At 28 February 2014 |
2,311,887 |
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2014 |
123,433 |
|
At 28 February 2013 |
125,150 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans and overdraft |
1,090,371 |
|
1,190,191 |
|
|
|
|
|
|
|
|
|
| 4 |
Related party transactions |
|
|
At the year end, £1,209,369 (2013: £1,459,372) was due from the parent undertaking, Brittannia Holdings (UK) Limited, in which Y A Mahomed is also a director. Rent of £90,000 (2013: £90,000) was charged by Brittannia Holdings (UK) Limited during the year in respect of the property occupied by the company. |
|
| 5 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
200,000 |
|
200,000 |
|
200,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Ultimate parent undertaking |
|
The ultimate parent undertaking is Brittannia Holdings (UK) Limited. A company incorporated in Great Britain. |
