Company Registration No. 11227200 (England and Wales)
BREEDR LIMITED
Unaudited accounts
for the year ended 31 December 2022
BREEDR LIMITED
Unaudited accounts
Contents
BREEDR LIMITED
Company Information
for the year ended 31 December 2022
Directors
Ian Geoffrey Wheal
Anthony Oliver Richard Hogg
Company Number
11227200 (England and Wales)
Registered Office
1 Lincoln House
City Fields Way
Tangmere
West Sussex
PO20 2FS
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
BREEDR LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
29,140
53,787
Cash at bank and in hand
577,589
1,574,066
Creditors: amounts falling due within one year
(345,123)
(388,726)
Net current assets
803,044
1,916,786
Total assets less current liabilities
832,184
1,970,573
Creditors: amounts falling due after more than one year
(1,555,054)
(569,610)
Net (liabilities)/assets
(722,870)
1,400,963
Called up share capital
3,145
3,180
Share premium
7,757,549
7,709,514
Profit and loss account
(8,483,564)
(6,311,731)
Shareholders' funds
(722,870)
1,400,963
For the year ending 31 December 2022 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 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 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 of Directors and authorised for issue on 24 July 2023 and were signed on its behalf by
Ian Geoffrey Wheal
Director
Company Registration No. 11227200
BREEDR LIMITED
Notes to the Accounts
for the year ended 31 December 2022
BREEDR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11227200. The registered office is 1 Lincoln House, City Fields Way, Tangmere, West Sussex, PO20 2FS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
50% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
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.
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.
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.
BREEDR LIMITED
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
42,094
2,835
70,947
115,876
Additions
2,620
1,328
8,653
12,601
Disposals
(805)
-
(2,681)
(3,486)
At 31 December 2022
43,909
4,163
76,919
124,991
At 1 January 2022
17,479
1,400
43,210
62,089
Charge for the year
10,308
810
23,950
35,068
On disposals
(17)
-
(1,289)
(1,306)
At 31 December 2022
27,770
2,210
65,871
95,851
At 31 December 2022
16,139
1,953
11,048
29,140
At 31 December 2021
24,615
1,435
27,737
53,787
Amounts falling due within one year
Trade debtors
20,025
19,230
Accrued income and prepayments
20,919
54,169
Other debtors
517,766
640,422
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
62,467
136
Trade creditors
84,281
116,045
Taxes and social security
84,325
88,355
Other creditors
114,050
45,984
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Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,555,054
569,610
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Average number of employees
During the year the average number of employees was 28 (2021: 28).