Company Registration No. 11227200 (England and Wales)
BREEDR LIMITED
Unaudited accounts
for the year ended 31 December 2020
BREEDR LIMITED
Unaudited accounts
Contents
BREEDR LIMITED
Company Information
for the year ended 31 December 2020
Director
Ian Geoffrey Wheal
Company Number
11227200 (England and Wales)
Registered Office
4 WATERSTONE CLOSE
ITCHENOR
CHICHESTER
PO20 7BP
UNITED KINGDOM
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
BREEDR LIMITED
Statement of financial position
as at 31 December 2020
Tangible assets
59,766
24,347
Cash at bank and in hand
1,681,193
978,036
Creditors: amounts falling due within one year
(167,906)
(88,003)
Net current assets
1,936,609
1,154,430
Net assets
1,996,375
1,178,777
Called up share capital
1,839
1,839
Share premium
5,307,453
2,409,590
Profit and loss account
(3,312,917)
(1,232,652)
Shareholders' funds
1,996,375
1,178,777
For the year ending 31 December 2020 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 director acknowledges his 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 and authorised for issue on 24 June 2021 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 2020
BREEDR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11227200. The registered office is 4 WATERSTONE CLOSE, ITCHENOR, CHICHESTER, PO20 7BP, UNITED KINGDOM.
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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.
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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
16,770
1,678
12,986
31,434
Additions
13,583
455
42,929
56,967
At 31 December 2020
30,353
2,133
55,915
88,401
At 1 January 2020
2,984
327
3,776
7,087
Charge for the year
5,526
447
15,575
21,548
At 31 December 2020
8,510
774
19,351
28,635
At 31 December 2020
21,843
1,359
36,564
59,766
At 31 December 2019
13,786
1,351
9,210
24,347
BREEDR LIMITED
Notes to the Accounts
for the year ended 31 December 2020
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Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
35,227
24,872
Other debtors
222,621
239,525
Debtors: amounts falling due after more than one year
Accrued income and prepayments
109,400
-
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Creditors: amounts falling due within one year
2020
2019
Trade creditors
78,209
66,552
Taxes and social security
55,013
12,195
Other creditors
7,846
1,924
Allotted, called up and fully paid:
183,872 Ordinary shares of £0.01 each
1,838.72
1,838.72
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Average number of employees
During the year the average number of employees was 20 (2019: 6).
