Business Breakthrough Limited - Period Ending 2016-04-30

Registration number: 09019877

Business Breakthrough Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Business Breakthrough Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Business Breakthrough Limited
(Registration number: 09019877)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					365			383
Current assets
Debtors					-			15,300
Cash at bank and in hand					69,220			83,477
					69,220			98,777
Creditors: Amounts falling due within one year					(29,163)			(28,715)
Net current assets					40,057			70,062
Total assets less current liabilities					40,422			70,445
Provisions for liabilities					(73)			(77)
Net assets					40,349			70,368
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					40,249			70,268
Shareholders' funds					40,349			70,368

For the year ending 30 April 2016 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 12 July 2016 and signed on its behalf by:

.........................................
Mr Paul William Baker
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Business Breakthrough Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is charged on fixed assets on the following basis:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Office equipment	25% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Business Breakthrough Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		511			511
Additions		104			104
At 30 April 2016		615			615
Depreciation
At 1 May 2015		128			128
Charge for the year		122			122
At 30 April 2016		250			250
Net book value
At 30 April 2016		365			365
At 30 April 2015		383			383

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3