Registered number |
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Registered number: |
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Balance Sheet | |||||||
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2018 | |||||||
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
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210,642 | |||||||
Creditors: amounts falling due within one year | ( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | ( |
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Accruals and deferred income | ( |
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Net liabilities | ( |
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Capital and reserves | ( |
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Number | |||||||
Average number of employees | 5 | ||||||
The figure of £173,914 for creditors due after one year relates in its entirety to in-kind start-up costs incurred by a third party prior to the incorporation of Brakkn Limited. This liability is conditionally repayable to the third party. The terms of payment of these costs are governed by a service agreement which provides inter alia that: 1) Brakkn Limited has to achieve a minimum level of gross profitability before any of the cost of the Services Agreement becomes payable, and 2) In the event that either this level of profitability is not achieved or that Brakkn Limited ceases to trade, the Services Agreement will not become payable. The Directors are of the opinion that it is likely that by September 2020, Brakkn Limited will be in a position to commence payments. Subject to the above, the directors have confirmed the company is a going concern and have agreed to support the company for a further 12 months following approval of the accounts. |
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The company is a private company limited by shares and incorporated in England. Its registered office is Unit 3 Vista Place, Coy Pond Business Park, Ingworth Road, Poole, Dorset, BH12 1JY. | |||||||
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Mr J Fletcher | |||||||
Director | |||||||
Approved by the board on |