Company Registration No. 11227200 (England and Wales)
BREEDR LIMITED
Unaudited accounts
for the year ended 31 December 2021
BREEDR LIMITED
Unaudited accounts
Contents
BREEDR LIMITED
Company Information
for the year ended 31 December 2021
Directors
Ian Geoffrey Wheal
Anthony Oliver Richard Hogg
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 2021
Tangible assets
53,787
59,766
Cash at bank and in hand
1,574,066
1,681,193
Creditors: amounts falling due within one year
(388,726)
(167,906)
Net current assets
1,916,786
1,936,609
Total assets less current liabilities
1,970,573
1,996,375
Creditors: amounts falling due after more than one year
(569,610)
-
Net assets
1,400,963
1,996,375
Called up share capital
3,180
1,839
Share premium
7,709,514
5,307,453
Profit and loss account
(6,311,731)
(3,312,917)
Shareholders' funds
1,400,963
1,996,375
For the year ending 31 December 2021 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 30 June 2022 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 2021
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.
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 2021
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
30,353
2,133
55,915
88,401
Additions
11,741
702
21,842
34,285
Disposals
-
-
(6,810)
(6,810)
At 31 December 2021
42,094
2,835
70,947
115,876
At 1 January 2021
8,510
774
19,351
28,635
Charge for the year
8,969
626
28,845
38,440
On disposals
-
-
(4,986)
(4,986)
At 31 December 2021
17,479
1,400
43,210
62,089
At 31 December 2021
24,615
1,435
27,737
53,787
At 31 December 2020
21,843
1,359
36,564
59,766
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
19,230
6,521
Accrued income and prepayments
54,169
35,227
Other debtors
640,422
222,621
Debtors: amounts falling due after more than one year
Accrued income and prepayments
-
109,400
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
136
-
Trade creditors
116,045
78,209
Taxes and social security
88,355
55,013
Other creditors
45,984
7,846
Loans from directors
-
42
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 28 (2020: 20).