Breatheazy Limited 04803633 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is supplying respiratory equipment to the veterinary sector. Digita Accounts Production Advanced 6.30.9574.0 true 04803633 2023-04-01 2024-03-31 04803633 2024-03-31 04803633 core:RetainedEarningsAccumulatedLosses 2024-03-31 04803633 core:ShareCapital 2024-03-31 04803633 core:CurrentFinancialInstruments 2024-03-31 04803633 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04803633 core:FurnitureFittingsToolsEquipment 2024-03-31 04803633 1 2024-03-31 04803633 bus:SmallEntities 2023-04-01 2024-03-31 04803633 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04803633 bus:FilletedAccounts 2023-04-01 2024-03-31 04803633 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04803633 bus:RegisteredOffice 2023-04-01 2024-03-31 04803633 bus:Director2 2023-04-01 2024-03-31 04803633 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04803633 core:ComputerEquipment 2023-04-01 2024-03-31 04803633 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04803633 core:OfficeEquipment 2023-04-01 2024-03-31 04803633 countries:UnitedKingdom 2023-04-01 2024-03-31 04803633 1 2023-04-01 2024-03-31 04803633 2023-03-31 04803633 core:FurnitureFittingsToolsEquipment 2023-03-31 04803633 1 2023-03-31 04803633 2022-04-01 2023-03-31 04803633 2023-03-31 04803633 core:RetainedEarningsAccumulatedLosses 2023-03-31 04803633 core:ShareCapital 2023-03-31 04803633 core:CurrentFinancialInstruments 2023-03-31 04803633 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04803633 core:FurnitureFittingsToolsEquipment 2023-03-31 04803633 1 2023-03-31 04803633 1 2022-04-01 2023-03-31 04803633 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04803633

Breatheazy Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Breatheazy Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Breatheazy Limited

Company Information

Director

Mr J A Slattery

Registered office

154 Worcester Road
Malvern
Worcs
WR14 1AA

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Breatheazy Limited

(Registration number: 04803633)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,789

1,394

Current assets

 

Stocks

5

60,000

45,000

Debtors

6

139,780

66,301

Cash at bank and in hand

 

86,390

36,153

 

286,170

147,454

Creditors: Amounts falling due within one year

7

(142,229)

(86,748)

Net current assets

 

143,941

60,706

Net assets

 

145,730

62,100

Capital and reserves

 

Called up share capital

50

50

Retained earnings

145,680

62,050

Shareholders' funds

 

145,730

62,100

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 August 2024
 

.........................................
Mr J A Slattery
Director

   
     
 

Breatheazy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
154 Worcester Road
Malvern
Worcs
WR14 1AA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Breatheazy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on reducing balance

Office equipment

33.3% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Breatheazy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

7,255

7,255

Additions

1,232

1,232

At 31 March 2024

8,487

8,487

Depreciation

At 1 April 2023

5,861

5,861

Charge for the year

837

837

At 31 March 2024

6,698

6,698

Carrying amount

At 31 March 2024

1,789

1,789

At 31 March 2023

1,394

1,394

5

Stocks

2024
£

2023
£

Other inventories

60,000

45,000

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

20,810

26,783

Amounts owed by related parties

8

84,760

34,500

Prepayments

 

-

168

Other debtors

 

34,210

4,850

   

139,780

66,301

 

Breatheazy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

67,676

53,842

Taxation and social security

70,620

29,073

Accruals and deferred income

3,933

3,833

142,229

86,748

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr J A Slattery

34,500

53,695

(3,435)

84,760

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr J A Slattery

24,604

23,124

(13,229)

34,500