Company Registration No. 08083160 (England and Wales)
Breakthrough Advisors Ltd
Unaudited accounts
for the year ended 31 March 2024
Breakthrough Advisors Ltd
Unaudited accounts
Contents
Breakthrough Advisors Ltd
Company Information
for the year ended 31 March 2024
Company Number
08083160 (England and Wales)
Registered Office
256 Tadcaster Road
York
North Yorkshire
YO24 1ES
England
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Breakthrough Advisors Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
716,466
746,441
Creditors: amounts falling due within one year
(15,913)
(28,722)
Net current assets
707,216
723,755
Total assets less current liabilities
709,436
724,280
Provisions for liabilities
Net assets
709,336
724,180
Called up share capital
101
101
Profit and loss account
709,235
724,079
Shareholders' funds
709,336
724,180
For the 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. 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 7 October 2024 and were signed on its behalf by
Mr O Weeks
Director
Company Registration No. 08083160
Breakthrough Advisors Ltd
Notes to the Accounts
for the year ended 31 March 2024
Breakthrough Advisors Ltd is a private company, limited by shares, registered in England and Wales, registration number 08083160. The registered office is 256 Tadcaster Road, York, North Yorkshire, YO24 1ES, England.
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.
The accounts are presented in £ sterling.
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:
Computer equipment
33% on a reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
3,382
1,531
4,913
At 31 March 2024
3,382
3,383
6,765
At 1 April 2023
3,382
1,006
4,388
Charge for the year
-
157
157
At 31 March 2024
3,382
1,163
4,545
At 31 March 2024
-
2,220
2,220
At 31 March 2023
-
525
525
Breakthrough Advisors Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,458
21,358
Loans from directors
4,151
3,631
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).