Registered number
10755242
BREAKTHROUGH CONSULTANTS LIMITD
Filleted Accounts
31 May 2024
BREAKTHROUGH CONSULTANTS LIMITD
Registered number: 10755242
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 86,780 56,622
Cash at bank and in hand 14,895 22,672
101,675 79,294
Creditors: amounts falling due within one year 4 (61,703) (47,465)
Net current assets 39,972 31,829
Net assets 39,972 31,829
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,970 31,827
Shareholder's funds 39,972 31,829
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B BRAKE
Director
Approved by the board on 14 November 2024
BREAKTHROUGH CONSULTANTS LIMITD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised on the date the service is renedered or the invoice date whichever is earliest.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
Excluding Director.
3 Debtors 2024 2023
£ £
Other debtors 86,780 56,622
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,004 13,660
Taxation and social security costs 3,146 7,754
Other creditors 46,553 26,051
61,703 47,465
5 Other information
BREAKTHROUGH CONSULTANTS LIMITD is a private company limited by shares and incorporated in England. Its registered office is:
SUITE F
1-3 CANFIELD PLACE
LONDON
NW6 3BT
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