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REGISTERED NUMBER: 06883273 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BREAKTIME GROUP LTD

BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREAKTIME GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J M Kears





REGISTERED OFFICE: Unit 3 Brewery Close
Melmerby
RIPON
North Yorkshire
HG4 5NL





REGISTERED NUMBER: 06883273 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 68,595 76,780
Tangible assets 5 601,111 606,524
669,706 683,304

CURRENT ASSETS
Stocks 109,962 122,527
Debtors 6 302,835 215,158
Cash at bank and in hand 70,397 99,858
483,194 437,543
CREDITORS
Amounts falling due within one year 7 709,231 552,220
NET CURRENT LIABILITIES (226,037 ) (114,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,669

568,627

CREDITORS
Amounts falling due after more than one
year

8

267,528

420,540
NET ASSETS 176,141 148,087

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 176,131 148,077
SHAREHOLDERS' FUNDS 176,141 148,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





J M Kears - Director


BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Breaktime Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax, in relation to the sale of vending machines and related products.

Goodwill
Goodwill was acquired in 2009, 2011 and 2017. All goodwill is written off over its estimated economic useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
On site equipment - 10% on reducing balance
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to statement of income and retained earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023 127,160 17,333 144,493
Additions - 2,050 2,050
At 30 June 2024 127,160 19,383 146,543
AMORTISATION
At 1 July 2023 60,779 6,934 67,713
Charge for year 6,358 3,877 10,235
At 30 June 2024 67,137 10,811 77,948
NET BOOK VALUE
At 30 June 2024 60,023 8,572 68,595
At 30 June 2023 66,381 10,399 76,780

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,111,653
Additions 147,685
Disposals (77,985 )
At 30 June 2024 1,181,353
DEPRECIATION
At 1 July 2023 505,129
Charge for year 80,945
Eliminated on disposal (5,832 )
At 30 June 2024 580,242
NET BOOK VALUE
At 30 June 2024 601,111
At 30 June 2023 606,524

The net book value of tangible fixed assets includes £162,493 (2023 : £158,056) in respect of assets held under finance leases or hire purchase contracts.

BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 153,976 74,979
Other debtors 148,859 140,179
302,835 215,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 101,233 104,456
Hire purchase contracts 67,271 49,546
Trade creditors 350,493 245,126
Taxation and social security 74,876 61,635
Other creditors 115,358 91,457
709,231 552,220

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 135,173 236,920
Hire purchase contracts 82,255 106,720
Other creditors 50,100 76,900
267,528 420,540

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 149,526 156,266
Other loans 74,400 99,200
Factoring account 76,405 44,521
300,331 299,987

The Investacc loan, invoice financing and overdraft are secured by way of legal charges on the leasehold premises that are occupied by the company and the personal guarantee of Mr J Kears.

The obligations under hire purchase agreements are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
10 Ordinary £1 10 10

BREAKTIME GROUP LTD (REGISTERED NUMBER: 06883273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
J M Kears
Balance outstanding at start of year 59,782 176,459
Amounts advanced 33,577 26,888
Amounts repaid - (143,565 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,359 59,782