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REGISTERED NUMBER: 04738497 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

ACHIEVE BREAKTHROUGH LIMITED

ACHIEVE BREAKTHROUGH LIMITED (REGISTERED NUMBER: 04738497)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACHIEVE BREAKTHROUGH LIMITED

Company Information
for the year ended 30 April 2024







DIRECTOR: M J S Straw





REGISTERED OFFICE: The West Barn
Sulis Down Business Village
Southstoke
Bath
BA2 7PQ





REGISTERED NUMBER: 04738497 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

ACHIEVE BREAKTHROUGH LIMITED (REGISTERED NUMBER: 04738497)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,135 94,090

CURRENT ASSETS
Stocks 29,798 47,240
Debtors 5 1,440,420 1,546,696
Cash at bank 1,248,332 2,629,932
2,718,550 4,223,868
CREDITORS
Amounts falling due within one year 6 730,296 939,592
NET CURRENT ASSETS 1,988,254 3,284,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,065,389

3,378,366

CREDITORS
Amounts falling due after more than one
year

7

35,209

40,319
NET ASSETS 2,030,180 3,338,047

CAPITAL AND RESERVES
Called up share capital 8 154 101
Share premium 176,111 4,109
Retained earnings 1,853,915 3,333,837
SHAREHOLDERS' FUNDS 2,030,180 3,338,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ACHIEVE BREAKTHROUGH LIMITED (REGISTERED NUMBER: 04738497)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





M J S Straw - Director


ACHIEVE BREAKTHROUGH LIMITED (REGISTERED NUMBER: 04738497)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Achieve Breakthrough Limited 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 25% 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 Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ACHIEVE BREAKTHROUGH LIMITED (REGISTERED NUMBER: 04738497)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 May 2023 31,015 86,545 73,895 191,455
Additions 6,102 - 9,587 15,689
Disposals - (27,360 ) (13,752 ) (41,112 )
At 30 April 2024 37,117 59,185 69,730 166,032
DEPRECIATION
At 1 May 2023 18,146 45,237 33,982 97,365
Charge for year 4,063 10,327 11,574 25,964
Eliminated on disposal - (24,469 ) (9,963 ) (34,432 )
At 30 April 2024 22,209 31,095 35,593 88,897
NET BOOK VALUE
At 30 April 2024 14,908 28,090 34,137 77,135
At 30 April 2023 12,869 41,308 39,913 94,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,413,315 1,536,992
Other debtors 27,105 9,704
1,440,420 1,546,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,110 5,110
Trade creditors 66,682 142,937
Taxation and social security 342,417 240,043
Other creditors 316,087 551,502
730,296 939,592

ACHIEVE BREAKTHROUGH LIMITED (REGISTERED NUMBER: 04738497)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 35,209 40,319

Hire Purchase liabilities are secured by the assets to which they relate.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 A Ordinary 0.01 100 100
4,286 B Ordinary 0.01 43 1
1,072 C Ordinary 0.01 11 -
154 101

On 1st November 2023, the Subscribers to the B ordinary shares alloted and paid an amount of £35.59 per share giving rise to the share premium account of £148,937.

On 1st November 2023, the Subscribers to the C ordinary shares alloted and paid an amount of £22.04 per share giving rise to the share premium account of £23,065.

Once the B and C shares were allotted they were then sold, along with the A shares, to Achieve Breakthrough Trustees Limited.

Each holder of A ordinary shares shall have two votes for each A ordinary share held. Dividends shall be applied as between the A ordinary shares, B ordinary shares and C ordinary shares in such amounts and in such manner as recommended by the board of directors. The capital rights are that the first £1.5m will be allocated to the holders of the A ordinary shares, the next £600,000 to the A ordinary shares and B ordinary shares and the balance to the B ordinary shares, C ordinary shares and A ordinary shares.