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REGISTERED NUMBER: 05061519 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Break Point Limited

Break Point Limited (Registered number: 05061519)






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


Break Point Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: A S Rakhra
P K Rakhra





SECRETARY: P K Rakhra





REGISTERED OFFICE: 43 Camp Road
Gerrards Cross
Buckinghamshire
SL9 7PG





REGISTERED NUMBER: 05061519 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

Break Point Limited (Registered number: 05061519)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 95,640 119,550
Tangible assets 5 442,562 119,184
Investment property 6 - 950,000
538,202 1,188,734

CURRENT ASSETS
Stocks 394,385 257,055
Debtors 7 381,844 303,150
Cash at bank and in hand 385,717 111,826
1,161,946 672,031
CREDITORS
Amounts falling due within one year 8 790,200 579,407
NET CURRENT ASSETS 371,746 92,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

909,948

1,281,358

CREDITORS
Amounts falling due after more than one year 9 (181,040 ) (466,855 )

PROVISIONS FOR LIABILITIES (94,840 ) (82,764 )
NET ASSETS 634,068 731,739

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 633,968 731,639
SHAREHOLDERS' FUNDS 634,068 731,739

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 directors acknowledge their 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.

Break Point Limited (Registered number: 05061519)

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





A S Rakhra - Director


Break Point Limited (Registered number: 05061519)

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

1. STATUTORY INFORMATION

Break Point 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with acquisition of business in 2007 and in 2018, is now being amortised over its useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Break Point Limited (Registered number: 05061519)

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

2. ACCOUNTING POLICIES - continued
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 finance lease agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at
their fair value. The capital element of the future payments is treated as a liability and the interest is
charged to the profit and loss account on a reducing balance basis.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 510,308
AMORTISATION
At 1 May 2023 390,758
Charge for year 23,910
At 30 April 2024 414,668
NET BOOK VALUE
At 30 April 2024 95,640
At 30 April 2023 119,550

Break Point Limited (Registered number: 05061519)

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

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Goodwill
£   
Valuation in 2015 (119,000 )
Cost 629,308
510,308

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 5,982 501,325 507,307
Additions - 406,094 406,094
At 30 April 2024 5,982 907,419 913,401
DEPRECIATION
At 1 May 2023 5,982 382,141 388,123
Charge for year - 82,716 82,716
At 30 April 2024 5,982 464,857 470,839
NET BOOK VALUE
At 30 April 2024 - 442,562 442,562
At 30 April 2023 - 119,184 119,184

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 950,000
Disposals (950,000 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 950,000

Break Point Limited (Registered number: 05061519)

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

6. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 228,645
Valuation in 2022 130,000
358,645

The investment property was revalued by the directors to its market value on 30 April 2022.

7. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 49,615 -
Other debtors 86,042 151,903
135,657 151,903

Amounts falling due after more than one year:
Other debtors 246,187 151,247

Aggregate amounts 381,844 303,150

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 75,496 173,591
Hire purchase contracts 125,865 -
Trade creditors 256,066 131,671
Taxation and social security 70,407 68,526
Other creditors 262,366 205,619
790,200 579,407

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 93,406 466,855
Hire purchase contracts 87,634 -
181,040 466,855

Break Point Limited (Registered number: 05061519)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 37,652 17,627
Bank loans 131,250 622,819
168,902 640,446

The bank loans are secured on the freehold investment property of the company and the short lease hold shops of the company.

11. RELATED PARTY DISCLOSURES

At the year end, other debtors due after more than one year include a loan of £140,911 (2023 - £140,911) from a company under the common control of the directors. Te loan is interest free and does not have a fixed date for repayment.

At the year end, other creditors include amount of £167,593 (2023 amounts due of £153,903) due from a Company under common control of directors. The loans are interest free and do not have a fixed date for repayment.

The creditors due within one year include £11,339 (2023-£1,519) due to the the directors. The loan is interest free.