Company Registration No. 11227200 (England and Wales)
BREEDR LIMITED
Unaudited accounts
for the year ended 31 December 2024
BREEDR LIMITED
Unaudited accounts
Contents
BREEDR LIMITED
Company Information
for the year ended 31 December 2024
Directors
Ian Geoffrey Wheal
Anthony Oliver Richard Hogg
Company Number
11227200 (England and Wales)
Registered Office
1 Lincoln House
City Fields Way
Tangmere
West Sussex
PO20 2FS
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
BREEDR LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
17,578
26,951
Cash at bank and in hand
133,748
93,478
Creditors: amounts falling due within one year
(2,989,459)
(1,970,904)
Net current liabilities
(1,897,172)
(677,752)
Net liabilities
(1,879,594)
(650,801)
Called up share capital
3,145
3,145
Share premium
9,437,973
9,437,973
Profit and loss account
(11,320,712)
(10,091,919)
Shareholders' funds
(1,879,594)
(650,801)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Ian Geoffrey Wheal
Director
Company Registration No. 11227200
BREEDR LIMITED
Notes to the Accounts
for the year ended 31 December 2024
BREEDR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11227200. The registered office is 1 Lincoln House, City Fields Way, Tangmere, West Sussex, PO20 2FS.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
50% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
BREEDR LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
43,909
4,648
98,037
146,594
Additions
1,617
1,938
9,854
13,409
At 31 December 2024
45,526
6,586
107,891
160,003
At 1 January 2024
36,235
2,731
80,677
119,643
Charge for the year
5,861
589
16,332
22,782
At 31 December 2024
42,096
3,320
97,009
142,425
At 31 December 2024
3,430
3,266
10,882
17,578
At 31 December 2023
7,674
1,917
17,360
26,951
Amounts falling due within one year
Trade debtors
145,918
26,634
Amounts due from group undertakings etc.
714,917
1,018,017
Accrued income and prepayments
16,733
28,905
Other debtors
80,971
126,118
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
51,880
152,979
Amounts owed to group undertakings and other participating interests
2,612,171
1,674,849
Taxes and social security
149,384
(6,214)
Other creditors
175,024
133,372
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Average number of employees
During the year the average number of employees was 20 (2023: 26).