ACCOUNTS - Final Accounts preparation

Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

Company registration number: 03641792

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	BREAKTHROUGH CHANGE MANAGEMENT LIMITED


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

COMPANY INFORMATION

Directors	J Walsh
	K Walsh


Company secretary	K Walsh


Registered number	03641792


Registered office	86-90 Paul Street
	London
	EC2A 4NE


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


BREAKTHROUGH CHANGE MANAGEMENT LIMITED REGISTERED NUMBER:03641792

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		92,934		45,137
			92,934		45,137
Current assets
Debtors: amounts falling due within one year	5	72,371		25,329
Bank and cash balances		80,417		96,556
		152,788		121,885
Creditors: amounts falling due within one year	6	(143,709)		(134,442)
Net current assets/(liabilities)			9,079		(12,557)
Total assets less current liabilities			102,013		32,580
Creditors: amounts falling due after more than one year	7		(34,038)		(14,166)
Provisions for liabilities
Deferred tax		(21,127)		(9,565)
			(21,127)		(9,565)
Net assets			46,848		8,849

Capital and reserves
Called up share capital	100	100
Profit and loss account	46,748	8,749
	46,848	8,849

Page 1


BREAKTHROUGH CHANGE MANAGEMENT LIMITED REGISTERED NUMBER:03641792

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

___________________________

J Walsh

Director

Date: 17 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Breakthrough Change Management 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Motor vehicles	-	25%	on cost
Fixtures and fittings	-	20%	on cost
Improvements to property	-	2%	on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 4


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Property improvement	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	-	98,097	28,608	126,705
Additions	47,000	5,148	5,893	58,041
At 31 December 2024	47,000	103,245	34,501	184,746
Depreciation
At 1 January 2024	-	80,615	953	81,568
Charge for the year on owned assets	-	5,497	830	6,327
Charge for the year on financed assets	3,917	-	-	3,917
At 31 December 2024	3,917	86,112	1,783	91,812
Net book value
At 31 December 2024	43,083	17,133	32,718	92,934
At 31 December 2023	-	17,482	27,655	45,137

Debtors

					2024	2023
					£	£


Trade debtors	34,891	20,799
Other debtors	37,480	-
Tax recoverable	-	4,530
	72,371	25,329

Page 5


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	428	20,640
Bank loans	10,000	10,000
Trade creditors	3,633	4,081
Corporation tax	99,731	84,851
Other taxation and social security	20,618	12,643
Obligations under finance lease and hire purchase contracts	7,799	-
Other creditors	-	727
Accruals and deferred income	1,500	1,500
	143,709	134,442

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	10,000	10,000
	10,000	10,000

Details of security provided:

The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.

Page 6


BREAKTHROUGH CHANGE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	4,787	14,166
Obligations under finance lease and hire purchase contracts	29,251	-
	34,038	14,166

The following liabilities were secured:
	2024	2023
	£	£


Bank loans	4,787	14,166
	4,787	14,166

Details of security provided:

The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.

Within one year	7,799	-
Between 1-5 years	29,251	-
	37,050	-

9.	Transactions with directors

At the balance sheet date the directors owed £37,480 to the company (2023: £727 owed from the company to the directors). The balance can be found within debtors due within one year and was repaid after the year end. No interest is being charged on this balance.

Page 7