7 false false false false false false false false false false true false false false false false false 2025-04-01 Sage Accounts Production Advanced 2025 - FRS102_2025 16,000 3,467 3,200 6,667 9,333 12,533 400,000 400,000 400,000 xbrli:pure xbrli:shares iso4217:GBP 01052487 2025-04-01 2026-03-31 01052487 2026-03-31 01052487 2025-03-31 01052487 2024-04-01 2025-03-31 01052487 2025-03-31 01052487 2024-03-31 01052487 core:FurnitureFittings 2025-04-01 2026-03-31 01052487 bus:Director1 2025-04-01 2026-03-31 01052487 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01052487 core:PlantMachinery 2025-03-31 01052487 core:FurnitureFittings 2025-03-31 01052487 core:LandBuildings core:OwnedOrFreeholdAssets 2026-03-31 01052487 core:PlantMachinery 2026-03-31 01052487 core:FurnitureFittings 2026-03-31 01052487 core:WithinOneYear 2026-03-31 01052487 core:WithinOneYear 2025-03-31 01052487 core:ShareCapital 2026-03-31 01052487 core:ShareCapital 2025-03-31 01052487 core:RevaluationReserve 2026-03-31 01052487 core:RevaluationReserve 2025-03-31 01052487 core:CapitalRedemptionReserve 2026-03-31 01052487 core:CapitalRedemptionReserve 2025-03-31 01052487 core:RetainedEarningsAccumulatedLosses 2026-03-31 01052487 core:RetainedEarningsAccumulatedLosses 2025-03-31 01052487 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 01052487 core:PlantMachinery 2025-04-01 2026-03-31 01052487 core:CostValuation core:Non-currentFinancialInstruments 2026-03-31 01052487 core:Non-currentFinancialInstruments 2026-03-31 01052487 core:Non-currentFinancialInstruments 2025-03-31 01052487 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01052487 core:PlantMachinery 2025-03-31 01052487 bus:SmallEntities 2025-04-01 2026-03-31 01052487 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 01052487 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01052487 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01052487 bus:FullAccounts 2025-04-01 2026-03-31 01052487 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 01052487 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 01052487 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 01052487 core:IntangibleAssetsOtherThanGoodwill 2025-03-31
COMPANY REGISTRATION NUMBER: 01052487

Breakaway Tackle Development Co.Limited

Unaudited financial statements

31 March 2026

Breakaway Tackle Development Co.Limited

Statement of financial position

31 March 2026

| 2026 | 2025
Note | £ | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 9,333 |  | 12,533
Tangible assets | 6 |  | 33,740 |  | 36,734
Investments | 7 |  | 400,000 |  | 400,000
|  | --------- |  | ---------
|  | 443,073 |  | 449,267

Current assets

Stocks | 296,917 |  | 276,052 |
Debtors | 8 | 73,448 |  | 62,181 |
Cash at bank and in hand | 102,317 |  | 84,963 |
| --------- |  | --------- |
| 472,682 |  | 423,196 |

Creditors: Amounts falling due within one year | 9 | ( 85,011) |  | ( 73,020) |
| --------- |  | --------- |
Net current assets |  | 387,671 |  | 350,176
|  | --------- |  | ---------
Total assets less current liabilities |  | 830,744 |  | 799,443

Provisions

Taxation including deferred tax |  | ( 66,186) |  | ( 66,424)
|  | --------- |  | ---------
Net assets |  | 764,558 |  | 733,019
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 20 |  | 20
Investment property valuation reserve |  | 294,158 |  | 294,158
Capital redemption reserve |  | 10 |  | 10
Profit and loss account |  | 470,370 |  | 438,831
|  | --------- |  | ---------
Shareholders funds |  | 764,558 |  | 733,019
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Breakaway Tackle Development Co.Limited

Statement of financial position (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 17 July 2026 , and are signed on behalf of the board by:

N W Bickers
Director

Company registration number: 01052487

Breakaway Tackle Development Co.Limited

Notes to the financial statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and principal operating address is 376 Bramford Road, Ipswich, Suffolk, IP1 5AY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity and is rounded to the nearest £.
Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Interest is recognised using the effective interest method in the period to which it relates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Branding | - | 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Land and freehold property | - | Freehold property 2% straight line, land is not depreciated
| Plant and machinery | - | 15% and 25% reducing balance
| Computer equipment | - | 33% straight line
| Fixtures and fittings | - | 25% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investment properties recorded as fixed asset investments are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 7 (2025: 7 ).
5. Intangible assets

| Branding
| £
Cost |
At 1 April 2025 and 31 March 2026 | 16,000
| -------
Amortisation |
At 1 April 2025 | 3,467
Charge for the year | 3,200
| -------
At 31 March 2026 | 6,667
| -------
Carrying amount |
At 31 March 2026 | 9,333
| -------
At 31 March 2025 | 12,533
| -------

6. Tangible assets

| Land and Freehold property | Plant and machinery | Computer equipment | Fixtures and fittings | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2025 and 31 March 2026 | 75,068 | 225,805 | 2,926 | 14,199 | 317,998
| ------- | --------- | ------ | ------- | ---------
Depreciation |  |  |  |  |
At 1 April 2025 | 47,982 | 216,157 | 2,926 | 14,199 | 281,264
Charge for the year | 1,471 | 1,523 | – | – | 2,994
| ------- | --------- | ------ | ------- | ---------
At 31 March 2026 | 49,453 | 217,680 | 2,926 | 14,199 | 284,258
| ------- | --------- | ------ | ------- | ---------
Carrying amount |  |  |  |  |
At 31 March 2026 | 25,615 | 8,125 | – | – | 33,740
| ------- | --------- | ------ | ------- | ---------
At 31 March 2025 | 27,086 | 9,648 | – | – | 36,734
| ------- | --------- | ------ | ------- | ---------

7. Investments

| Investment property
| £
Cost |
At 1 April 2025 and 31 March 2026 | 400,000
| ---------
Impairment |
At 1 April 2025 and 31 March 2026 | –
| ---------

Carrying amount |
At 31 March 2026 | 400,000
| ---------
At 31 March 2025 | 400,000
| ---------

Investments held at valuation
Investment property comprises fishing lakes and the surrounding premises. The fair value of the Company's investment property at 31 March 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.
In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

| Investment property
| £
At 31 March 2026 |
Aggregate cost | 41,200
Aggregate depreciation | –
| -------
Carrying value | 41,200
| -------

At 31 March 2025 |
Aggregate cost | 41,200
Aggregate depreciation | –
| -------
Carrying value | 41,200
| -------

8. Debtors

| 2026 | 2025
| £ | £
Trade debtors | 71,152 | 56,538
Other debtors | 2,296 | 5,643
| ------- | -------
| 73,448 | 62,181
| ------- | -------

9. Creditors: Amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 25,549 | 28,128
Social security and other taxes | 26,732 | 18,326
Other creditors | 32,730 | 26,566
| ------- | -------
| 85,011 | 73,020
| ------- | -------

10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 | 2025
| £ | £
Not later than 1 year | 10,485 | 9,671
| ------- | ------