Breakaway Tackle Development Co.Limited Filleted accounts for Companies House (small and micro)

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
	-------	------