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Company Registration No. SC679535 (Scotland)
BREAKOUT DEALS LIMITED Unaudited accounts for the year ended 31 January 2026
BREAKOUT DEALS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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BREAKOUT DEALS LIMITED Company Information for the year ended 31 January 2026
Director
Salman Shahid
Company Number
SC679535 (Scotland)
Registered Office
282 Mill Road Cambuslang South Lanarkshire G72 7YQ United Kingdom
Accountants
AMS Accounting Services Ltd Chartered Certified Accountants 13 Corrie Crescent Newton Mearns Glasgow United Kingdom G77 5XP
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BREAKOUT DEALS LIMITED Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
510
600
Current assets
Inventories
774
3,669
Debtors
5
86
1,487
Cash at bank and in hand
127
5,396
987
10,552
Creditors: amounts falling due within one year
6
(18,303)
(23,416)
Net current liabilities
(17,316)
(12,864)
Net liabilities
(16,806)
(12,264)
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss account
(21,806)
(17,264)
Shareholders' funds
(16,806)
(12,264)
For the year ending 31 January 2026 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 director acknowledges his 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 and authorised for issue on 12 August 2026 and were signed on its behalf by
Salman Shahid Director Company Registration No. SC679535
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BREAKOUT DEALS LIMITED Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
BREAKOUT DEALS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC679535. The registered office is 282 Mill Road, Cambuslang, South Lanarkshire, G72 7YQ, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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BREAKOUT DEALS LIMITED Notes to the Accounts for the year ended 31 January 2026
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Bounce Back loans
Under this scheme, business can access finance to maximum amount of 50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months, the interest is capped at 2.5% per year.
Government grants
Government grants in relation to COVID-19 which becomes receivable as compensation for losses or expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in income in the period in which it becomes receivable.
Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme relates to staff who have been furloughed due to Covid-19. The grant is recognised within income and is not offset against expenditure (eg payroll cost) in profit or loss. CJRS grant is taxable income and hence is brought into tax computation as such. Where a CJRS grant is receivable by the reporting date but has not been received, a debtor balance is recognised.
Business rates relief
Business rates relief is not a government grant and hence FRS102, Section 24 and FRS 105, Section 19 will not apply. Where an entity has taken advantage off the business rates relief, it will be treated as an absent cost and profit or loss charge will be reduced for the period of the relief.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2025
550
600
1,150
At 31 January 2026
550
600
1,150
Depreciation
At 1 February 2025
263
287
550
Charge for the year
43
47
90
At 31 January 2026
306
334
640
Net book value
At 31 January 2026
244
266
510
At 31 January 2025
287
313
600
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
86
1,487
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BREAKOUT DEALS LIMITED Notes to the Accounts for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
491
1,442
Other creditors
415
2,901
Loans from directors
16,997
18,573
Accruals
400
500
18,303
23,416
7
Transactions with related parties
The company owes Mr Salman Shahid, a director, an amount of £16,997 (2025: £18,573) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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