Breaking The Shell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06378122 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Breaking The Shell Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B P Taylor

Miss N Sears

REGISTERED OFFICE:

20 Evesham Way

Battersea

London

SW11 5QX

REGISTERED NUMBER:

06378122 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Intangible assets

4

250

500

Property, plant and equipment

5

1,427

2,675

1,677

3,175

CURRENT ASSETS

Debtors

6

24,287

6,588

Cash at bank

63,814

40,417

88,101

47,005

CREDITORS

Amounts falling due within one year

7

77,031

78,948

NET CURRENT ASSETS/(LIABILITIES)

11,070

(31,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,747

(28,768

)

PROVISIONS FOR LIABILITIES

271

-

NET ASSETS/(LIABILITIES)

12,476

(28,768

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

12,474

(28,770

)

SHAREHOLDERS' FUNDS

12,476

(28,768

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 February 2019 and were signed on its behalf by:

Mr B P Taylor - Director

1.	STATUTORY INFORMATION

Breaking The Shell 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2017

and 30 September 2018

2,500

AMORTISATION

At 1 October 2017

2,000

Amortisation for year

250

At 30 September 2018

2,250

NET BOOK VALUE

At 30 September 2018

250

At 30 September 2017

500

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2017

and 30 September 2018

9,328

4,312

13,640

DEPRECIATION

At 1 October 2017

7,546

3,419

10,965

Charge for year

445

803

1,248

At 30 September 2018

7,991

4,222

12,213

NET BOOK VALUE

At 30 September 2018

1,337

90

1,427

At 30 September 2017

1,782

893

2,675

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade Debtors

24,087

6,375

Other debtors

200

200

Prepayments

-

13

24,287

6,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Tax

2,772

1

Directors' current accounts

73,779

78,467

Accrued expenses

480

480

77,031

78,948

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.18

30.9.17

value:

£

£

2

Ordinary

£1.00

2

2

9.	ULTIMATE CONTROLLING PARTY

By way of their equal shareholding, Mr and Mrs Taylor share ultimate control of the company.