ACCOUNTS - Final Accounts

BRETEAU EDU LAB LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09043582 2021-01-01 2021-12-31 09043582 2020-01-01 2020-12-31 09043582 2021-12-31 09043582 2020-12-31 09043582 2020-01-01 09043582 c:Director1 2021-01-01 2021-12-31 09043582 d:OfficeEquipment 2021-01-01 2021-12-31 09043582 d:OfficeEquipment 2021-12-31 09043582 d:OfficeEquipment 2020-12-31 09043582 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09043582 d:CurrentFinancialInstruments 2021-12-31 09043582 d:CurrentFinancialInstruments 2020-12-31 09043582 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09043582 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09043582 d:ShareCapital 2021-12-31 09043582 d:ShareCapital 2020-12-31 09043582 d:RetainedEarningsAccumulatedLosses 2021-12-31 09043582 d:RetainedEarningsAccumulatedLosses 2020-12-31 09043582 c:OrdinaryShareClass1 2021-01-01 2021-12-31 09043582 c:OrdinaryShareClass1 2021-12-31 09043582 c:FRS102 2021-01-01 2021-12-31 09043582 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09043582 c:FullAccounts 2021-01-01 2021-12-31 09043582 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09043582 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 09043582 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09043582

BRETEAU EDU LAB LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021


BRETEAU EDU LAB LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


BRETEAU EDU LAB LIMITED REGISTERED NUMBER:09043582

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		-		6,069
Current assets
Debtors: amounts falling due within one year	5	85,397		91,223
Cash at bank and in hand		4,772		29,575
		90,169		120,798
Current liabilities
Creditors: amounts falling due within one year	6	(22,658)		(70,267)
Net current assets			67,511		50,531
Provisions for liabilities
Deferred tax			-		(1,153)
Net assets			67,511		55,447

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		67,411	55,347
		67,511	55,447

The director considers 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 director acknowledges his 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 comprehensive income 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 on 2 September 2022.

S Breteau

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


BRETEAU EDU LAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Breteau Edu Lab Limited is a private limited liability company registered in England and Wales. Its registered office and principal place of business address is at 48-49 St James Street, 3rd Floor, London, SW1A 1JT.
The principal activity of the company continued to be that of educational support activities.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year. Revenue from the provision of support services is recognised when the service is provided.

2.3

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is provided at rates calculated to write off the cost of fixed asset, less their estimated residual value, over their expected future lives.

Depreciation is provided on the following basis:

Office equipment

Over 2 and 3 years

2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowing, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.

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BRETEAU EDU LAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.4

Basic financial instruments (continued)

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand form an integral part of the company's cash management.

2.5

Government grants

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.6

Pensions

The company contributes to 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 the Statement of Comprehensive Income 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.

2.7

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.

Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 5).

Page 3


BRETEAU EDU LAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 January 2021	49,968
	At 31 December 2021	49,968
	Depreciation
	At 1 January 2021	43,899
	Charge for the year on owned assets	6,069
	At 31 December 2021	49,968
	Net book value
	At 31 December 2021	-
	At 31 December 2020	6,069

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	67,945	77,800
Other debtors	17,452	11,174
Prepayments and accrued income	-	2,249
	85,397	91,223

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other taxation and social security	8,083	64,267
Other creditors	7,975	-
Accruals and deferred income	6,600	6,000
	22,658	70,267

Page 4


BRETEAU EDU LAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

7.	Deferred taxation

	2021	2020
	£	£

At beginning of year	1,153	3,657
Charged to profit or loss	(1,153)	(2,504)
At end of year	-	1,153

The deferred taxation balance is made up as follows:
	2021	2020
	£	£

Accelerated capital allowances

1,153

8.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

9.	Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,519 (2020 - £3,510). Contributions totalling £539 (2020 - £nil) were payable to the fund at the reporting date and are included in other creditors.

10.	Controlling party

The immediate and ultimate parent company of the company is The Breteau Foundation Limited, a company registered in Hong Kong.

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