Breaking Barriers Trading Ltd
Breaking Barriers Trading Ltd
Registered number: 11707875
Unaudited Financial Statements
For the Period
29 May 2021
to
31 May 2022
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Breaking Barriers Trading Ltd
Unaudited Financial Statements
For the Period
29 May 2021
to
31 May 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Breaking Barriers Trading Ltd
Balance Sheet
As at
31 May 2022
Balance Sheet
Registered number:
11707875
For the period ending 31 May 2022 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 directors acknowledge their 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.
| 31 May 2022 | 28 May 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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( |
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| NET LIABILITIES |
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( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | - | (36,928) | |||
Page 1
Page 2
Breaking Barriers Trading Ltd
Balance Sheet (continued)
As at
31 May 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Breaking Barriers Trading Ltd
Notes to the Financial Statements
For the Period
29 May 2021
to
31 May 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Income from contracts is recognised on a systematic basis over the period in which the entity incurs the relevant expenditure.
2.
Average Number of Employees
Average number of employees during the year was as follows: 2 (2021: 2)
3.
Debtors
| 31 May 2022 | 28 May 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Recoverable VAT |
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4.
Creditors: Amounts Falling Due Within One Year
| 31 May 2022 | 28 May 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other taxes and social security |
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- | |
| Deferred income |
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| Accruals |
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| Amounts owed to group undertakings |
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5.
Share Capital
| 31 May 2022 | 28 May 2021 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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Page 3
Page 4
Breaking Barriers Trading Ltd
Notes to the Financial Statements (continued)
For the Period
29 May 2021
to
31 May 2022
6.
Related Party Transactions
Controlling party
The company is controlled by its parent undertaking, Breaking Barriers, a charitable incorporated organisation registered in England and Wales (charity no. 1161901) which owns all the issued share capital.
Transactions with related parties
During the year, Breaking Barriers invoiced £878 (2021: £3,000) for the Use of Rights and Name and £1,200 (2021: £1,200) for the Use of data to Breaking Barriers Trading Limited. Breaking Barriers wrote off £2,787 (2021 : £Nil) of the intercompany balance and at the end of the year £74,720 (2021: £212,483) was owed to Breaking Barriers. In the prior year, recharges for resources deployed by Breaking Barriers to fulfil the IKEA contract totalled £150,000.
7.
General Information
Breaking Barriers Trading Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
11707875
. The registered office is Aldwych House, 71-91 Aldwych, London, WC2B 4HN.
Page 4