Take A Break Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04423305 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Take A Break Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Cadell

SECRETARY:

Mrs J Cadell

REGISTERED OFFICE:

34 Lambton Court

Peterlee

Co. Durham

SR8 1NG

REGISTERED NUMBER:

04423305 (England and Wales)

ACCOUNTANTS:

KING HOPE

CHARTERED ACCOUNTANTS

18 Scarborough Street

Hartlepool

TS24 7DA

FIXED ASSETS

Intangible assets

4

-

1

Tangible assets

5

1

1

1

2

CURRENT ASSETS

Debtors

6

3,396

6,083

Cash at bank

5,926

7,541

9,322

13,624

CREDITORS

Amounts falling due within one year

7

6,752

8,113

NET CURRENT ASSETS

2,570

5,511

TOTAL ASSETS LESS CURRENT LIABILITIES

2,571

5,513

CREDITORS

Amounts falling due after more than one year

8

2,524

5,119

NET ASSETS

47

394

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

45

392

SHAREHOLDERS' FUNDS

47

394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 1 June 2017 and were signed by:

A Cadell - Director

1.	STATUTORY INFORMATION

Take A Break Ltd 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

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

value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset as

follows;

Franchise - 5 years

Tangible fixed assets

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

Computer equipment

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

2,341

Disposals

(2,341

)

At 31 March 2017

-

AMORTISATION

At 1 April 2016

2,340

Eliminated on disposal

(2,340

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

1

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

1,390

DEPRECIATION

At 1 April 2016

and 31 March 2017

1,389

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

3,396

6,083

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

2,753

2,671

Taxation and social security

2,510

3,844

Other creditors

1,489

1,598

6,752

8,113

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

2,524

5,119

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY