ACCOUNTS - Final Accounts

BRETEAU EDU LAB LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31truetrueeducational support activitiesfalse2017-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09043582 2017-01-01 2017-12-31 09043582 2016-01-01 2016-12-31 09043582 2017-12-31 09043582 2016-12-31 09043582 c:Director1 2017-01-01 2017-12-31 09043582 d:OfficeEquipment 2017-01-01 2017-12-31 09043582 d:OfficeEquipment 2017-12-31 09043582 d:OfficeEquipment 2016-12-31 09043582 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 09043582 d:CurrentFinancialInstruments 2017-12-31 09043582 d:CurrentFinancialInstruments 2016-12-31 09043582 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 09043582 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09043582 d:ShareCapital 2017-12-31 09043582 d:ShareCapital 2016-12-31 09043582 d:RetainedEarningsAccumulatedLosses 2017-12-31 09043582 d:RetainedEarningsAccumulatedLosses 2016-12-31 09043582 c:OrdinaryShareClass1 2017-01-01 2017-12-31 09043582 c:OrdinaryShareClass1 2017-12-31 09043582 c:FRS102 2017-01-01 2017-12-31 09043582 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 09043582 c:FullAccounts 2017-01-01 2017-12-31 09043582 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09043582

BRETEAU EDU LAB LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017


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 2017

		2017		2016 Restated
Note		£		£

Fixed assets
Tangible assets	4		2,722		423
Current assets
Debtors: amounts falling due within one year	5	32,471		25,377
Cash at bank and in hand		5,118		5,137
Current liabilities		37,589		30,514
Creditors: amounts falling due within one year	6	(12,366)		(10,276)
Net current assets			25,223		20,238
Net assets			27,945		20,661

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		27,845	20,561
		27,945	20,661

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 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 12 September 2018.

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 2017

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 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 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 2017

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 and form an integral part of the company's cash management.

2.5

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.

2.6

Taxation

Tax is recognised in the Statement of Comprehensive Income, 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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2016 -3).

Page 3


BRETEAU EDU LAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2017	1,616
	Additions	3,419
	At 31 December 2017	5,035
	Depreciation
	At 1 January 2017	1,193
	Charge for the year on owned assets	1,120
	At 31 December 2017	2,313
	Net book value
	At 31 December 2017	2,722
	At 31 December 2016	423

Debtors

					2017	2016 Restated
					£	£

Amounts owed by group undertakings	29,012	21,918
Other debtors	3,459	3,459
	32,471	25,377

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Taxation and social security	6,588	4,586
Other creditors	381	691
Accruals and deferred income	5,397	4,999
	12,366	10,276

Page 4


BRETEAU EDU LAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

7.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

8.	Prior year adjustment

In the prior year computer costs of £16,265 paid by the parent entity were not accounted by the company. This has been corrected in the current year by way of a prior year adjustment and the comparative figures have been restated accordingly. The net effect on the opening reserve is an increase of £917.

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. There was £320 (2016 - £Nil) owed at the reporting date.

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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