REGISTERED NUMBER: 05065524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

BREATHING SPACE ACTIVITIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

12,679

6,529

CURRENT ASSETS

Debtors

5

7,320

19,853

Cash at bank

7,923

15,442

15,243

35,295

CREDITORS

Amounts falling due within one year

6

24,915

39,824

NET CURRENT LIABILITIES

(9,672

)

(4,529

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,007

2,000

PROVISIONS FOR LIABILITIES

2,409

1,306

NET ASSETS

598

694

CAPITAL AND RESERVES

Called up share capital

7

50

50

Retained earnings

8

548

644

SHAREHOLDERS' FUNDS

598

694

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 19 June 2018 and were signed on its behalf by:

Mr R G Best - Director

1.	STATUTORY INFORMATION

Breathing Space Activities Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address are as below:

Registered number:

05065524

Registered office:

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

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.

Tangible fixed assets

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

Event Equipment

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss

account, 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 balance sheet date.

Deferred tax

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

the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Event

Office

Equipment

Equipment

Totals

£

£

£

COST

At 1 January 2017

9,899

5,877

15,776

Additions

9,821

558

10,379

At 31 December 2017

19,720

6,435

26,155

DEPRECIATION

At 1 January 2017

5,438

3,809

9,247

Charge for year

3,572

657

4,229

At 31 December 2017

9,010

4,466

13,476

NET BOOK VALUE

At 31 December 2017

10,710

1,969

12,679

At 31 December 2016

4,461

2,068

6,529

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,310

18,603

Other debtors

6,010

1,250

7,320

19,853

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

3,705

Taxation and social security

9,654

13,121

Other creditors

15,261

22,998

24,915

39,824

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

20

Ordinary

£1

20

20

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

£

£

30

Ordinary A

£1

30

30

8.

RESERVES

Retained

earnings

£

At 1 January 2017

644

Profit for the year

43,904

Dividends

(44,000

)

At 31 December 2017

548

9.	FIRST YEAR ADOPTION - FRS 102 1A

No transitional adjustments are required.