TBI Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06518579 (England and Wales)

Unaudited financial statements for the year ended 31 March 2020

For

TBI Consulting Ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Iryna Terlecky

Bohdan Terlecky

Registered office:

9 The Shrubberies

George Lane

London

E18 1BD

Registered number:

06518579 (England and Wales)

Accountants:

Alan Patient & Co Limited

9 The Shrubberies

George Lane

London

E18 1BD

Fixed assets

Intangible assets

4

54,167

72,222

Tangible assets

5

133

403

54,300

72,625

Current assets

Debtors

6

5,061

88,434

Cash at bank

53,250

107,857

58,311

196,291

Creditors

Amounts falling due within one year

7

89

70,181

Net current assets

58,222

126,110

Total assets less current liabilities

112,522

198,735

Provisions for liabilities

25

76

Net assets

112,497

198,659

Capital and reserves

Called up share capital

200

200

Retained earnings

112,297

198,459

Shareholders' funds

112,497

198,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 23 June 2020 and were signed on its behalf by:

Iryna Terlecky - Director

1.	Statutory information

TBI Consulting 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 preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fifteen years.

The remaining useful life was reassessed as being no longer than three years from the balance sheet date

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

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.

3.	Employees and directors

The average number of employees during the year was 1 (2019 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2019

and 31 March 2020

200,000

Amortisation

At 1 April 2019

127,778

Amortisation for year

18,055

At 31 March 2020

145,833

Net book value

At 31 March 2020

54,167

At 31 March 2019

72,222

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 April 2019

and 31 March 2020

6,847

Depreciation

At 1 April 2019

6,444

Charge for year

270

At 31 March 2020

6,714

Net book value

At 31 March 2020

133

At 31 March 2019

403

6.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

1,483

88,039

Other debtors

2,860

-

Value added tax

389

-

Prepayments

329

395

5,061

88,434

7.

Creditors: amounts falling due within one year

2020

2019

£

£

Tax

-

34,604

Value added tax

-

7,548

Other creditors

-

22,871

Directors' current accounts

89

103

Accruals

-

5,055

89

70,181

8.	Ultimate controlling party

The controlling party is Iryna Terlecky.