DB Consulting (Bournemouth) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10757356 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

DB CONSULTING (BOURNEMOUTH) LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

4,520

5,650

Tangible assets

5

5,943

6,477

10,463

12,127

Current assets

Debtors

6

6,139

5,040

Cash at bank

14,102

51,211

20,241

56,251

Creditors

Amounts falling due within one year

7

5,379

23,726

Net current assets

14,862

32,525

Total assets less current liabilities

25,325

44,652

Creditors

Amounts falling due after more than one year

8

(5,000

)

(7,380

)

Provisions for liabilities

9

(986

)

(1,055

)

Net assets

19,339

36,217

Capital and reserves

Called up share capital

10

100

100

Retained earnings

19,239

36,117

Shareholders' funds

19,339

36,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:

Mr D Broad - Director

1.	Statutory information

DB Consulting (Bournemouth) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10757256. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 49 Harewood Gardens, Bournemouth, Dorset, BH7 7RH.

2.	Accounting policies

Basis of preparing the financial statements

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 represents income receivable from management consultancy.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Government grants

The company applies the accrual model to classify grants either as a grant relating to revenue or a grant relating to assets.

Grants relating to revenue are recognised as income over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which they becomes receivable.

Grants relating to assets are recognised in income over the expected useful life of those assets.

3.	Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 June 2022

and 31 May 2023

11,300

Amortisation

At 1 June 2022

5,650

Charge for year

1,130

At 31 May 2023

6,780

Net book value

At 31 May 2023

4,520

At 31 May 2022

5,650

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 June 2022

5,620

4,768

10,388

Additions

1,690

1,073

2,763

Disposals

(620

)

(2,735

)

(3,355

)

At 31 May 2023

6,690

3,106

9,796

Depreciation

At 1 June 2022

1,405

2,506

3,911

Charge for year

1,360

622

1,982

Eliminated on disposal

(155

)

(1,885

)

(2,040

)

At 31 May 2023

2,610

1,243

3,853

Net book value

At 31 May 2023

4,080

1,863

5,943

At 31 May 2022

4,215

2,262

6,477

6.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

2,376

5,040

Tax

3,763

-

6,139

5,040

7.

Creditors: amounts falling due within one year

2023

2022

£

£

Bank loans and overdrafts

2,400

2,420

Trade creditors

465

1,409

Tax

-

5,147

Directors' current accounts

600

12,753

Accruals and deferred income

1,914

1,997

5,379

23,726

8.

Creditors: amounts falling due after more than one year

2023

2022

£

£

Bank loans - 1-2 years

2,400

2,480

Bank loans - 2-5 years

2,600

4,900

5,000

7,380

9.	Provisions for liabilities

2023

2022

£

£

Deferred tax

986

1,055

Deferred

tax

£

Balance at 1 June 2022

1,055

Provided during year

(69

)

Balance at 31 May 2023

986

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

11.	Ultimate controlling party

The company is controlled by the director, Mr D Broad, who owns 100% of the issued share capital.