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Registration number: 11290839

ConsultBIM Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2022

 

ConsultBIM Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

ConsultBIM Limited

Company Information

Directors

Mr Damen William Knappett

Mrs Sian Knappett

Registered office

79 Dukeswood Drive
Dibden Purlieu
Southampton
Hampshire
SO45 4NH

Accountants

CrunchWise
18 Elgin Close
Hythe
Southampton
Hampshire
SO45 6JG

 

ConsultBIM Limited

(Registration number: 11290839)
Balance Sheet as at 30 April 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

1,474

851

Current assets

 

Debtors

5

14,691

6,834

Cash at bank and in hand

 

19,156

18,812

 

33,847

25,646

Creditors: Amounts falling due within one year

6

(14,249)

(16,769)

Net current assets

 

19,598

8,877

Total assets less current liabilities

 

21,072

9,728

Provisions for liabilities

(280)

-

Net assets

 

20,792

9,728

Capital and reserves

 

Called up share capital

7

100

1

Profit and loss account

20,692

9,727

Shareholders' funds

 

20,792

9,728

For the financial year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 August 2022 and signed on its behalf by:
 

.........................................
Mr Damen William Knappett
Director

 

ConsultBIM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
79 Dukeswood Drive
Dibden Purlieu
Southampton
Hampshire
SO45 4NH
England

These financial statements were authorised for issue by the Board on 15 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for services rendered, state net of discounts and of Value Added Tax.

Tax

The tax expense for the period comprises the aggregate amount of current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

ConsultBIM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

Asset class

Depreciation method and rate

Computer equipment

33% straight line

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

ConsultBIM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

4

Tangible assets

Computer equipment
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2021

1,693

263

1,956

Additions

265

982

1,247

At 30 April 2022

1,958

1,245

3,203

Depreciation

At 1 May 2021

1,065

40

1,105

Charge for the year

382

242

624

At 30 April 2022

1,447

282

1,729

Carrying amount

At 30 April 2022

511

963

1,474

At 30 April 2021

628

223

851

5

Debtors

2022
£

2021
£

Trade debtors

6,966

6,834

Other debtors

7,725

-

14,691

6,834

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

14,104

14,492

Other creditors

145

2,277

14,249

16,769

 

ConsultBIM Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

1

1

         

8

Related party transactions

Transactions with directors

2022

At 1 May 2021
£

Advances to directors
£

Repayments by director
£

At 30 April 2022
£

Mr Damen William Knappett

Interest free loan repayable on demand

-

6,531

(1,897)

4,635

         
       

Mrs Sian Knappett

Interest free loan repayable on demand

-

4,790

(1,700)

3,090