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Company Registration No. 10947757 (England and Wales)
Executive Business Solutions Ltd Unaudited accounts for the year ended 30 September 2022
Executive Business Solutions Ltd Unaudited accounts Contents
Page
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Executive Business Solutions Ltd Company Information for the year ended 30 September 2022
Director
N M Mercer
Company Number
10947757 (England and Wales)
Registered Office
13 Meadow Crescent Cotgrave Nottingham NG12 3SP England
Accountants
Cherry Tree Advisory 1 Forestry Cottages Haywood Oaks Lane Blidworth Nottinghamshire NG21 0PD
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Executive Business Solutions Ltd Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,890 
3,359 
Current assets
Debtors
7,343 
11,264 
Cash at bank and in hand
7,954 
29,806 
15,297 
41,070 
Creditors: amounts falling due within one year
(14,401)
(31,366)
Net current assets
896 
9,704 
Total assets less current liabilities
2,786 
13,063 
Creditors: amounts falling due after more than one year
(9,114)
(12,162)
Provisions for liabilities
Other provisions
- 
(638)
Net (liabilities)/assets
(6,328)
263 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,329)
262 
Shareholders' funds
(6,328)
263 
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
N M Mercer Director Company Registration No. 10947757
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Executive Business Solutions Ltd Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
Executive Business Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10947757. The registered office is 13 Meadow Crescent, Cotgrave, Nottingham, NG12 3SP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Executive Business Solutions Ltd Notes to the Accounts for the year ended 30 September 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2021
3,811 
2,598 
6,409 
Additions
199 
- 
199 
At 30 September 2022
4,010 
2,598 
6,608 
Depreciation
At 1 October 2021
2,184 
866 
3,050 
Charge for the year
802 
866 
1,668 
At 30 September 2022
2,986 
1,732 
4,718 
Net book value
At 30 September 2022
1,024 
866 
1,890 
At 30 September 2021
1,627 
1,732 
3,359 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,373 
Other debtors
7,343 
7,891 
7,343 
11,264 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,059 
3,071 
Trade creditors
4,604 
14,400 
Taxes and social security
5,933 
12,901 
Accruals
805 
994 
14,401 
31,366 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
9,114 
12,162 
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Executive Business Solutions Ltd Notes to the Accounts for the year ended 30 September 2022
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
N M Mercer
Loan
7,891 
- 
548 
7,343 
7,891 
- 
548 
7,343 
During the previous year the company advanced a loan to the director. The loan has no fixed repayment terms and no interest is charged.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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