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REGISTERED NUMBER: 11517419 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Restart Business Turnaround Insolvency
Limited

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Restart Business Turnaround Insolvency
Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G G Self
P A Hughes





REGISTERED OFFICE: Dunston House
Dunston Road
Chesterfield
Derbyshire
S41 9QD





REGISTERED NUMBER: 11517419 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,002 30,002
Tangible assets 5 11,812 12,455
36,814 42,457

CURRENT ASSETS
Debtors 6 13,972 77,972
Cash at bank and in hand 88,566 26,939
102,538 104,911
CREDITORS
Amounts falling due within one year 7 60,906 57,394
NET CURRENT ASSETS 41,632 47,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,446

89,974

CREDITORS
Amounts falling due after more than one
year

8

(75,941

)

(87,116

)

PROVISIONS FOR LIABILITIES (2,244 ) (2,367 )
NET ASSETS 261 491

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 141 371
261 491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Balance Sheet - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




P A Hughes - Director



G G Self - Director


Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Restart Business Turnaround Insolvency Limited 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 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 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 2019, 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.
Plant and machinery etc - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 4 (2022 - 4 ) .

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 50,002
AMORTISATION
At 1 September 2022 20,000
Amortisation for year 5,000
At 31 August 2023 25,000
NET BOOK VALUE
At 31 August 2023 25,002
At 31 August 2022 30,002

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 17,431
Additions 669
At 31 August 2023 18,100
DEPRECIATION
At 1 September 2022 4,976
Charge for year 1,312
At 31 August 2023 6,288
NET BOOK VALUE
At 31 August 2023 11,812
At 31 August 2022 12,455

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 13,000 77,000
Other debtors 972 972
13,972 77,972

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 20,481 28,861
Social security and other taxes - 865
VAT 29,287 11,168
Other creditors 166 5,328
Directors' current accounts 372 572
Accrued expenses 600 600
60,906 57,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,293 18,956
Other loans - 1-2 years 51,648 58,160
75,941 87,116

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £71,800 (2022 - £68,304) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.