b-advised Limited Filleted Accounts Cover
b-advised Limited
Company No. 06752417
Information for Filing with The Registrar
05 April 2023
b-advised Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 5 April 2023.
Principal activities
The principal activity of the company during the year under review was that of financial advisors.
Directors
The Directors who served at any time during the year were as follows:
C.J. Forster
D.A. Thompson
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D.A. Thompson
Company Secretary
07 November 2023
b-advised Limited Balance Sheet Registrar
at
5 April 2023
Company No.
06752417
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
9,8959,046
Investments
5
78,36144,630
88,25653,676
Current assets
Debtors
6
63,42863,428
Cash at bank and in hand
37,01264,824
100,440128,252
Creditors: Amount falling due within one year
7
(53,846)
(74,386)
Net current assets
46,59453,866
Total assets less current liabilities
134,850107,542
Net assets
134,850107,542
Capital and reserves
Called up share capital
22
Profit and loss account
9
134,848107,540
Total equity
134,850107,542
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 5 April 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 07 November 2023 and signed on its behalf by:
D.A. Thompson
Director
07 November 2023
b-advised Limited Notes to the Accounts Registrar
for the year ended 5 April 2023
1
General information
b-advised Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 06752417
Its registered office is:
Metropolitan House
Longrigg
Swalwell
Gateshead
NE16 3AS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
45
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 6 April 2022
12,03312,033
Additions
849849
At 5 April 2023
12,88212,882
Depreciation
At 6 April 2022
2,9872,987
At 5 April 2023
2,9872,987
Net book values
At 5 April 2023
9,8959,895
At 5 April 2022
9,046
9,046
5
Investments
Other investments
Total
£
£
Cost or valuation
At 6 April 2022
44,629
44,629
Additions
30,000
30,000
Revaluation
3,732
3,732
At 5 April 2023
78,361
78,361
Provisions/Impairment
Net book values
At 5 April 2023
78,361
78,361
At 5 April 2022
44,629
44,629
6
Debtors
2023
2022
£
£
Amounts owed by group undertakings
63,42863,428
63,42863,428
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
8922,281
Other loans
29,13338,333
Trade creditors
360-
Taxes and social security
15,556
21,444
Loans from directors
7,31011,731
Accruals and deferred income
595597
53,84674,386
8
Share Capital
2 Ordinary shares of £1 each
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
42,000
66,600
42,000
66,600
Dividends by type:
Equity dividends
42,00066,600
42,000
66,600
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