GBSB Consulting Limited 12679076 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of Management consultancy activities other than financial management Digita Accounts Production Advanced 6.30.9574.0 true 12679076 2022-07-01 2023-06-30 12679076 2023-06-30 12679076 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-30 12679076 core:CurrentFinancialInstruments 2023-06-30 12679076 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12679076 core:FurnitureFittings 2023-06-30 12679076 core:MotorVehicles 2023-06-30 12679076 core:OfficeEquipment 2023-06-30 12679076 bus:SmallEntities 2022-07-01 2023-06-30 12679076 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12679076 bus:FullAccounts 2022-07-01 2023-06-30 12679076 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12679076 bus:RegisteredOffice 2022-07-01 2023-06-30 12679076 bus:Director1 2022-07-01 2023-06-30 12679076 bus:Director2 2022-07-01 2023-06-30 12679076 bus:OrdinaryShareClass1 bus:OtherShareType 2022-07-01 2023-06-30 12679076 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12679076 core:FurnitureFittings 2022-07-01 2023-06-30 12679076 core:MotorVehicles 2022-07-01 2023-06-30 12679076 core:OfficeEquipment 2022-07-01 2023-06-30 12679076 countries:AllCountries 2022-07-01 2023-06-30 12679076 2022-06-30 12679076 core:FurnitureFittings 2022-06-30 12679076 core:MotorVehicles 2022-06-30 12679076 core:OfficeEquipment 2022-06-30 12679076 2021-07-01 2022-06-30 12679076 2022-06-30 12679076 bus:OrdinaryShareClass1 bus:OtherShareType 2022-06-30 12679076 core:CurrentFinancialInstruments 2022-06-30 12679076 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 12679076 core:FurnitureFittings 2022-06-30 12679076 core:MotorVehicles 2022-06-30 12679076 core:OfficeEquipment 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12679076

GBSB Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

GBSB Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

GBSB Consulting Limited

Company Information

Directors

Mrs Sarah Louise Barnes

Mr Graham Ross Barnes

Registered office

First Suite,
1st Floor,
Charles House
148-149 Gt Charles Street
Birmingham
B3 3HT

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

GBSB Consulting Limited

(Registration number: 12679076)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

25,565

704

Current assets

 

Debtors

5

2,400

29,240

Cash at bank and in hand

 

163,646

125,851

 

166,046

155,091

Creditors: Amounts falling due within one year

6

(61,990)

(48,922)

Net current assets

 

104,056

106,169

Net assets

 

129,621

106,873

Capital and reserves

 

Called up share capital

2

2

Retained earnings

129,619

106,871

Shareholders' funds

 

129,621

106,873

For the financial year ending 30 June 2023 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 18 October 2023 and signed on its behalf by:
 

 

GBSB Consulting Limited

(Registration number: 12679076)
Balance Sheet as at 30 June 2023

.........................................
Mrs Sarah Louise Barnes
Director

.........................................
Mr Graham Ross Barnes
Director

 

GBSB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

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

The address of its registered office is:
First Suite,
1st Floor,
Charles House
148-149 Gt Charles Street
Birmingham
B3 3HT
England

These financial statements were authorised for issue by the Board on 18 October 2023.

The company registration number is 12679076

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

GBSB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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:

Asset class

Depreciation method and rate

Office equipment

3 year straight line

Fixtures & fittings

5 year straight line

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. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

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.

 

GBSB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

GBSB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

446

1,721

-

2,167

Additions

-

1,806

30,250

32,056

At 30 June 2023

446

3,527

30,250

34,223

Depreciation

At 1 July 2022

196

1,267

-

1,463

Charge for the year

89

1,056

6,050

7,195

At 30 June 2023

285

2,323

6,050

8,658

Carrying amount

At 30 June 2023

161

1,204

24,200

25,565

At 30 June 2022

250

454

-

704

5

Debtors

Current

2023
£

2022
£

Trade debtors

2,400

28,740

Other debtors

-

500

 

2,400

29,240

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

9,751

37,331

Accruals and deferred income

1,058

800

Other creditors

51,181

10,791

61,990

48,922

 

GBSB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2