Company registration number 11433091 (England and Wales)
EDWARD DE BONO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
EDWARD DE BONO LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
EDWARD DE BONO LTD (REGISTERED NUMBER: 11433091)
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,593,248
1,593,248
Tangible assets
4
863
2,071
1,594,111
1,595,319
Current assets
Debtors
5
50,518
40,588
Cash at bank and in hand
622,402
460,073
672,920
500,661
Creditors: amounts falling due within one year
6
(62,484)
(58,208)
Net current assets
610,436
442,453
Net assets
2,204,547
2,037,772
Capital and reserves
Called up share capital
1,741,772
1,741,772
Revaluation reserve
(148,524)
(148,524)
Profit and loss reserves
611,299
444,524
Total equity
2,204,547
2,037,772

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 November 2023 and are signed on its behalf by:
Mr C De Bono
Director
EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Edward de Bono Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Templeback, 10 Templeback, Bristol, BS1 6FL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Intangible fixed assets other than goodwill

The directors have reviewed the value of the IP, taking into account economic and geopolitical uncertainty. At this time they have decided not to adjust the value of the IP.

 

Intellectual property
No amortisation
1.4
Tangible fixed 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 is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Intangible fixed assets
Intellectual property
£
Cost
At 1 July 2022 and 30 June 2023
1,593,248
Amortisation and impairment
At 1 July 2022 and 30 June 2023
-
0
Carrying amount
At 30 June 2023
1,593,248
At 30 June 2022
1,593,248
EDWARD DE BONO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
1,814
1,809
3,623
Depreciation and impairment
At 1 July 2022
949
603
1,552
Depreciation charged in the year
605
603
1,208
At 30 June 2023
1,554
1,206
2,760
Carrying amount
At 30 June 2023
260
603
863
At 30 June 2022
865
1,206
2,071
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
48,479
40,484
Other debtors
2,039
104
50,518
40,588
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,733
-
0
Taxation and social security
55,932
41,591
Other creditors
2,819
16,617
62,484
58,208
2023-06-302022-07-01false10 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr C De BonoMr C De BonoMr L M Kayefalse114330912022-07-012023-06-30114330912023-06-30114330912022-06-3011433091core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-06-3011433091core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-06-3011433091core:FurnitureFittings2023-06-3011433091core:ComputerEquipment2023-06-3011433091core:FurnitureFittings2022-06-3011433091core:ComputerEquipment2022-06-3011433091core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3011433091core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3011433091core:CurrentFinancialInstruments2023-06-3011433091core:CurrentFinancialInstruments2022-06-3011433091core:ShareCapital2023-06-3011433091core:ShareCapital2022-06-3011433091core:RevaluationReserve2023-06-3011433091core:RevaluationReserve2022-06-3011433091core:RetainedEarningsAccumulatedLosses2023-06-3011433091core:RetainedEarningsAccumulatedLosses2022-06-3011433091bus:Director12022-07-012023-06-3011433091core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011433091core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011433091core:FurnitureFittings2022-07-012023-06-3011433091core:ComputerEquipment2022-07-012023-06-30114330912021-07-012022-06-3011433091core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-06-3011433091core:FurnitureFittings2022-06-3011433091core:ComputerEquipment2022-06-30114330912022-06-3011433091core:WithinOneYear2023-06-3011433091core:WithinOneYear2022-06-3011433091bus:PrivateLimitedCompanyLtd2022-07-012023-06-3011433091bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3011433091bus:FRS1022022-07-012023-06-3011433091bus:AuditExemptWithAccountantsReport2022-07-012023-06-3011433091bus:Director22022-07-012023-06-3011433091bus:Director32022-07-012023-06-3011433091bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP