Registered number
10421419
IMPROVE BUSINESS SOLUTIONS LTD
Filleted Accounts
31 October 2023
IMPROVE BUSINESS SOLUTIONS LTD
Registered number: 10421419
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,065 876
Current assets
Debtors 4 20,000 -
Cash at bank and in hand 70,203 25,835
90,203 25,835
Creditors: amounts falling due within one year 5 (22,038) (9,086)
Net current assets 68,165 16,749
Total assets less current liabilities 69,230 17,625
Creditors: amounts falling due after more than one year 6 (511) 1,635
Net assets 68,719 19,260
Capital and reserves
Called up share capital 100 100
Profit and loss account 68,619 19,160
Shareholders' funds 68,719 19,260
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ZAMEER DABHAD
Director
Approved by the board on 7 February 2024
IMPROVE BUSINESS SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 1,982
Additions 430
At 31 October 2023 2,412
Depreciation
At 1 November 2022 1,106
Charge for the year 241
At 31 October 2023 1,347
Net book value
At 31 October 2023 1,065
At 31 October 2022 876
4 Debtors 2023 2022
£ £
Other debtors 20,000 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 18,457 8,582
Other creditors 3,581 504
22,038 9,086
6 Creditors: amounts falling due after one year 2023 2022
£ £
Directors Loan 511 (1,635)
7 Controlling party
The company is under the full control of the Director and his spouse by virtue of them owning the fully issued share capital.
8 Other information
IMPROVE BUSINESS SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 35 BATLEY ENTERPRISE CENTRE
513 BRADFORD ROAD
BATLEY
WF17 8LL
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