Company registration number 12235296 (England and Wales)
Erudite Business Consulting Limited
Unaudited
financial statements
for the year ended 30 September 2023
PAGES FOR FILING WITH REGISTRAR
Erudite Business Consulting Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Erudite Business Consulting Limited
Statement of financial position
as at 30 September 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,450
18,021
Current assets
Debtors
110,716
111,097
Cash at bank and in hand
3,913
15,183
114,629
126,280
Creditors: amounts falling due within one year
(21,816)
(36,455)
Net current assets
92,813
89,825
Total assets less current liabilities
106,263
107,846
Creditors: amounts falling due after more than one year
(11,160)
(15,219)
Net assets
95,103
92,627
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
95,102
92,626
Total equity
95,103
92,627

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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.

Erudite Business Consulting Limited
Statement of financial position (continued)
as at 30 September 2023
30 September 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 20 February 2024
D Hilditch
Director
Company registration number 12235296 (England and Wales)
Erudite Business Consulting Limited
Notes to the financial statements
for the year ended 30 September 2023
- 3 -
1
Accounting policies
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 £.

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

Turnover

Turnover represents amounts receivable for services and is recognised on the supply of services to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Computers
3 years straight line
Motor vehicles
25% 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.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Erudite Business Consulting Limited
Notes to the financial statements (continued)
for the year ended 30 September 2023
- 4 -
2
Employees

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

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 October 2022 and 30 September 2023
640
19,019
19,659
Depreciation and impairment
At 1 October 2022
53
1,585
1,638
Depreciation charged in the year
213
4,358
4,571
At 30 September 2023
266
5,943
6,209
Carrying amount
At 30 September 2023
374
13,076
13,450
At 30 September 2022
587
17,434
18,021
4
Company information

Erudite Business Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 The Fouracres, Wakefield, West Yorkshire, United Kingdom, WF1 4FJ.

2023-09-302022-10-01false20 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityD Hilditchfalse122352962022-10-012023-09-30122352962023-09-30122352962022-09-3012235296core:ComputerEquipment2023-09-3012235296core:MotorVehicles2023-09-3012235296core:ComputerEquipment2022-09-3012235296core:MotorVehicles2022-09-3012235296core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3012235296core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3012235296core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3012235296core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3012235296core:ShareCapital2023-09-3012235296core:ShareCapital2022-09-3012235296core:RetainedEarningsAccumulatedLosses2023-09-3012235296core:RetainedEarningsAccumulatedLosses2022-09-3012235296bus:Director12022-10-012023-09-3012235296core:ComputerEquipment2022-10-012023-09-3012235296core:MotorVehicles2022-10-012023-09-30122352962021-10-012022-09-3012235296core:ComputerEquipment2022-09-3012235296core:MotorVehicles2022-09-30122352962022-09-3012235296bus:PrivateLimitedCompanyLtd2022-10-012023-09-3012235296bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3012235296bus:FRS1022022-10-012023-09-3012235296bus:AuditExemptWithAccountantsReport2022-10-012023-09-3012235296bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP