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Company No: 07439991 (England and Wales)

DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS D W Bush
M Bush
David William Bush
Margaret Bush
REGISTERED OFFICE Unit 2 Greenways Business Park
Bellinger Close
Chippenham
SN15 1BN
England
United Kingdom
COMPANY NUMBER 07439991 (England and Wales)
ACCOUNTANT Old Mill Accountancy Limited
Leeward House
Fitzroy Road
Exeter Business Park
Exeter
Devon
EX1 3LJ
DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

BALANCE SHEET

As at 30 November 2023
DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,015 1,604
1,015 1,604
Current assets
Debtors 4 1,160 2,574
Cash at bank and in hand 20,152 42,680
21,312 45,254
Creditors: amounts falling due within one year 5 ( 16,249) ( 27,040)
Net current assets 5,063 18,214
Total assets less current liabilities 6,078 19,818
Creditors: amounts falling due after more than one year 6 ( 4,254) ( 7,034)
Provision for liabilities ( 193) ( 353)
Net assets 1,631 12,431
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,531 12,331
Total shareholders' funds 1,631 12,431

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of David Bush Independent Interim Consultancy and Advisory Services Limited (registered number: 07439991) were approved and authorised for issue by the Board of Directors on 06 April 2024. They were signed on its behalf by:

D W Bush
Director
DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
DAVID BUSH INDEPENDENT INTERIM CONSULTANCY AND ADVISORY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

David Bush Independent Interim Consultancy and Advisory Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Greenways Business Park, Bellinger Close, Chippenham, SN15 1BN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors intend to cease trading and wind up the company after the reporting date, therefore the accounts have been prepared on an other than going concern basis. No accounting adjustments have been deemed necessary in respect of this.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2022 5,471 5,471
At 30 November 2023 5,471 5,471
Accumulated depreciation
At 01 December 2022 3,867 3,867
Charge for the financial year 589 589
At 30 November 2023 4,456 4,456
Net book value
At 30 November 2023 1,015 1,015
At 30 November 2022 1,604 1,604

4. Debtors

2023 2022
£ £
Trade debtors 492 767
Other debtors 668 1,807
1,160 2,574

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 2,675 2,516
Taxation and social security 11,324 22,587
Other creditors 2,250 1,937
16,249 27,040

£2,675 (2022: £2,516) of bank loans are secured by the UK government under the Bounce Back Loan scheme.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 4,254 7,034

£4,254 (2022: £7,034) of bank loans are secured by the UK government under the Bounce Back Loan scheme.

7. Related party transactions

Transactions with the entity's directors

Advances

Advances were granted to the director in the form of a director's loan account during the year. At the beginning of the year the amount owed to the company was £398. £35,753 was advanced, and £36,151 was subsequently repaid. Interest of £668 was charged on overdrawn balances. The balance at the end of the year was £668. Interest was charged at 2-2.25% on overdrawn amounts, and the loan was repayable on demand.