ITALIAN BUSINESS CONSULTING LTD

Company Registration Number:
08184615 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

ITALIAN BUSINESS CONSULTING LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ITALIAN BUSINESS CONSULTING LTD

Company Information

for the Period Ended 31 August 2023




Director: Raffaele Volpe
Registered office: 21
Knightsbridge
London
England
SW1X 7LY
Company Registration Number: 08184615 (England and Wales)

ITALIAN BUSINESS CONSULTING LTD

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 22,250 22,407
Total fixed assets: 22,250 22,407
Current assets
Stocks: 32,076 32,076
Debtors: 5 321,858 239,344
Cash at bank and in hand: 7,476 86,972
Total current assets: 361,410 358,392
Creditors: amounts falling due within one year: ( 128,081 ) ( 177,244 )
Net current assets (liabilities): 233,329 181,148
Total assets less current liabilities: 255,579 203,555
Total net assets (liabilities): 255,579 203,555

The notes form part of these financial statements

ITALIAN BUSINESS CONSULTING LTD

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 255,578 203,554
Shareholders funds: 255,579 203,555

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 22 July 2024
And Signed On Behalf Of The Board By:

Name: Raffaele Volpe
Status: Director

The notes form part of these financial statements

ITALIAN BUSINESS CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 is reduced for
    estimated customer returns, rebates and other similar allowances.

    Rendering of services
    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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot
    be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
    Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,
    over their expected useful lives on the following bases:
    Motor Vehicles 25% on WDV
    Fixtures & Fittings 15% on WDV
    Computer Equipment 15% on WDV

    Other accounting policies

    Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

ITALIAN BUSINESS CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

ITALIAN BUSINESS CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

ITALIAN BUSINESS CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible Assets

Total
Cost £
At 01 September 2022 22,407
Additions 5,149
Disposals (0)
Revaluations 0
Transfers 0
At 31 August 2023 27,556
Depreciation
At 01 September 2022 0
Charge for year 5,306
On disposals (0)
Other adjustments 0
At 31 August 2023 5,306
Net book value
At 31 August 2023 22,250
At 31 August 2022 22,407

Depreciation is Charged only for the Year .

ITALIAN BUSINESS CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 5. Debtors


    2023
    £

    2022
    £
    Debtors due after more than one year: 0 0

    This included Loans given to other Companies for a short term