SLBS Consultants Limited 10494675 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is information technology management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 10494675 2022-12-01 2023-11-30 10494675 2023-11-30 10494675 bus:OrdinaryShareClass1 2023-11-30 10494675 core:RetainedEarningsAccumulatedLosses 2023-11-30 10494675 core:ShareCapital 2023-11-30 10494675 core:CurrentFinancialInstruments 2023-11-30 10494675 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 10494675 core:Non-currentFinancialInstruments 2023-11-30 10494675 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 10494675 core:FurnitureFittingsToolsEquipment 2023-11-30 10494675 core:LandBuildings 2023-11-30 10494675 core:MotorVehicles 2023-11-30 10494675 bus:SmallEntities 2022-12-01 2023-11-30 10494675 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 10494675 bus:FilletedAccounts 2022-12-01 2023-11-30 10494675 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10494675 bus:RegisteredOffice 2022-12-01 2023-11-30 10494675 bus:Director1 2022-12-01 2023-11-30 10494675 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 10494675 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10494675 core:Buildings 2022-12-01 2023-11-30 10494675 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 10494675 core:LandBuildings 2022-12-01 2023-11-30 10494675 core:MotorVehicles 2022-12-01 2023-11-30 10494675 core:OfficeEquipment 2022-12-01 2023-11-30 10494675 countries:EnglandWales 2022-12-01 2023-11-30 10494675 2022-11-30 10494675 core:FurnitureFittingsToolsEquipment 2022-11-30 10494675 core:LandBuildings 2022-11-30 10494675 core:MotorVehicles 2022-11-30 10494675 2021-12-01 2022-11-30 10494675 2022-11-30 10494675 bus:OrdinaryShareClass1 2022-11-30 10494675 core:RetainedEarningsAccumulatedLosses 2022-11-30 10494675 core:ShareCapital 2022-11-30 10494675 core:CurrentFinancialInstruments 2022-11-30 10494675 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 10494675 core:Non-currentFinancialInstruments 2022-11-30 10494675 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 10494675 core:FurnitureFittingsToolsEquipment 2022-11-30 10494675 core:LandBuildings 2022-11-30 10494675 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10494675

SLBS Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

SLBS Consultants Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

SLBS Consultants Limited

Registration number: 10494675

Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

16,261

30,409

Current assets

 

Debtors

6

30,256

31,166

Cash at bank and in hand

 

28,358

27,300

 

58,614

58,466

Creditors: Amounts falling due within one year

7

(42,126)

(57,064)

Net current assets

 

16,488

1,402

Total assets less current liabilities

 

32,749

31,811

Creditors: Amounts falling due after more than one year

7

(551)

(421)

Provisions for liabilities

(2,566)

(4,551)

Net assets

 

29,632

26,839

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

29,332

26,539

Shareholders' funds

 

29,632

26,839



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

SLBS Consultants Limited

Registration number: 10494675

Balance Sheet as at 30 November 2023 (continued)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

S W Callaghan
Director

   
     

 

SLBS Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
13 St Edmunds Road
Taverham
Norfolk
NR8 6PB
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

SLBS Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office buildings

5% straight line

Office equipment

25% straight line

Motor vehicles

25% reducing balance

 

SLBS Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting 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 lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 2).

 

SLBS Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

6,609

11,149

5

Tangible assets

Office buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

9,209

32,370

35,250

76,829

Additions

-

8,438

749

9,187

Disposals

-

(5,239)

(35,250)

(40,489)

At 30 November 2023

9,209

35,569

749

45,527

Depreciation

At 1 December 2022

2,754

23,288

20,378

46,420

Charge for the year

459

5,963

187

6,609

Eliminated on disposal

-

(3,384)

(20,379)

(23,763)

At 30 November 2023

3,213

25,867

186

29,266

Carrying amount

At 30 November 2023

5,996

9,702

563

16,261

At 30 November 2022

6,455

9,082

14,872

30,409

 

SLBS Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

21,228

Prepayments

3,214

484

Other debtors

27,042

9,454

 

30,256

31,166

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

601

21,523

Directors loan account

846

2,351

Taxation and social security

 

22,729

17,665

Other creditors

 

17,950

15,525

 

42,126

57,064

Due after one year

 

Loans and borrowings

9

551

421

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

551

421

 

SLBS Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300

       

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

551

421

2023
£

2022
£

Current loans and borrowings

Bank borrowings

601

459

HP and finance lease liabilities

-

21,064

601

21,523