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REGISTERED NUMBER: 04202581 (England and Wales)















DTE BUSINESS ADVISERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023






DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DTE BUSINESS ADVISERS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023







DIRECTORS: M N Beckley
G Lovell
R I Taylor
R W J Bell
S D Heath
J R Beardmore





SECRETARY: R I Taylor





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 04202581 (England and Wales)






DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

STATEMENT OF FINANCIAL POSITION
29 NOVEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 114,427 214,792
Investments 5 6 6
114,433 214,798

CURRENT ASSETS
Debtors 6 2,610,447 2,293,899
Cash at bank and in hand 126,108 467
2,736,555 2,294,366
CREDITORS
Amounts falling due within one year 7 (1,129,688 ) (1,277,293 )
NET CURRENT ASSETS 1,606,867 1,017,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,721,300

1,231,871

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,711,300 1,221,871
SHAREHOLDERS' FUNDS 1,721,300 1,231,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

STATEMENT OF FINANCIAL POSITION - continued
29 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





R I Taylor - Director


DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


1. STATUTORY INFORMATION

DTE Business Advisers Limited is a private company, limited by shares, registered in England and Wales, registration number 04202581. The registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN.

2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Despite the current challenges faced in the UK economy at the present time, the directors have been encouraged with the results reported by the company for the period ended 29 November 2023.

The company meets its day to day working capital requirements through an overdraft facility and loans from its shareholders. The company's forecast and projections show that the company will be able to operate within the level of its current arrangements. The directors are in regular contact with the finance providers and have no reason to believe that facilities will not remain available on current terms.

Post period end management accounts, indicate the company continues to generate profits.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Preparation of consolidated financial statements
The financial statements contain information about DTE Business Advisers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Making judgement based on knowledge of the customer on the level of provision required against amounts recoverable on contracts. Further information received after the statement of financial position date may impact on the level of provision required.

Making judgement based on knowledge of the customer on the level of provision required for bad debts. Further information received after the statement of financial position date may impact on the level of provision required.

DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Revenue
Revenue represents amounts chargeable to clients for professional services provided during the period, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance on each assignment. Consideration accrues as activity progresses by reference to the value of the work performed. Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.

Unbilled revenue is included on the statement of financial position within debtors as 'unbilled amounts for client work'.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date.The effects of any revision are recognised in the income statement when the change arises.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement as incurred.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the period are charged in the income statement.

DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Income from fixed asset investments
Income from fixed asset investments is received in the form of dividends and is credited to the income statement when receivable.

Fixed asset investments
Fixed asset investments in subsidiary undertakings are stated at cost, unless in the opinion of the directors there has been a permanent diminution in value, in which case an appropriate adjustment is made.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 68 (2023 - 64 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 609,781
Additions 39,696
Disposals (219,829 )
At 29 November 2023 429,648
DEPRECIATION
At 1 May 2023 394,989
Charge for period 32,770
Eliminated on disposal (112,538 )
At 29 November 2023 315,221
NET BOOK VALUE
At 29 November 2023 114,427
At 30 April 2023 214,792

DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 52,878
Transfer to ownership (28,629 )
At 29 November 2023 24,249
DEPRECIATION
At 1 May 2023 7,744
Charge for period 5,924
Transfer to ownership (341 )
At 29 November 2023 13,327
NET BOOK VALUE
At 29 November 2023 10,922
At 30 April 2023 45,134

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 29 November 2023 6
NET BOOK VALUE
At 29 November 2023 6
At 30 April 2023 6

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 952,207 1,091,553
Amounts owed by group undertakings 1,022,196 805,397
Unbilled amounts for client work 506,565 229,881
Other debtors 129,479 167,068
2,610,447 2,293,899

DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts - 334,288
Hire purchase contracts (see note 8) 1,166 28,278
Trade creditors 65,130 144,334
Amounts owed to group undertakings 356,008 183,271
Taxation and social security 539,451 319,518
Other creditors 167,933 267,604
1,129,688 1,277,293

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2023
£    £   
Net obligations repayable:
Within one year 1,166 28,278

Non-cancellable operating leases
2023 2023
£    £   
Within one year 119,944 119,944
Between one and five years 92,804 227,839
In more than five years - 3,687
212,748 351,470

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2023
£    £   
Bank overdraft - 334,288
Hire purchase contracts 1,166 28,278
1,166 362,566

Bank overdrafts are secured by way of a legal charge over the undertaking and assets of the company present and future.

The hire purchase contracts are secured on the assets concerned.

DTE BUSINESS ADVISERS LIMITED (REGISTERED NUMBER: 04202581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


10. SUBSEQUENT EVENTS

On 30 November 2023, the entire share capital of the ultimate parent company, DTE Business Advisers Group Limited was acquired by DJH Mitten Clarke Group Limited.