2023-02-012024-01-312024-01-31false04803589PRACTICAL BUSINESS DEVELOPMENT CONSULTANCY LIMITED2024-10-30iso4217:GBPxbrli:pure048035892023-02-01048035892024-01-31048035892023-02-012024-01-31048035892022-02-01048035892023-01-31048035892022-02-012023-01-3104803589bus:SmallEntities2023-02-012024-01-3104803589bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3104803589bus:FullAccounts2023-02-012024-01-3104803589bus:PrivateLimitedCompanyLtd2023-02-012024-01-3104803589core:WithinOneYear2024-01-3104803589core:AfterOneYear2024-01-3104803589core:WithinOneYear2023-01-3104803589core:AfterOneYear2023-01-3104803589core:ShareCapital2024-01-3104803589core:SharePremium2024-01-3104803589core:RevaluationReserve2024-01-3104803589core:OtherReservesSubtotal2024-01-3104803589core:RetainedEarningsAccumulatedLosses2024-01-3104803589core:ShareCapital2023-01-3104803589core:SharePremium2023-01-3104803589core:RevaluationReserve2023-01-3104803589core:OtherReservesSubtotal2023-01-3104803589core:RetainedEarningsAccumulatedLosses2023-01-3104803589core:LandBuildings2024-01-3104803589core:PlantMachinery2024-01-3104803589core:Vehicles2024-01-3104803589core:FurnitureFittings2024-01-3104803589core:OfficeEquipment2024-01-3104803589core:NetGoodwill2024-01-3104803589core:IntangibleAssetsOtherThanGoodwill2024-01-3104803589core:ListedExchangeTraded2024-01-3104803589core:UnlistedNon-exchangeTraded2024-01-3104803589core:LandBuildings2023-01-3104803589core:PlantMachinery2023-01-3104803589core:Vehicles2023-01-3104803589core:FurnitureFittings2023-01-3104803589core:OfficeEquipment2023-01-3104803589core:NetGoodwill2023-01-3104803589core:IntangibleAssetsOtherThanGoodwill2023-01-3104803589core:ListedExchangeTraded2023-01-3104803589core:UnlistedNon-exchangeTraded2023-01-3104803589core:LandBuildings2023-02-012024-01-3104803589core:PlantMachinery2023-02-012024-01-3104803589core:Vehicles2023-02-012024-01-3104803589core:FurnitureFittings2023-02-012024-01-3104803589core:OfficeEquipment2023-02-012024-01-3104803589core:NetGoodwill2023-02-012024-01-3104803589core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3104803589core:ListedExchangeTraded2023-02-012024-01-3104803589core:UnlistedNon-exchangeTraded2023-02-012024-01-3104803589core:MoreThanFiveYears2023-02-012024-01-3104803589core:Non-currentFinancialInstruments2024-01-3104803589core:Non-currentFinancialInstruments2023-01-3104803589dpl:CostSales2023-02-012024-01-3104803589dpl:DistributionCosts2023-02-012024-01-3104803589core:LandBuildings2023-02-012024-01-3104803589core:PlantMachinery2023-02-012024-01-3104803589core:Vehicles2023-02-012024-01-3104803589core:FurnitureFittings2023-02-012024-01-3104803589core:OfficeEquipment2023-02-012024-01-3104803589dpl:AdministrativeExpenses2023-02-012024-01-3104803589core:NetGoodwill2023-02-012024-01-3104803589core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3104803589dpl:GroupUndertakings2023-02-012024-01-3104803589dpl:ParticipatingInterests2023-02-012024-01-3104803589dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3104803589core:ListedExchangeTraded2023-02-012024-01-3104803589dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3104803589core:UnlistedNon-exchangeTraded2023-02-012024-01-3104803589dpl:CostSales2022-02-012023-01-3104803589dpl:DistributionCosts2022-02-012023-01-3104803589core:LandBuildings2022-02-012023-01-3104803589core:PlantMachinery2022-02-012023-01-3104803589core:Vehicles2022-02-012023-01-3104803589core:FurnitureFittings2022-02-012023-01-3104803589core:OfficeEquipment2022-02-012023-01-3104803589dpl:AdministrativeExpenses2022-02-012023-01-3104803589core:NetGoodwill2022-02-012023-01-3104803589core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3104803589dpl:GroupUndertakings2022-02-012023-01-3104803589dpl:ParticipatingInterests2022-02-012023-01-3104803589dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3104803589core:ListedExchangeTraded2022-02-012023-01-3104803589dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3104803589core:UnlistedNon-exchangeTraded2022-02-012023-01-3104803589core:NetGoodwill2024-01-3104803589core:IntangibleAssetsOtherThanGoodwill2024-01-3104803589core:LandBuildings2024-01-3104803589core:PlantMachinery2024-01-3104803589core:Vehicles2024-01-3104803589core:FurnitureFittings2024-01-3104803589core:OfficeEquipment2024-01-3104803589core:AfterOneYear2024-01-3104803589core:WithinOneYear2024-01-3104803589core:ListedExchangeTraded2024-01-3104803589core:UnlistedNon-exchangeTraded2024-01-3104803589core:ShareCapital2024-01-3104803589core:SharePremium2024-01-3104803589core:RevaluationReserve2024-01-3104803589core:OtherReservesSubtotal2024-01-3104803589core:RetainedEarningsAccumulatedLosses2024-01-3104803589core:NetGoodwill2023-01-3104803589core:IntangibleAssetsOtherThanGoodwill2023-01-3104803589core:LandBuildings2023-01-3104803589core:PlantMachinery2023-01-3104803589core:Vehicles2023-01-3104803589core:FurnitureFittings2023-01-3104803589core:OfficeEquipment2023-01-3104803589core:AfterOneYear2023-01-3104803589core:WithinOneYear2023-01-3104803589core:ListedExchangeTraded2023-01-3104803589core:UnlistedNon-exchangeTraded2023-01-3104803589core:ShareCapital2023-01-3104803589core:SharePremium2023-01-3104803589core:RevaluationReserve2023-01-3104803589core:OtherReservesSubtotal2023-01-3104803589core:RetainedEarningsAccumulatedLosses2023-01-3104803589core:NetGoodwill2022-02-0104803589core:IntangibleAssetsOtherThanGoodwill2022-02-0104803589core:LandBuildings2022-02-0104803589core:PlantMachinery2022-02-0104803589core:Vehicles2022-02-0104803589core:FurnitureFittings2022-02-0104803589core:OfficeEquipment2022-02-0104803589core:AfterOneYear2022-02-0104803589core:WithinOneYear2022-02-0104803589core:ListedExchangeTraded2022-02-0104803589core:UnlistedNon-exchangeTraded2022-02-0104803589core:ShareCapital2022-02-0104803589core:SharePremium2022-02-0104803589core:RevaluationReserve2022-02-0104803589core:OtherReservesSubtotal2022-02-0104803589core:RetainedEarningsAccumulatedLosses2022-02-0104803589core:AfterOneYear2023-02-012024-01-3104803589core:WithinOneYear2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3104803589core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3104803589core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3104803589core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3104803589core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3104803589core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3104803589bus:Director12023-02-012024-01-3104803589bus:Director22023-02-012024-01-31

PRACTICAL BUSINESS DEVELOPMENT CONSULTANCY LIMITED

Registered Number
04803589
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

PRACTICAL BUSINESS DEVELOPMENT CONSULTANCY LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

ROBERTS, David George
WHEATLEY, Stephen Edward

Company Secretary

ROBERTS, David George

Registered Address

43 Avenue Road
London
N6 5DF

Registered Number

04803589 (England and Wales)
PRACTICAL BUSINESS DEVELOPMENT CONSULTANCY LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors314,73926,766
Cash at bank and on hand4,3823,007
19,12129,773
Prepayments and accrued income2,111-
Creditors amounts falling due within one year4(21,535)(34,877)
Net current assets (liabilities)(303)(5,104)
Total assets less current liabilities(303)(5,104)
Net assets(303)(5,104)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(1,303)(6,104)
Shareholders' funds(303)(5,104)
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
WHEATLEY, Stephen Edward
Director
Registered Company No. 04803589
PRACTICAL BUSINESS DEVELOPMENT CONSULTANCY LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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 rendering of services.
Revenue from rendering of services
Revenue 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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year32
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,99017,832
Amounts owed by associates and joint ventures / participating interests-1
Other debtors5,7498,933
Total14,73926,766
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,599
Amounts owed to related parties13,71328,860
Taxation and social security7,7833,218
Accrued liabilities and deferred income391,200
Total21,53534,877
5.Related party transactions
The company made sales totalling £25,103 to Limitear Ltd, a company which Mr Stephen Wheatley is a director.