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REGISTERED NUMBER: 11517419 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Restart Business Turnaround Insolvency
Limited

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Restart Business Turnaround Insolvency
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G G Self
P A Hughes





REGISTERED OFFICE: Dunston House
Dunston Road
Chesterfield
Derbyshire
S41 9QD





REGISTERED NUMBER: 11517419 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,002 25,002
Tangible assets 5 11,960 11,812
31,962 36,814

CURRENT ASSETS
Debtors 6 972 13,972
Cash at bank and in hand 82,097 88,566
83,069 102,538
CREDITORS
Amounts falling due within one year 7 51,684 60,906
NET CURRENT ASSETS 31,385 41,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,347

78,446

CREDITORS
Amounts falling due after more than one
year

8

(59,306

)

(75,941

)

PROVISIONS FOR LIABILITIES (2,272 ) (2,244 )
NET ASSETS 1,769 261

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,649 141
1,769 261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Balance Sheet - continued
31 August 2024


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 17 January 2025 and were signed on its behalf by:




P A Hughes - Director



G G Self - Director


Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Restart Business Turnaround Insolvency Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 50,002
AMORTISATION
At 1 September 2023 25,000
Amortisation for year 5,000
At 31 August 2024 30,000
NET BOOK VALUE
At 31 August 2024 20,002
At 31 August 2023 25,002

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 18,100
Additions 1,477
At 31 August 2024 19,577
DEPRECIATION
At 1 September 2023 6,288
Charge for year 1,329
At 31 August 2024 7,617
NET BOOK VALUE
At 31 August 2024 11,960
At 31 August 2023 11,812

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 13,000
Other debtors 972 972
972 13,972

Restart Business Turnaround Insolvency
Limited (Registered number: 11517419)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 26,046 20,481
VAT 14,592 29,287
Other creditors 74 166
Directors' current accounts 372 372
Accrued expenses 600 600
51,684 60,906

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,293 14,293
Other loans - 1-2 years 45,013 51,648
59,306 75,941

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 12,836 -
Between one and five years 18,184 -
31,020 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £79,000 (2023 - £71,800) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.