Registered number
10421419
IMPROVE BUSINESS SOLUTIONS LTD
Filleted Accounts
31 October 2024
IMPROVE BUSINESS SOLUTIONS LTD
Registered number: 10421419
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,293 1,065
Current assets
Debtors 4 13,375 20,000
Cash at bank and in hand 16,301 70,203
29,676 90,203
Creditors: amounts falling due within one year 5 (2,083) (22,038)
Net current assets 27,593 68,165
Total assets less current liabilities 28,886 69,230
Creditors: amounts falling due after more than one year 6 (237) (511)
Net assets 28,649 68,719
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,549 68,619
Shareholders' funds 28,649 68,719
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ZAMEER DABHAD
Director
Approved by the board on 19 January 2025
IMPROVE BUSINESS SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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).
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 2,412
Additions 521
At 31 October 2024 2,933
Depreciation
At 1 November 2023 1,347
Charge for the year 293
At 31 October 2024 1,640
Net book value
At 31 October 2024 1,293
At 31 October 2023 1,065
4 Debtors 2024 2023
£ £
Trade debtors 3,375 -
Other debtors 10,000 20,000
13,375 20,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 18,457
Other creditors 2,083 3,581
2,083 22,038
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan 237 511
7 Controlling party
The company is under the full control of the Director and his spouse by virtue of them owning the fully issued share capital.
8 Other information
IMPROVE BUSINESS SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 35 BATLEY ENTERPRISE CENTRE
513 BRADFORD ROAD
BATLEY
WF17 8LL
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