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REGISTERED NUMBER: 10757356 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DB CONSULTING (BOURNEMOUTH) LIMITED

DB CONSULTING (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 10757356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance sheet 1

Notes to the financial statements 3


DB CONSULTING (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 10757356)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 3,390 4,520
Tangible assets 5 6,893 5,943
10,283 10,463

Current assets
Debtors 6 2,102 6,139
Cash at bank 18,934 14,102
21,036 20,241
Creditors
Amounts falling due within one year 7 7,331 5,379
Net current assets 13,705 14,862
Total assets less current liabilities 23,988 25,325

Creditors
Amounts falling due after more than one year 8 (2,600 ) (5,000 )

Provisions for liabilities 9 (1,192 ) (986 )
Net assets 20,196 19,339

Capital and reserves
Called up share capital 10 100 100
Retained earnings 20,096 19,239
Shareholders' funds 20,196 19,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DB CONSULTING (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 10757356)

BALANCE SHEET - continued
31 MAY 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:





Mr D Broad - Director


DB CONSULTING (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 10757356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

DB Consulting (Bournemouth) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10757256. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 49 Harewood Gardens, Bournemouth, Dorset, BH7 7RH.

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 represents income receivable from management consultancy.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

DB CONSULTING (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 10757356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 11,300
Amortisation
At 1 June 2023 6,780
Charge for year 1,130
At 31 May 2024 7,910
Net book value
At 31 May 2024 3,390
At 31 May 2023 4,520

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023 6,690 3,106 9,796
Additions 349 3,956 4,305
Disposals - (2,033 ) (2,033 )
At 31 May 2024 7,039 5,029 12,068
Depreciation
At 1 June 2023 2,610 1,243 3,853
Charge for year 1,107 1,189 2,296
Eliminated on disposal - (974 ) (974 )
At 31 May 2024 3,717 1,458 5,175
Net book value
At 31 May 2024 3,322 3,571 6,893
At 31 May 2023 4,080 1,863 5,943

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 2,102 2,376
Tax - 3,763
2,102 6,139

DB CONSULTING (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 10757356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,400 2,400
Trade creditors 47 465
Tax 260 -
Directors' current accounts 2,710 600
Accruals and deferred income 1,914 1,914
7,331 5,379

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 2,400 2,400
Bank loans - 2-5 years 200 2,600
2,600 5,000

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,192 986

Deferred
tax
£   
Balance at 1 June 2023 986
Provided during year 206
Balance at 31 May 2024 1,192

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Ultimate controlling party

The company is controlled by the director, Mr D Broad, who owns 100% of the issued share capital.