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ASTUTE BUSINESS CONSULTANCY LIMITED

Registered Number
04215835
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

ASTUTE BUSINESS CONSULTANCY LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Caroline Clarke

Registered Address

Ground Floor 66 High Street
Lewes
BN7 1XG

Registered Number

04215835 (England and Wales)
ASTUTE BUSINESS CONSULTANCY LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-27,318
Tangible assets44,2969,963
4,29637,281
Current assets
Debtors72,89751,860
Cash at bank and on hand113,39989,792
186,296141,652
Creditors amounts falling due within one year5(80,709)(69,897)
Net current assets (liabilities)105,58771,755
Total assets less current liabilities109,883109,036
Creditors amounts falling due after one year6(14,970)(24,790)
Net assets94,91384,246
Capital and reserves
Called up share capital1515
Share premium8,9858,985
Other reserves8585
Profit and loss account85,82875,161
Shareholders' funds94,91384,246
The financial statements were approved and authorised for issue by the Director on 27 February 2025, and are signed on its behalf by:
Caroline Clarke
Director
Registered Company No. 04215835
ASTUTE BUSINESS CONSULTANCY LIMITED
Notes to the Financial Statements
for the year ended 31 May 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.
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings25-
Plant and machinery25-
Office Equipment-5
2.Average number of employees

20242023
Average number of employees during the year88
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 June 2382,06082,060
At 31 May 2482,06082,060
Amortisation and impairment
At 01 June 2354,74254,742
Charge for year27,31827,318
At 31 May 2482,06082,060
Net book value
At 31 May 24--
At 31 May 2327,31827,318
4.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 June 2317,22846,91864,146
Additions-625625
Disposals(17,228)(37,428)(54,656)
At 31 May 24-10,11510,115
Depreciation and impairment
At 01 June 2317,22836,95554,183
Charge for year-2,0232,023
On disposals(17,228)(33,159)(50,387)
At 31 May 24-5,8195,819
Net book value
At 31 May 24-4,2964,296
At 31 May 23-9,9639,963
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,470786
Bank borrowings and overdrafts10,64710,808
Taxation and social security63,82053,843
Other creditors4,7724,460
Total80,70969,897
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts14,97024,790
Total14,97024,790