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Registration number: 07729380

Willow Business Consulting Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

Willow Business Consulting Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Willow Business Consulting Limited

(Registration number: 07729380)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

865

1,154

Current assets

 

Debtors

49,788

48,939

Cash at bank and in hand

 

1,715

5,195

 

51,503

54,134

Creditors: Amounts falling due within one year

6

(25,327)

(29,859)

Net current assets

 

26,176

24,275

Total assets less current liabilities

 

27,041

25,429

Creditors: Amounts falling due after more than one year

7

(21,159)

(25,322)

Net assets

 

5,882

107

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

5,872

97

Total equity

 

5,882

107

 

Willow Business Consulting Limited

(Registration number: 07729380)
Abridged Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 March 2025
 

Mr B J F Leighton

Director

 

Willow Business Consulting Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 21 March 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

 

Willow Business Consulting Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Intangible assets

Total
£

Cost or valuation

At 1 September 2023

30,187

At 31 August 2024

30,187

Amortisation

At 1 September 2023

30,187

At 31 August 2024

30,187

Carrying amount

At 31 August 2024

-

5

Tangible assets

Total
£

Cost or valuation

At 1 September 2023

5,389

At 31 August 2024

5,389

Depreciation

At 1 September 2023

4,235

Charge for the year

289

At 31 August 2024

4,524

Carrying amount

At 31 August 2024

865

At 31 August 2023

1,154

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £5,016 (2023 - £4,764).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £21,159 (2023 - £25,322).

 

Willow Business Consulting Limited

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

8

Related party transactions

Advances to directors

Mr B J F Leighton

During the period Mr B J F Leighton went overdrawn on his directors' loan account. The maximum overdrawn balance during the year was £69,477 (2023 - £78,398). At the year end the amount outstanding from Mr B J F Leighton was £45,843 (2023 - £40,419). Interest is charged at the commercial rate.