INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Company Registration Number:
03586015 (England and Wales)

Unaudited micro entity accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Footnotes to the Balance Sheet - 8

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Company Information

for the Period Ended 30 June 2024




Director: Dr Charles Omorodion
Registered office: 48
West Ham Lane
Stratford
London
England
E15 4PT
Company Registration Number: 03586015 (England and Wales)

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal Activities

Provision of research and business development consultancy

Political and charitable donations

None

Company policy on the employment of disabled persons

We are an equal opportunity companies

Directors

The directors shown below have held office during the whole of the period from 01 July 2023 to 30 June 2024
Dr Charles Omorodion

This report was approved by the board of directors on 1 February 2025
And Signed On Behalf Of The Board By:

Name: Dr Charles Omorodion
Status: Director

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 30 June 2024


2024
£

2023
£
Gross turnover (not including turnover from inside OPW engagements) 110,050 61,200
Gross turnover from inside OPW engagements 0 -
Deductions from gross turnover from inside OPW engagements ( 0 ) -
Cost of Materials ( 52,410 ) ( 21,038 )
Staff Costs ( 42,169 ) ( 33,420 )
Depreciation and Writeoffs - ( 850 )
Other charges ( 15,471 ) ( 5,892 )
Surplus or (Deficit) for Period 0 0

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Balance sheet

As at 30 June 2024


2024
£

2023
£
Fixed Assets: 5,600 5,600
Current assets: 8,500 4,250
Creditors: amounts falling due within one year: ( 7,500 ) ( 2,360 )
Net current assets (liabilities): 1,000 1,890
Total assets less current liabilities: 6,600 7,490
Total net assets (liabilities): 6,600 7,490
Reserves: 6,600 7,490

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Balance sheet continued

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 1 February 2025
And Signed On Behalf Of The Board By:

Name: Dr Charles Omorodion
Status: Director

The notes form part of these financial statements

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Footnotes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Employee Information

    Average number of employees: 3

INSTITUTE OF SMALL BUSINESS MANAGEMENT

Company limited by guarantee

Footnotes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Off balance sheet disclosure

    No