REGISTERED NUMBER: 06867610 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

UBUNTU CONSULTING SERVICES LIMITED

Page

Company Information

1

Report of the Director

2

Report of the Accountants

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTOR:

Mr M E Ettling

REGISTERED OFFICE:

Ground Floor Marlborough House,

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

06867610 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of consultancy and advisory services.

DIRECTOR

Mr M E Ettling held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr M E Ettling - Director

6 April 2025

In accordance with the engagement letter , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

7 April 2025

TURNOVER

180,961

75,900

Cost of sales

11,928

3,944

GROSS PROFIT

169,033

71,956

Administrative expenses

159,573

100,746

OPERATING PROFIT/(LOSS)

9,460

(28,790

)

Interest payable and similar expenses

36,559

29,182

LOSS BEFORE TAXATION

(27,099

)

(57,972

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(27,099

)

(57,972

)

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

248,375

248,375

248,375

248,375

CURRENT ASSETS

Debtors

6

384,466

-

Cash at bank

1,215

1,233

385,681

1,233

CREDITORS

Amounts falling due within one year

7

465,965

84,812

NET CURRENT LIABILITIES

(80,284

)

(83,579

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168,091

164,796

CREDITORS

Amounts falling due after more than one year

8

320,083

289,713

NET LIABILITIES

(151,992

)

(124,917

)

CAPITAL AND RESERVES

Called up share capital

9

25

1

Retained earnings

10

(152,017

)

(124,918

)

SHAREHOLDERS' FUNDS

(151,992

)

(124,917

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 6 April 2025 and were signed by:

Mr M E Ettling - Director

1.	STATUTORY INFORMATION

Ubuntu Consulting Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2023

and 31 August 2024

5,011

DEPRECIATION

At 1 September 2023

and 31 August 2024

5,011

NET BOOK VALUE

At 31 August 2024

-

At 31 August 2023

-

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 September 2023

and 31 August 2024

248,375

NET BOOK VALUE

At 31 August 2024

248,375

At 31 August 2023

248,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

157,772

-

Other debtors

2,016

-

Prepayments

224,678

-

384,466

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

5,812

5,812

Other creditors

18,571

21,278

Director's current account

439,734

56,042

Accruals and deferred income

1,848

1,680

465,965

84,812

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans - 2-5 years

4,777

10,621

Directors' loan accounts

315,306

279,092

320,083

289,713

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

25

Ordinary

1

25

1

10.

RESERVES

Retained

earnings

£

At 1 September 2023

(124,918

)

Deficit for the year

(27,099

)

At 31 August 2024

(152,017

)

11.	RELATED PARTY DISCLOSURES

12.

TAXATION

The company has carried forward losses of £60,791 (2023 - £58,300) which it can use against future taxable profits.