S & B Management Consultants Limited 31/12/2022 iXBRL

S & B Management Consultants Limited 31/12/2022 iXBRL

S & B MANAGEMENT CONSULTANTS LTD - Company Information

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0 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06769666 2022-01-01 2022-12-31 06769666 2022-12-31 06769666 2021-12-31 06769666 bus:Director1 2022-01-01 2022-12-31 06769666 core:WithinOneYear 2022-12-31 06769666 core:WithinOneYear 2021-12-31 06769666 core:ShareCapital 2022-12-31 06769666 core:ShareCapital 2021-12-31 06769666 core:RetainedEarningsAccumulatedLosses 2022-12-31 06769666 core:RetainedEarningsAccumulatedLosses 2021-12-31 06769666 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 06769666 core:Non-currentFinancialInstruments 2022-12-31 06769666 core:Non-currentFinancialInstruments 2021-12-31 06769666 bus:Director1 2021-12-31 06769666 bus:Director1 2022-12-31 06769666 bus:Director1 2020-12-31 06769666 bus:Director1 2021-12-31 06769666 bus:Director1 2021-01-01 2021-12-31 06769666 bus:SmallEntities 2022-01-01 2022-12-31 06769666 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06769666 bus:FullAccounts 2022-01-01 2022-12-31 06769666 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 06769666 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Company registration number: 06769666
S & B Management Consultants Limited
Unaudited filleted financial statements
31 December 2022
S & B Management Consultants Limited
Contents
Statement of financial position
Notes to the financial statements
S & B Management Consultants Limited
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Fixed assets
Investments 4 308,000 308,000
_______ _______
308,000 308,000
Current assets
Cash at bank and in hand 1,000 -
_______ _______
1,000 -
Creditors: amounts falling due
within one year 5 ( 731) ( 706)
_______ _______
Net current assets/(liabilities) 269 ( 706)
_______ _______
Total assets less current liabilities 308,269 307,294
_______ _______
Net assets 308,269 307,294
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 6 308,268 307,293
_______ _______
Shareholders funds 308,269 307,294
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 February 2023 , and are signed on behalf of the board by:
Mr S I Brittle
Director
Company registration number: 06769666
S & B Management Consultants Limited
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2022 and 31 December 2022 308,000 308,000
_______ _______
Impairment
At 1 January 2022 and 31 December 2022 - -
_______ _______
Carrying amount
At 31 December 2022 308,000 308,000
_______ _______
At 31 December 2021 308,000 308,000
_______ _______
5. Creditors: amounts falling due within one year
2022 2021
£ £
Other creditors 731 706
_______ _______
6. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr S I Brittle ( 93) 75 ( 18)
_______ _______ _______
2021
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr S I Brittle ( 81) ( 12) ( 93)
_______ _______ _______
8. Controlling party
The company is under the control of Mr S I Brittle .