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REGISTERED NUMBER: 08578525 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Risk Magic Limited

Risk Magic Limited (Registered number: 08578525)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Risk Magic Limited

Company Information
for the Year Ended 30 June 2018







DIRECTOR: M J Quartly





SECRETARY:





REGISTERED OFFICE: Mill Barn
Home Farm
Buckland
Faringdon
SN7 8RG





REGISTERED NUMBER: 08578525 (England and Wales)





ACCOUNTANTS: Smiths Chartered Accountants
Unit 114 Boston House
Grove Technology Park
Wantage
Oxfordshire
OX12 9FF

Risk Magic Limited (Registered number: 08578525)

Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 133

CURRENT ASSETS
Debtors 5 15,493 18,929
Cash at bank 28,307 54,511
43,800 73,440
CREDITORS
Amounts falling due within one year 6 36,490 29,381
NET CURRENT ASSETS 7,310 44,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,310

44,192

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 7,210 44,092
SHAREHOLDERS' FUNDS 7,310 44,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 7 November 2018 and were signed by:





M J Quartly - Director


Risk Magic Limited (Registered number: 08578525)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Risk Magic 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Risk Magic Limited (Registered number: 08578525)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2017
and 30 June 2018 2,445
DEPRECIATION
At 1 July 2017 2,312
Charge for year 133
At 30 June 2018 2,445
NET BOOK VALUE
At 30 June 2018 -
At 30 June 2017 133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade debtors 7,286 18,929
Other debtors 8,207 -
15,493 18,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade creditors 21,410 8,592
Taxation and social security 14,392 16,830
Other creditors 688 3,959
36,490 29,381

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.18 30.6.17
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 July 2017 44,092
Profit for the year 27,118
Dividends (64,000 )
At 30 June 2018 7,210

Risk Magic Limited (Registered number: 08578525)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and
30 June 2017:

30.6.18 30.6.17
£    £   
M J Quartly
Balance outstanding at start of year (2,179 ) (1,181 )
Amounts advanced 18,100 8,800
Amounts repaid (7,713 ) (9,798 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,208 (2,179 )

The loan will be repaid before 31st March 2019.