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Registration number: 13137592

Ring0 Security Ltd

Annual Report and Unaudited Financial Statements

for the Period from 15 January 2021 to 31 January 2022

 

Ring0 Security Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ring0 Security Ltd

Company Information

Director

Mr S D L Caise

Registered office

Henleaze Business Centre
Harbury Road
Bristol
BS9 4PN

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS

 

Ring0 Security Ltd

(Registration number: 13137592)
Balance Sheet as at 31 January 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

1,223

Current assets

 

Cash at bank and in hand

 

3,791

Creditors: Amounts falling due within one year

5

(7,742)

Net current liabilities

 

(3,951)

Net liabilities

 

(2,728)

Capital and reserves

 

Called up share capital

1

Retained earnings

(2,729)

Shareholders' deficit

 

(2,728)

For the financial period ending 31 January 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 accounts for the period 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.

Approved and authorised by the director on 25 August 2022
 

.........................................
Mr S D L Caise
Director

 

Ring0 Security Ltd

Notes to the Unaudited Financial Statements for the Period from 15 January 2021 to 31 January 2022

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:
Henleaze Business Centre
Harbury Road
Bristol
BS9 4PN

These financial statements were authorised for issue by the director on 25 August 2022.

The company registration number is 13137592

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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 that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ring0 Security Ltd

Notes to the Unaudited Financial Statements for the Period from 15 January 2021 to 31 January 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,835

1,835

At 31 January 2022

1,835

1,835

Depreciation

Charge for the period

612

612

At 31 January 2022

612

612

Carrying amount

At 31 January 2022

1,223

1,223

 

Ring0 Security Ltd

Notes to the Unaudited Financial Statements for the Period from 15 January 2021 to 31 January 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Taxation and social security

6,987

Other creditors

755

7,742

6

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary of £1 each

1

1