Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Dominika Sieradzka-Maccuirc 05/06/2018 09 October 2023 The principal activity of the Company during the financial year was practice management consultancy. 11397990 2023-06-30 11397990 bus:Director1 2023-06-30 11397990 2022-06-30 11397990 core:CurrentFinancialInstruments 2023-06-30 11397990 core:CurrentFinancialInstruments 2022-06-30 11397990 core:ShareCapital 2023-06-30 11397990 core:ShareCapital 2022-06-30 11397990 core:RetainedEarningsAccumulatedLosses 2023-06-30 11397990 core:RetainedEarningsAccumulatedLosses 2022-06-30 11397990 core:OtherPropertyPlantEquipment 2022-06-30 11397990 core:OtherPropertyPlantEquipment 2023-06-30 11397990 bus:OrdinaryShareClass1 2023-06-30 11397990 2022-07-01 2023-06-30 11397990 bus:FilletedAccounts 2022-07-01 2023-06-30 11397990 bus:SmallEntities 2022-07-01 2023-06-30 11397990 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11397990 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11397990 bus:Director1 2022-07-01 2023-06-30 11397990 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-07-01 2023-06-30 11397990 2021-07-01 2022-06-30 11397990 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 11397990 core:CurrentFinancialInstruments 2022-07-01 2023-06-30 11397990 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11397990 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 11397990 1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11397990 (England and Wales)

RIE SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

RIE SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

RIE SOLUTIONS LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
RIE SOLUTIONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTOR Dominika Sieradzka-Maccuirc
REGISTERED OFFICE C/O Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
COMPANY NUMBER 11397990 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
RIE SOLUTIONS LIMITED

BALANCE SHEET

As at 30 June 2023
RIE SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,185 976
1,185 976
Current assets
Debtors 4 341 1,472
Cash at bank and in hand 38,126 33,391
38,467 34,863
Creditors: amounts falling due within one year 5 ( 22,210) ( 22,381)
Net current assets 16,257 12,482
Total assets less current liabilities 17,442 13,458
Net assets 17,442 13,458
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 17,441 13,457
Total shareholder's funds 17,442 13,458

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of RIE Solutions Limited (registered number: 11397990) were approved and authorised for issue by the Director on 09 October 2023. They were signed on its behalf by:

Dominika Sieradzka-Maccuirc
Director
RIE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
RIE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RIE Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Praxis, 1 Poultry, London, EC2R 8EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2022 1,255 1,255
Additions 664 664
At 30 June 2023 1,919 1,919
Accumulated depreciation
At 01 July 2022 279 279
Charge for the financial year 455 455
At 30 June 2023 734 734
Net book value
At 30 June 2023 1,185 1,185
At 30 June 2022 976 976

4. Debtors

2023 2022
£ £
Trade debtors 179 1,192
Other debtors 162 280
341 1,472

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,950 1,846
Taxation and social security 16,647 14,794
Other creditors 3,613 5,741
22,210 22,381

Included within other creditors is an amount due to a director totalling £1,798 (2022: £4,097) in respect of expenses paid on behalf of the company. The amount is repayable on demand and does not bear interest.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1

7. Financial commitments

The Company had no material capital commitments at the year ended 30 June 2023.

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.