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Company Registration No. 03030912 (England and Wales)
The Risk Factor Limited Unaudited accounts for the year ended 31 January 2023
The Risk Factor Limited Unaudited accounts Contents
Page
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The Risk Factor Limited Company Information for the year ended 31 January 2023
Directors
Mrs Rhiannon Petty Mr Keith Holmes
Company Number
03030912 (England and Wales)
Registered Office
23 WOODLANDS DRIVE HARROGATE HG2 7AT ENGLAND
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The Risk Factor Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,149 
1,729 
Current assets
Debtors
326,174 
357,554 
Cash at bank and in hand
153,533 
67,646 
479,707 
425,200 
Creditors: amounts falling due within one year
(59,965)
(64,653)
Net current assets
419,742 
360,547 
Total assets less current liabilities
421,891 
362,276 
Creditors: amounts falling due after more than one year
(41,772)
(53,900)
Provisions for liabilities
Deferred tax
- 
(454)
Net assets
380,119 
307,922 
Capital and reserves
Called up share capital
15,780 
15,780 
Profit and loss account
364,339 
292,142 
Shareholders' funds
380,119 
307,922 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
Mrs Rhiannon Petty Director Company Registration No. 03030912
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The Risk Factor Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
The Risk Factor Limited is a private company, limited by shares, registered in England and Wales, registration number 03030912. The registered office is 23 WOODLANDS DRIVE, HARROGATE, HG2 7AT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
9,973 
Additions
1,750 
At 31 January 2023
11,723 
Depreciation
At 1 February 2022
8,244 
Charge for the year
1,330 
At 31 January 2023
9,574 
Net book value
At 31 January 2023
2,149 
At 31 January 2022
1,729 
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The Risk Factor Limited Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,431 
168,888 
Accrued income and prepayments
23,826 
20,985 
Other debtors
380 
- 
73,637 
189,873 
Amounts falling due after more than one year
Other debtors
252,537 
167,681 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,826 
818 
Trade creditors
20,401 
21,688 
Taxes and social security
24,707 
24,306 
Other creditors
2,759 
1,416 
Accruals
3,272 
16,425 
59,965 
64,653 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,333 
43,333 
Other creditors
8,439 
10,567 
41,772 
53,900 
8
Average number of employees
During the year the average number of employees was 9 (2022: 7).
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