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Company Registration No. 04346234 (England and Wales)
Risk Reward Ltd Unaudited accounts for the year ended 30 June 2023
Risk Reward Ltd Unaudited accounts Contents
Page
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Risk Reward Ltd Company Information for the year ended 30 June 2023
Director
D W COX
Company Number
04346234 (England and Wales)
Registered Office
47c Skylines Village, Limeharbour Second Floor London E14 9TS England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Risk Reward Ltd Accountants' report
Accountants' report to the director of Risk Reward Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Risk Reward Ltd for the year ended 30 June 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Risk Reward Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Risk Reward Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Risk Reward Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Risk Reward Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Risk Reward Ltd. You consider that Risk Reward Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Risk Reward Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 23 October 2023
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Risk Reward Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
390,000 
390,000 
Tangible assets
12,268 
10,005 
402,268 
400,005 
Current assets
Inventories
51,450 
51,450 
Debtors
42,375 
103,563 
Cash at bank and in hand
75,066 
83,660 
168,891 
238,673 
Creditors: amounts falling due within one year
(90,491)
(101,273)
Net current assets
78,400 
137,400 
Total assets less current liabilities
480,668 
537,405 
Creditors: amounts falling due after more than one year
(49,583)
(97,246)
Net assets
431,085 
440,159 
Capital and reserves
Called up share capital
10,000 
10,000 
Capital contribution reserve
125,000 
125,000 
Profit and loss account
296,085 
305,159 
Shareholders' funds
431,085 
440,159 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 23 October 2023 and were signed on its behalf by
D W COX Director Company Registration No. 04346234
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Risk Reward Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Risk Reward Ltd is a private company, limited by shares, registered in England and Wales, registration number 04346234. The registered office is 47c Skylines Village, Limeharbour, Second Floor, London, E14 9TS, 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.
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:
Plant & machinery
25 % reducing balance
Motor vehicles
25 % reducing balance
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.
Intangible fixed assets
INTANGIBLE ASSETS Intangible assets represent the acquisition/restructuring costs for the business and are at cost. They are reviewed on an annual basis and include the Buckley Alan Limited acquisition.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Risk Reward Ltd Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
390,000 
At 30 June 2023
390,000 
Amortisation
At 1 July 2022
- 
At 30 June 2023
- 
Net book value
At 30 June 2023
390,000 
At 30 June 2022
390,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
44,706 
- 
44,706 
Additions
564 
5,500 
6,064 
At 30 June 2023
45,270 
5,500 
50,770 
Depreciation
At 1 July 2022
34,701 
- 
34,701 
Charge for the year
2,588 
1,213 
3,801 
At 30 June 2023
37,289 
1,213 
38,502 
Net book value
At 30 June 2023
7,981 
4,287 
12,268 
At 30 June 2022
10,005 
- 
10,005 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,447 
82,347 
Other debtors
37,928 
21,216 
42,375 
103,563 
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Risk Reward Ltd Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
47,661 
54,885 
VAT
(4,139)
1,451 
Trade creditors
13,179 
21,235 
Taxes and social security
1,324 
6,875 
Other creditors
15,928 
15,454 
Loans from directors
14,657 
60 
Accruals
1,881 
1,313 
90,491 
101,273 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,583 
97,246 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
D W COX
Director Loan Account
(62)
69,432 
84,027 
(14,657)
(62)
69,432 
84,027 
(14,657)
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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