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REGISTERED NUMBER: 07152878 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

ILLUMINATE COMPLIANCE AND RISK
CONSULTANCY LIMITED

ILLUMINATE COMPLIANCE AND RISK
CONSULTANCY LIMITED (REGISTERED NUMBER: 07152878)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ILLUMINATE COMPLIANCE AND RISK
CONSULTANCY LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs M Weddell



REGISTERED OFFICE: Chesham Green
Chesham Road
Bury
Lancashire
BL9 6SS



REGISTERED NUMBER: 07152878 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: HSBC Bank Plc
25 Deansgate
Bolton
Lancashire
BL1 1HG

ILLUMINATE COMPLIANCE AND RISK
CONSULTANCY LIMITED (REGISTERED NUMBER: 07152878)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,237 30,398
Investments 5 4,913 4,913
Investment property 6 293,604 293,604
326,754 328,915

CURRENT ASSETS
Debtors 7 18,623 448
Cash at bank 52,128 8,700
70,751 9,148
CREDITORS
Amounts falling due within one year 8 40,500 27,159
NET CURRENT ASSETS/(LIABILITIES) 30,251 (18,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,005

310,904

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 356,905 310,804
SHAREHOLDERS' FUNDS 357,005 310,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mrs M Weddell - Director


ILLUMINATE COMPLIANCE AND RISK
CONSULTANCY LIMITED (REGISTERED NUMBER: 07152878)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Illuminate Compliance and Risk Consultancy 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold improvements - Over the period of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Fixed Asset Investments

Fixed assets investments are initially recorded at cost.

Investment property
Investment property is initially recorded at cost.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ILLUMINATE COMPLIANCE AND RISK
CONSULTANCY LIMITED (REGISTERED NUMBER: 07152878)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Long Fixtures
leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 34,033 8,841 2,392 45,266
DEPRECIATION
At 1 March 2022 10,210 2,659 1,999 14,868
Charge for year 1,134 928 99 2,161
At 28 February 2023 11,344 3,587 2,098 17,029
NET BOOK VALUE
At 28 February 2023 22,689 5,254 294 28,237
At 28 February 2022 23,823 6,182 393 30,398

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
28.2.23 28.2.22
£    £   
Fixed asset investment 4,913 4,913

6. INVESTMENT PROPERTY

Included within investments is an investment property showing at its cost of £293,604. It was not considered that the open market value of the property would have changed materially by the year end therefore the value has been left at £293,604.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 18,360 -
Other debtors 263 448
18,623 448

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 26,044 9,356
Other creditors 14,456 17,803
40,500 27,159

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Weddell.