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REGISTERED NUMBER: 07349541 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Ainsty Risk Consulting Limited

Ainsty Risk Consulting Limited (Registered number: 07349541)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ainsty Risk Consulting Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D M Hirst
F M Hirst





REGISTERED OFFICE: York Eco Business Centre
Amy Johnson Way
Clifton Moor
York
North Yorkshire
YO30 4AG





REGISTERED NUMBER: 07349541 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Ainsty Risk Consulting Limited (Registered number: 07349541)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,902 2,380

CURRENT ASSETS
Debtors 5 18,224 46,878
Cash at bank 60,709 83,607
78,933 130,485
CREDITORS
Amounts falling due within one year 6 7,139 32,648
NET CURRENT ASSETS 71,794 97,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,696

100,217

PROVISIONS FOR LIABILITIES 7 - 452
NET ASSETS 73,696 99,765

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 73,596 99,665
SHAREHOLDERS' FUNDS 73,696 99,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ainsty Risk Consulting Limited (Registered number: 07349541)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





D M Hirst - Director


Ainsty Risk Consulting Limited (Registered number: 07349541)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Ainsty Risk Consulting 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.

There were no material departures from that standard.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

The directors consider that the improvements to property are maintained in such a state of repair that the residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews in accordance with FRS 102 to ensure that the carrying value is not lower than the recoverable amount.

Government grants
Revenue based grants are credited to the profit and loss account when entitled.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ainsty Risk Consulting Limited (Registered number: 07349541)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work in progress
Work in progress is valued at the lower of cost and net realisable value, based on time accrued for work performed but not yet invoiced.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 2,144 12,352 14,496
Additions 374 - 374
At 30 June 2023 2,518 12,352 14,870
DEPRECIATION
At 1 July 2022 107 12,009 12,116
Charge for year 509 343 852
At 30 June 2023 616 12,352 12,968
NET BOOK VALUE
At 30 June 2023 1,902 - 1,902
At 30 June 2022 2,037 343 2,380

Ainsty Risk Consulting Limited (Registered number: 07349541)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,707 45,415
Other debtors 1,928 -
Deferred tax asset 3,732 -
Prepayments and accrued income 1,857 1,463
18,224 46,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 72 -
Taxation and social security 4,531 13,847
Directors' current accounts 1,286 3,741
Accruals and deferred income 1,250 15,060
7,139 32,648

7. PROVISIONS FOR LIABILITIES
2022
£   
Deferred tax 452

Deferred
tax
£   
Balance at 1 July 2022 452
Provided during year (4,184 )
Balance at 30 June 2023 (3,732 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

2023 2022
£ £
Personnel of the entity:

Amount due to director 1,286 3,741

No interest has been charged.