Company Registration No. 5559224 (England and Wales)
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Unaudited accounts
for the year ended 31 August 2023
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Unaudited accounts
Contents
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Company Information
for the year ended 31 August 2023
Directors
STEPHEN JAMES SMITH
SHARON ELAINE SMITH
Secretary
SHARON ELAINE SMITH
Company Number
5559224 (England and Wales)
Registered Office
251 OUNDLE ROAD
Woodston
PETERBOROUGH
CAMBRIDGESHIRE
PE2 9QY
United Kingdom
Accountants
LeeP Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD for the year ended
31 August 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD, as a body, in accordance with the terms of our engagement letter dated 11 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD and state those matters that we have agreed to state to the Board of Directors of SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SPHERE RISK HEALTH & SAFETY MANAGEMENT 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 SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD. You consider that SPHERE RISK HEALTH & SAFETY MANAGEMENT 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 SPHERE RISK HEALTH & SAFETY MANAGEMENT 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.
LeeP Accountants
Chartered Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
1 December 2023
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Statement of financial position
as at 31 August 2023
Intangible assets
3,180
4,740
Tangible assets
12,538
8,083
Cash at bank and in hand
18,977
32,950
Creditors: amounts falling due within one year
(59,604)
(46,746)
Net current assets
14,307
25,262
Total assets less current liabilities
30,025
38,085
Creditors: amounts falling due after more than one year
(24,913)
(33,556)
Provisions for liabilities
Deferred tax
(2,710)
(1,536)
Other provisions
(1,400)
(1,269)
Called up share capital
100
100
Profit and loss account
902
1,624
Shareholders' funds
1,002
1,724
For the year ending 31 August 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 2 February 2024 and were signed on its behalf by
STEPHEN JAMES SMITH
Director
Company Registration No. 5559224
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 August 2023
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 5559224. The registered office is 251 OUNDLE ROAD, Woodston, PETERBOROUGH, CAMBRIDGESHIRE, PE2 9QY, United Kingdom.
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.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill
At 1 September 2022
30,600
At 1 September 2022
25,860
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
4,051
18,635
21,215
43,901
At 31 August 2023
4,051
18,635
29,662
52,348
At 1 September 2022
4,051
13,709
18,058
35,818
Charge for the year
-
739
3,253
3,992
At 31 August 2023
4,051
14,448
21,311
39,810
At 31 August 2023
-
4,187
8,351
12,538
At 31 August 2022
-
4,926
3,157
8,083
Amounts falling due within one year
Trade debtors
27,264
20,876
Accrued income and prepayments
13,581
10,660
Other debtors
14,089
7,522
SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 August 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,348
4,247
Taxes and social security
34,571
29,689
Loans from directors
(22,000)
(16,805)
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).