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REGISTERED NUMBER: 05879322 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Enterprise Risk Solutions Ltd

Enterprise Risk Solutions Ltd (Registered number: 05879322)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Enterprise Risk Solutions Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs E L Simmons
D S Simmons





SECRETARY: Mrs E L Simmons





REGISTERED OFFICE: 11 Hay Green
Danbury
Chelmsford
Essex
CM3 4NU





REGISTERED NUMBER: 05879322 (England and Wales)





ACCOUNTANTS: Sygma Chartered Accountants
1 Sopwith Crescent
Wickford
Essex
SS11 8YU

Enterprise Risk Solutions Ltd (Registered number: 05879322)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 239 319
Investments 5 50,031 48,669
50,270 48,988

CURRENT ASSETS
Cash at bank 69,608 69,957

CREDITORS
Amounts falling due within one year 6 2,577 2,577
NET CURRENT ASSETS 67,031 67,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,301

116,368

PROVISIONS FOR LIABILITIES 44 59
NET ASSETS 117,257 116,309

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,157 116,209
SHAREHOLDERS' FUNDS 117,257 116,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Enterprise Risk Solutions Ltd (Registered number: 05879322)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





D S Simmons - Director


Enterprise Risk Solutions Ltd (Registered number: 05879322)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Enterprise Risk Solutions Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Enterprise Risk Solutions Ltd (Registered number: 05879322)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 3,699
DEPRECIATION
At 1 August 2022 3,380
Charge for year 80
At 31 July 2023 3,460
NET BOOK VALUE
At 31 July 2023 239
At 31 July 2022 319

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 August 2022 48,669
Revaluations 1,362
At 31 July 2023 50,031
NET BOOK VALUE
At 31 July 2023 50,031
At 31 July 2022 48,669

Enterprise Risk Solutions Ltd (Registered number: 05879322)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 July 2023 is represented by:

Other
investment
£   
Valuation in 2015 21,476
Valuation in 2016 (2,285 )
Valuation in 2017 (3,583 )
Valuation in 2018 38,758
Valuation in 2019 (501 )
Valuation in 2020 (3,901 )
Valuation in 2021 2,370
Valuation in 2022 (3,665 )
Valuation in 2023 1,362
50,031

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 57,550 57,550

Fixed asset investments were valued on an open market basis on 31 July 2023 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 2,577 2,577