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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
Page
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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
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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
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SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,180 
4,740 
Tangible assets
12,538 
8,083 
15,718 
12,823 
Current assets
Debtors
54,934 
39,058 
Cash at bank and in hand
18,977 
32,950 
73,911 
72,008 
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)
(4,110)
(2,805)
Net assets
1,002 
1,724 
Capital and reserves
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
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SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
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SPHERE RISK HEALTH & SAFETY MANAGEMENT LTD Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
30,600 
At 31 August 2023
30,600 
Amortisation
At 1 September 2022
25,860 
Charge for the year
1,560 
At 31 August 2023
27,420 
Net book value
At 31 August 2023
3,180 
At 31 August 2022
4,740 
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 
Additions
- 
- 
8,447 
8,447 
At 31 August 2023
4,051 
18,635 
29,662 
52,348 
Depreciation
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 
Net book value
At 31 August 2023
- 
4,187 
8,351 
12,538 
At 31 August 2022
- 
4,926 
3,157 
8,083 
6
Debtors
2023 
2022 
£ 
£ 
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 
54,934 
39,058 
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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 
£ 
£ 
VAT
16,732 
22,597 
Trade creditors
18,348 
4,247 
Taxes and social security
34,571 
29,689 
Other creditors
2,805 
575 
Loans from directors
(22,000)
(16,805)
Accruals
5,853 
6,443 
Deferred income
3,295 
- 
59,604 
46,746 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,913 
33,556 
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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