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Registration number: 03143682

Riksson Services Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2023

 

Riksson Services Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Abridged Balance Sheet

5 to 6

Notes to the Unaudited Abridged Financial Statements

7 to 12

 

Riksson Services Ltd

Company Information

Director

Dr Sten Thomas Fredriksson

Company secretary

Miss Victoria Fredriksson

Registered office

The Mews
Queen Street
Colyton
Devon
EX24 6JU

Accountants

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

 

Riksson Services Ltd

Director's Report for the Year Ended 30 June 2023

The director presents his report and the abridged financial statements for the year ended 30 June 2023.

Director of the company

The director who held office during the year was as follows:

Dr Sten Thomas Fredriksson

Principal activity

The principal activity of the company is provision of medical services

Going concern

The Directors consider it appropriate to prepare the financial statements on a going concern basis as they will continue to support it from the date of these financial statements.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 5 March 2024 and signed on its behalf by:

Dr Sten Thomas Fredriksson
Director

   
     
 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Riksson Services Ltd
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Riksson Services Ltd for the year ended 30 June 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Riksson Services Ltd, as a body, in accordance with the terms of our engagement letter dated 10 November 2005. Our work has been undertaken solely to prepare for your approval the accounts of Riksson Services Ltd and state those matters that we have agreed to state to the Board of Directors of Riksson Services Ltd, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riksson Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Riksson Services 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 loss of Riksson Services Ltd. You consider that Riksson Services 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 Riksson Services 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.




CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

5 March 2024

 

Riksson Services Ltd

Abridged Profit and Loss Account for the Year Ended 30 June 2023

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Riksson Services Ltd

(Registration number: 03143682)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

121,713

122,995

Current assets

 

Debtors

5

4,376

4,375

Cash at bank and in hand

 

5,177

13,971

 

9,553

18,346

Prepayments and accrued income

 

1,235

907

Creditors: Amounts falling due within one year

(149,580)

(151,208)

Net current liabilities

 

(138,792)

(131,955)

Total assets less current liabilities

 

(17,079)

(8,960)

Accruals and deferred income

 

(1,530)

(1,422)

Net liabilities

 

(18,609)

(10,382)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(18,709)

(10,482)

Shareholders' deficit

 

(18,609)

(10,382)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Riksson Services Ltd

(Registration number: 03143682)
Abridged Balance Sheet as at 30 June 2023

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 5 March 2024
 


Dr Sten Thomas Fredriksson
Director

 

Riksson Services Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Mews
Queen Street
Colyton
Devon
EX24 6JU
England

The principal place of business is:
Brostadbakken 46
9311
Norway

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Riksson Services Ltd

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance basis

Plant and machinery

25% reducing balance basis

Fixtures and fittings

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Riksson Services Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Riksson Services Ltd

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

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 July 2022

116,790

1,682

4,511

15,574

138,557

Additions

-

-

-

359

359

At 30 June 2023

116,790

1,682

4,511

15,933

138,916

Depreciation

At 1 July 2022

-

929

3,899

10,734

15,562

Charge for the year

-

188

153

1,300

1,641

At 30 June 2023

-

1,117

4,052

12,034

17,203

Carrying amount

At 30 June 2023

116,790

565

459

3,899

121,713

At 30 June 2022

116,790

753

612

4,840

122,995

Included within the net book value of land and buildings above is £116,790 (2022 - £116,790) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

ordinary of £1 each

100

100

100

100

       
 

Riksson Services Ltd

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

7

Dividends

2023

2022

£

£

Interim dividend of £Nil (2022 - £600.00) per ordinary share

-

30,000

 

 

8

Related party transactions

 

Riksson Services Ltd

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

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

6,822

8,734