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REGISTERED NUMBER: 05901648 (England and Wales)



















RISK ASSESSMENT SOLUTIONS LTD

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






RISK ASSESSMENT SOLUTIONS LTD (REGISTERED NUMBER: 05901648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


RISK ASSESSMENT SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr N W Heap





SECRETARY: Mr G S Parkin





REGISTERED OFFICE: New Chandos House Unit 10
Belmore Way
Derby
Derbyshire
DE21 7AZ





REGISTERED NUMBER: 05901648 (England and Wales)





AUDITORS: Johnson Tidsall Limited
Chartered Accountants
& Statutory Auditor
81 Burton Road
Derby
Derbyshire
DE1 1TJ

RISK ASSESSMENT SOLUTIONS LTD (REGISTERED NUMBER: 05901648)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 57,513 65,098
Cash at bank 3,034 21,803
60,547 86,901
CREDITORS
Amounts falling due within one year 5 60,513 34,889
NET CURRENT ASSETS 34 52,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

34

52,012

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (66 ) 51,912
SHAREHOLDERS' FUNDS 34 52,012

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





Mr N W Heap - Director


RISK ASSESSMENT SOLUTIONS LTD (REGISTERED NUMBER: 05901648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Risk Assessment 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.

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Debtors
Short term debtors are measured at transaction price, less impairment.

Cash & cash equivalents
Cash is represented by cash in hand and deposits within financial institutions.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

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

RISK ASSESSMENT SOLUTIONS LTD (REGISTERED NUMBER: 05901648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,357 36,796
Amounts owed by group undertakings 26,954 26,954
Prepayments and accrued income 202 1,348
57,513 65,098

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,673 12,731
Amounts owed to group undertakings 45,260 -
Corporation tax 1,881 246
VAT 1,556 19,852
Other creditors 143 143
Accruals and deferred income 4,000 1,917
60,513 34,889

6. CALLED UP SHARE CAPITAL

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

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Minns FCA (Senior Statutory Auditor)
for and on behalf of Johnson Tidsall Limited

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N W Heap.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The ultimate parent undertaking and controlling party of the company is Namco Finance Limited and this is the group in which Risk Assessment Solutions Limited is consolidated for the year ended 31 December 2023. The consolidated financial statements of Namco Finance Limited are available from its head office at New Chandos House, Unit 10, Belmore Way, Derby, DE21 7AZ.