Rising Sun Consultancy Limited 09619546 true 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Information technology consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true Mrs Suneeta Kambam Mr Ravi Kambam true 09619546 2023-06-01 2024-05-31 09619546 2024-05-31 09619546 bus:OrdinaryShareClass1 2024-05-31 09619546 core:RetainedEarningsAccumulatedLosses 2024-05-31 09619546 core:ShareCapital 2024-05-31 09619546 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09619546 core:FurnitureFittingsToolsEquipment 2024-05-31 09619546 bus:FRS102 2023-06-01 2024-05-31 09619546 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09619546 bus:FullAccounts 2023-06-01 2024-05-31 09619546 bus:RegisteredOffice 2023-06-01 2024-05-31 09619546 bus:Director1 2023-06-01 2024-05-31 09619546 bus:Director2 2023-06-01 2024-05-31 09619546 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09619546 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 09619546 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09619546 core:OfficeEquipment 2023-06-01 2024-05-31 09619546 countries:England 2023-06-01 2024-05-31 09619546 2023-05-31 09619546 core:FurnitureFittingsToolsEquipment 2023-05-31 09619546 2022-06-01 2023-05-31 09619546 2023-05-31 09619546 bus:OrdinaryShareClass1 2023-05-31 09619546 core:RetainedEarningsAccumulatedLosses 2023-05-31 09619546 core:ShareCapital 2023-05-31 09619546 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09619546 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09619546

Rising Sun Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Rising Sun Consultancy Limited

Profit and Loss Account for the Year Ended 31 May 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Rising Sun Consultancy Limited

(Registration number: 09619546)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,139

1,139

Current assets

 

Cash at bank and in hand

 

96,947

96,947

Creditors: Amounts falling due within one year

6

(8,468)

(8,468)

Net current assets

 

88,479

88,479

Net assets

 

89,618

89,618

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

89,418

89,418

Shareholders' funds

 

89,618

89,618

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 5 August 2024 and signed on its behalf by:
 

.........................................
Mr Ravi Kambam
Director

 

Rising Sun Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
5th Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ

The principal place of business is:
Flat 1 Montague House
Grande Avenue
Worthing
West Sussex
BN11 5BE

These financial statements were authorised for issue by the Board on 5 August 2024.

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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

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

Office equipment

25% straight line

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.

 

Rising Sun Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Rising Sun Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

5,409

5,409

At 31 May 2024

5,409

5,409

Depreciation

At 1 June 2023

4,270

4,270

At 31 May 2024

4,270

4,270

Carrying amount

At 31 May 2024

1,139

1,139

At 31 May 2023

1,139

1,139

4

Debtors

Current

2024
£

2023
£

 

-

-

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

96,947

96,947

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,608

1,608

Amounts due to related parties

66

65

Social security and other taxes

 

2,051

2,051

Outstanding defined contribution pension costs

 

237

237

Other payables

 

2,497

2,498

Accruals

 

1,680

1,680

Income tax liability

329

329

 

8,468

8,468

 

Rising Sun Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £Nil (2023 - £68).

Contributions totalling £237 (2023 - £237) were payable to the scheme at the end of the year and are included in creditors.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £100 each

2

200

2

200