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REGISTERED NUMBER: 04364395 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RELIABILITY & SAFETY SOLUTIONS LTD

RELIABILITY & SAFETY SOLUTIONS LTD (REGISTERED NUMBER: 04364395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


RELIABILITY & SAFETY SOLUTIONS LTD (REGISTERED NUMBER: 04364395)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,984 1,917

Current assets
Debtors 5 64,102 85,071
Cash at bank 129,348 87,767
193,450 172,838
Creditors
Amounts falling due within one year 6 137,988 134,630
Net current assets 55,462 38,208
Total assets less current liabilities 57,446 40,125

Provisions for liabilities 7 377 364
Net assets 57,069 39,761

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 56,069 38,761
Shareholders' funds 57,069 39,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 8 October 2024 and were signed by:





Mr K Fassihi - Director


RELIABILITY & SAFETY SOLUTIONS LTD (REGISTERED NUMBER: 04364395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Reliability & Safety Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04364395. The registered office address is 7 & 8 Church Street, Wimborne, BH21 1JH and the business address is 89 Woolsbridge Road, Ashley Heath, Ringwood, Hampshire, BH24 2LY.

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 represents amounts receivable, net of VAT and trade discounts, in respect of reliability and risk assessment, software and consultancy services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

RELIABILITY & SAFETY SOLUTIONS LTD (REGISTERED NUMBER: 04364395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 April 2023 4,228
Additions 1,278
Disposals (1,232 )
At 31 March 2024 4,274
Depreciation
At 1 April 2023 2,311
Charge for year 662
Eliminated on disposal (683 )
At 31 March 2024 2,290
Net book value
At 31 March 2024 1,984
At 31 March 2023 1,917

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,070 73,980
Tax - 329
VAT 180 205
Payments in advance 44,852 10,557
64,102 85,071

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 14,450 17,808
Tax 5,150 1,034
Directors' current accounts 46 4,370
Accruals 2,208 2,102
Deferred income 116,134 109,316
137,988 134,630

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 377 364

RELIABILITY & SAFETY SOLUTIONS LTD (REGISTERED NUMBER: 04364395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 April 2023 364
Provided during year 13
Balance at 31 March 2024 377

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

9. Ultimate controlling party

The Company is controlled by the director, Mr K Fassihi, who owns 100% of the issued share capital.