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REGISTERED NUMBER: 07349541 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Ainsty Risk Consulting Limited

Ainsty Risk Consulting Limited (Registered number: 07349541)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ainsty Risk Consulting Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D M Hirst
F M Hirst





REGISTERED OFFICE: York Eco Business Centre
Amy Johnson Way
Clifton Moor
York
North Yorkshire
YO30 4AG





REGISTERED NUMBER: 07349541 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Ainsty Risk Consulting Limited (Registered number: 07349541)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,813 1,902

CURRENT ASSETS
Debtors 5 11,725 18,224
Cash at bank 75,791 60,709
87,516 78,933
CREDITORS
Amounts falling due within one year 6 5,265 7,139
NET CURRENT ASSETS 82,251 71,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,064

73,696

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 83,964 73,596
SHAREHOLDERS' FUNDS 84,064 73,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





D M Hirst - Director


Ainsty Risk Consulting Limited (Registered number: 07349541)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ainsty Risk Consulting Limited 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.

There were no material departures from that standard.

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.

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

The directors consider that the improvements to property are maintained in such a state of repair that the residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews in accordance with FRS 102 to ensure that the carrying value is not lower than the recoverable amount.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Ainsty Risk Consulting Limited (Registered number: 07349541)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work in progress
Work in progress is valued at the lower of cost and net realisable value, based on time accrued for work performed but not yet invoiced.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 2,518 12,352 14,870
Additions 183 499 682
At 30 June 2024 2,701 12,851 15,552
DEPRECIATION
At 1 July 2023 616 12,352 12,968
Charge for year 521 250 771
At 30 June 2024 1,137 12,602 13,739
NET BOOK VALUE
At 30 June 2024 1,564 249 1,813
At 30 June 2023 1,902 - 1,902

Ainsty Risk Consulting Limited (Registered number: 07349541)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,940 10,707
Other debtors 1,928 1,928
Deferred tax asset 1,256 3,732
Prepayments and accrued income 2,601 1,857
11,725 18,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 72
Taxation and social security 3,540 4,531
Directors' current accounts 400 1,286
Accruals and deferred income 1,325 1,250
5,265 7,139

7. DEFERRED TAX
£   
Balance at 1 July 2023 (3,732 )
Provided during year 2,476
Balance at 30 June 2024 (1,256 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

2024 2023
£ £
Personnel of the entity:

Amount due to director 400 1,286

No interest has been charged.