Registered number
11758601
R.I.O. Consult Ltd
Filleted Accounts
31 January 2024
R.I.O. Consult Ltd
Registered number: 11758601
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 543 522
Current assets
Debtors 4 42,975 10,404
Cash at bank and in hand 18,370 24,073
61,345 34,477
Creditors: amounts falling due within one year 5 (16,459) (13,142)
Net current assets 44,886 21,335
Total assets less current liabilities 45,429 21,857
Creditors: amounts falling due after more than one year 6 (27,481) -
Net assets 17,948 21,857
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,947 21,856
Shareholders' funds 17,948 21,857
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kristine L B Benson
Director
Approved by the board on 30 October 2024
R.I.O. Consult Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15 % Reducing balance
Fittings & Fixtures 15 % Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery Fittings & Fixtures Total
£ £ £
Cost
At 1 February 2023 507 181 688
Additions - 117 117
At 31 January 2024 507 298 805
Depreciation
At 1 February 2023 139 27 166
At 31 January 2024 194 68 262
Net book value
At 31 January 2024 313 230 543
At 31 January 2023 368 154 522
4 Debtors 2024 2023
£ £
Trade debtors 2,675 9,744
Other debtors 40,300 660
42,975 10,404
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's Loan 5,735 909
Taxation and social security costs 3,038 11,214
Other creditors 7,686 1,019
16,459 13,142
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,481 -
7 Other information
R.I.O. Consult Ltd is a private company limited by shares and incorporated in England. Its registered office is:
54 St. James Street
Liverpool
L1 0AB
7 Related party transactions
During the year director given loan to the company of £ 5,735 [ Year: 2023 £ 909] .No interest is charged on the balance. At the balance sheet date, the loan is still outstanding.
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