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Riocht Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13413389
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,257 52,800
3,257 52,800
CURRENT ASSETS
Debtors 5 25,928 30,092
Cash at bank and in hand 34,319 7,329
60,247 37,421
Creditors: Amounts Falling Due Within One Year 6 (27,625 ) (34,094 )
NET CURRENT ASSETS (LIABILITIES) 32,622 3,327
TOTAL ASSETS LESS CURRENT LIABILITIES 35,879 56,127
PROVISIONS FOR LIABILITIES
Deferred Taxation (814 ) (12,012 )
NET ASSETS 35,065 44,115
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 34,965 44,015
SHAREHOLDERS' FUNDS 35,065 44,115
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
G U Mahoney
Director
22 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Riocht Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13413389 . The registered office is Goodwood, Guildford Road, Bookham, Leatherhead, KT23 4LA.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. 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.
Deferred Tax
Deferred tax is recognised in respect of all material 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.
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 59,280 1,694 3,634 64,608
Additions - - 1,351 1,351
Disposals (59,280 ) - - (59,280 )
As at 31 May 2024 - 1,694 4,985 6,679
Depreciation
As at 1 June 2023 9,880 337 1,591 11,808
Provided during the period 4,117 424 1,070 5,611
Disposals (13,997 ) - - (13,997 )
As at 31 May 2024 - 761 2,661 3,422
Net Book Value
As at 31 May 2024 - 933 2,324 3,257
As at 1 June 2023 49,400 1,357 2,043 52,800
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,479 8,411
Other debtors 7,449 21,681
25,928 30,092
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,151 168
Other creditors 4,044 25,229
Taxation and social security 21,430 8,697
27,625 34,094
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Related Party Transactions
At the balance sheet date, the company owed the directors £1,743 (2023: £23,468). This amount is interest free and repayable upon demand, although it will not be withdrawn to the detriment of the company or its other creditors.
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