Company registration number:
10381841
T100 Risk Systems Limited
Unaudited filleted financial statements
29 February 2024
T100 Risk Systems Limited
Contents
Statement of financial position
Notes to the financial statements
T100 Risk Systems Limited
Statement of financial position
29 February 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
6,030 |
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7,230 |
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Cash at bank and in hand |
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576 |
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1,685 |
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_______ |
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_______ |
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6,606 |
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8,915 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
10,950) |
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(
12,090) |
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_______ |
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_______ |
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Net current liabilities |
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(
4,344) |
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(
3,175) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
4,344) |
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(
3,175) |
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_______ |
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_______ |
Net liabilities |
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(
4,344) |
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(
3,175) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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(
4,444) |
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(
3,275) |
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_______ |
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_______ |
Shareholders deficit |
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(
4,344) |
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(
3,175) |
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_______ |
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_______ |
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 November 2024
, and are signed on behalf of the board by:
Mr Neil Shotton
Director
Company registration number:
10381841
T100 Risk Systems Limited
Notes to the financial statements
Year ended 29 February 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 7 Rutherford Court, Staffordshire Technology Park, Stafford, Staffordshire, ST18 0GP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Amounts owed by related party |
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5,740 |
6,940 |
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Other debtors |
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290 |
290 |
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_______ |
_______ |
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6,030 |
7,230 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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- |
1,140 |
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Amounts owed to related party |
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10,000 |
10,000 |
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Accruals and deferred income |
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950 |
950 |
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_______ |
_______ |
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10,950 |
12,090 |
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_______ |
_______ |
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7.
Related party transactions
Mr N Shotton is considered to be related party by virtue of his shareholding and directorship in the company:During the year there were no transactions between the company and director (2023: £Nil).
8.
Going concern
As reflected within these financial statements, the company has reported a loss of £1,169 for the year, (2023: £1,068) and has deficiency of assets of £4,344 (2023: £3,175). The company meets its day to day working capital requirements through ongoing financial support from a related company. The financial statements have been prepared on a going concern basis, the validity of which depends upon the company's ability to continue to receive the financial support of the related company. The financial statements do not include any adjustments that would result from a failure to obtain such support.