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Registered number: 11339264
Riant Safety Consultancy Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Goringe Accountants Ltd
1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11339264
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 132 187
132 187
CURRENT ASSETS
Debtors 5 8,700 19,787
Cash at bank and in hand 39,754 5,163
48,454 24,950
Creditors: Amounts Falling Due Within One Year 6 (34,607 ) (22,024 )
NET CURRENT ASSETS (LIABILITIES) 13,847 2,926
TOTAL ASSETS LESS CURRENT LIABILITIES 13,979 3,113
NET ASSETS 13,979 3,113
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 13,879 3,013
SHAREHOLDERS' FUNDS 13,979 3,113
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Christine O'Neill
Director
27/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Riant Safety Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11339264 . The registered office is C/O Goringe Accountants Ltd, Waterside, 1650 Arlington Business Park, Reading, Berkshire, RG7 4SA.
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer Equipment 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 274
As at 31 May 2024 274
Depreciation
As at 1 June 2023 87
Provided during the period 55
As at 31 May 2024 142
Net Book Value
As at 31 May 2024 132
As at 1 June 2023 187
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,700 11,789
Corporation tax recoverable assets - 3,440
Director's loan account - 4,558
8,700 19,787
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1 -
Other taxes and social security 33,417 21,309
Other creditors 199 -
Accruals and deferred income 990 715
34,607 22,024
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
C O'Neill : £199 (2023 : £4,558 owed to the company)
The above loan is unsecured, interest free and repayable on demand.
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