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REGISTERED NUMBER: 11386541 (England and Wales)














Financial Statements for the Year Ended 30 June 2024

for

Practical OpRisk Solutions Ltd

Practical OpRisk Solutions Ltd (Registered number: 11386541)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Practical OpRisk Solutions Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr S Titley





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11386541 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Practical OpRisk Solutions Ltd (Registered number: 11386541)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,490 233

CURRENT ASSETS
Debtors 5 - 508
Cash at bank 36 -
36 508
CREDITORS
Amounts falling due within one year 6 (3,806 ) (121 )
NET CURRENT (LIABILITIES)/ASSETS (3,770 ) 387
TOTAL ASSETS LESS CURRENT LIABILITIES (1,280 ) 620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,380 ) 520
SHAREHOLDERS' FUNDS (1,280 ) 620

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 director acknowledges his 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.

Practical OpRisk Solutions Ltd (Registered number: 11386541)

Statement of Financial Position - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr S Titley - Director


Practical OpRisk Solutions Ltd (Registered number: 11386541)

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

1. STATUTORY INFORMATION

Practical OpRisk Solutions Ltd 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.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 300 400 700
Additions - 3,069 3,069
At 30 June 2024 300 3,469 3,769
DEPRECIATION
At 1 July 2023 162 305 467
Charge for year 21 791 812
At 30 June 2024 183 1,096 1,279
NET BOOK VALUE
At 30 June 2024 117 2,373 2,490
At 30 June 2023 138 95 233

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 508

Practical OpRisk Solutions Ltd (Registered number: 11386541)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 3,806 121

7. RELATED PARTY DISCLOSURES

The Director, Mr S Titley, is considered to be the key management personnel.