Registered number
05501699
Risk Engineering Solutions Limited
Filleted Accounts
30 September 2024
Risk Engineering Solutions Limited
Registered number: 05501699
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 19,105 15,727
Cash at bank and in hand 48,937 55,313
68,042 71,040
Creditors: amounts falling due within one year 4 (33,163) (31,093)
Net current assets 34,879 39,947
Net assets 34,879 39,947
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,779 39,847
Shareholders' funds 34,879 39,947
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.
Mr K Province
Director
Approved by the board on 1 May 2025
Risk Engineering Solutions Limited
Notes to the Accounts
for the year ended 30 September 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 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. .
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
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 1 1
3 Debtors 2024 2023
£ £
Trade debtors 11,395 10,666
Other debtors 7,710 5,061
19,105 15,727
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 218 -
Directors's current account 616 225
Taxation and social security costs 31,879 30,418
Other creditors 450 450
33,163 31,093
5 Controlling party
The company was controlled by Mr K Province by virtue of his majority holding
of the issued share capital of the company.
6 Other information
Risk Engineering Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fairways
Hewish Lane
Crewkerne
Somerset
TA18 8RN
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