The Rialto Consultancy Limited Filleted Accounts Cover
The Rialto Consultancy Limited
Company No. 05192882
Information for Filing with The Registrar
31 December 2024
The Rialto Consultancy Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was business transformation consultancy services.
Directors
The Directors who served at any time during the year were as follows:
M. Chiumiento
R. Chiumiento
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R. Chiumiento
Director
27 May 2025
The Rialto Consultancy Limited Balance Sheet Registrar
at
31 December 2024
Company No.
05192882
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
-80
Tangible assets
5
1,1061,146
1,1061,226
Current assets
Debtors
6
56,764148,614
Cash at bank and in hand
176,063137,852
232,827286,466
Creditors: Amount falling due within one year
7
(211,465)
(212,095)
Net current assets
21,36274,371
Total assets less current liabilities
22,46875,597
Net assets
22,46875,597
Capital and reserves
Called up share capital
716,472716,472
Share premium account
9
86,06686,066
Profit and loss account
9
(780,070)
(726,941)
Total equity
22,46875,597
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 May 2025 and signed on its behalf by:
M. Chiumiento
Director
27 May 2025
The Rialto Consultancy Limited Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
The Rialto Consultancy Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 05192882
Its registered office is:
Albany House
14 Shute End
Wokingham
Berkshire
RG40 1BJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
50% Straight Line
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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 January 2024
31,50031,500
At 31 December 2024
31,50031,500
Amortisation and impairment
At 1 January 2024
31,42031,420
Charge for the year
8080
At 31 December 2024
31,50031,500
Net book values
At 31 December 2024
--
At 31 December 2023
8080
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 January 2024
74,37074,370
Additions
1,2101,210
At 31 December 2024
75,58075,580
Depreciation
At 1 January 2024
73,22473,224
Charge for the year
1,2501,250
At 31 December 2024
74,47474,474
Net book values
At 31 December 2024
1,1061,106
At 31 December 2023
1,146
1,146
6
Debtors
2024
2023
£
£
Trade debtors
48,643139,858
VAT recoverable
4,415896
Prepayments and accrued income
3,7067,860
56,764148,614
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
62,61861,275
Taxes and social security
674
701
Other creditors
3,1784,004
Accruals and deferred income
144,995146,115
211,465212,095
8
Share Capital
716,471 Ordinary Shares - Fully paid
9
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
10
Related party disclosures
Transactions with related parties
Shareholder and supplier, Rialto Consulting Ltd, has provided supplies amounting to £170,147 in the accounting period (2023 £187,032). The amount due to the related party at 31 December 2024 is
£18,247 (2023 £15,366).
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