International Risk Engineering Services Ltd 04706203 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is providing risk engineering and consultancy services to the energy industry. Digita Accounts Production Advanced 6.30.9574.0 true true 04706203 2024-04-01 2025-03-31 04706203 2025-03-31 04706203 core:CurrentFinancialInstruments 2025-03-31 04706203 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04706203 core:FurnitureFittingsToolsEquipment 2025-03-31 04706203 core:MotorVehicles 2025-03-31 04706203 bus:SmallEntities 2024-04-01 2025-03-31 04706203 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04706203 bus:FilletedAccounts 2024-04-01 2025-03-31 04706203 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04706203 bus:RegisteredOffice 2024-04-01 2025-03-31 04706203 bus:CompanySecretaryDirector2 2024-04-01 2025-03-31 04706203 bus:Director2 2024-04-01 2025-03-31 04706203 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04706203 bus:Agent1 2024-04-01 2025-03-31 04706203 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 04706203 core:MotorVehicles 2024-04-01 2025-03-31 04706203 countries:England 2024-04-01 2025-03-31 04706203 2024-03-31 04706203 core:FurnitureFittingsToolsEquipment 2024-03-31 04706203 core:MotorVehicles 2024-03-31 04706203 2023-04-01 2024-03-31 04706203 2024-03-31 04706203 core:CurrentFinancialInstruments 2024-03-31 04706203 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04706203 core:FurnitureFittingsToolsEquipment 2024-03-31 04706203 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 04706203

International Risk Engineering Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

International Risk Engineering Services Ltd

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

International Risk Engineering Services Ltd

Company Information
__________________________________________________________________________

Directors

Mrs H A Stonebridge

Mr R W Stonebridge

Company secretary

Mrs H A Stonebridge

Registered office

Abbey House
342 Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

International Risk Engineering Services Ltd

(Registration number: 04706203)
Balance Sheet as at 31 March 2025
__________________________________________________________________________

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

3

 

19,417

 

25,578

Current assets

   

 

Debtors

4

35,995

 

42,784

 

Investments

5

381,780

 

577,519

 

Cash at bank and in hand

 

342,160

 

149,084

 

 

759,935

 

769,387

 

Creditors: Amounts falling due within one year

6

(15,200)

 

(9,180)

 

Net current assets

   

744,735

 

760,207

Net assets

   

764,152

 

785,785

Capital and reserves

   

 

Called up share capital

7

100

 

100

 

Retained earnings

764,052

 

785,685

 

Shareholders' funds

   

764,152

 

785,785

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 July 2025 and signed on its behalf by:
 

.........................................
Mr R W Stonebridge
Director

 

International Risk Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

International Risk Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

International Risk Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

International Risk Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

3

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

16,370

33,200

49,570

At 31 March 2025

16,370

33,200

49,570

Depreciation

At 1 April 2024

15,692

8,300

23,992

Charge for the year

186

5,975

6,161

At 31 March 2025

15,878

14,275

30,153

Carrying amount

At 31 March 2025

492

18,925

19,417

At 31 March 2024

678

24,900

25,578

4

Debtors

Current

2025
£

2024
£

Trade debtors

35,995

42,784

 

35,995

42,784

5

Current asset investments

2025
£

2024
£

Other investments

381,780

577,519

 

International Risk Engineering Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

1,946

-

Corporation tax control

12,054

7,822

Director current account

1,274

1,482

VAT

(74)

(124)

15,200

9,180

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100