RISC CAPITAL SERVICES LTD

Company Registration Number:
14647058 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

RISC CAPITAL SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes

RISC CAPITAL SERVICES LTD

Balance sheet

As at 31 October 2024

Notes 2024 9 months to 31 October 2023


£

£
Fixed assets
Tangible assets: 3 99,751 62,487
Total fixed assets: 99,751 62,487
Current assets
Debtors: 4 41,568 10,135
Cash at bank and in hand: 73,271 221,071
Total current assets: 114,839 231,206
Creditors: amounts falling due within one year: 5 ( 60,603 ) ( 64,732 )
Net current assets (liabilities): 54,236 166,474
Total assets less current liabilities: 153,987 228,961
Total net assets (liabilities): 153,987 228,961
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 153,986 228,960
Total Shareholders' funds: 153,987 228,961

The notes form part of these financial statements

RISC CAPITAL SERVICES LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 July 2025
and signed on behalf of the board by:

Name: J.L. Webb
Status: Director

The notes form part of these financial statements

RISC CAPITAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Furniture and equipment - over 3 years, Motor vehicles - over 5 years.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Pensions - Contributions to defined contribution plans are expensed in the period to which they relate.

RISC CAPITAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 9 months to 31 October 2023
    Average number of employees during the period 7 6

RISC CAPITAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 56,896 51,245 0 108,141
Additions 29,008 13,487 68,235 110,730
Disposals
Revaluations
Transfers
At 31 October 2024 85,904 64,732 68,235 218,871
Depreciation
At 1 November 2023 23,573 22,081 0 45,654
Charge for year 33,243 26,576 13,647 73,466
On disposals
Other adjustments
At 31 October 2024 56,816 48,657 13,647 119,120
Net book value
At 31 October 2024 29,088 16,075 54,588 99,751
At 31 October 2023 33,323 29,164 0 62,487

RISC CAPITAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 9 months to 31 October 2023
£ £
Trade debtors 26
Other debtors 41,542 10,135
Total 41,568 10,135

RISC CAPITAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 9 months to 31 October 2023
£ £
Trade creditors 1,400 4,494
Taxation and social security 35,652 43,290
Other creditors 23,551 16,948
Total 60,603 64,732