Risk Solved Limited - Filleted accounts

Registered number

07536194

Risk Solved Limited

Filleted Accounts

31 December 2024

Risk Solved Limited
Registered number:		07536194
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		124,497			133,338
Tangible assets	4		9,397			8,502
			133,894			141,840

Current assets
Debtors	5	340,221			241,037
Cash at bank and in hand		41,362			409,812
		381,583			650,849

Creditors: amounts falling due within one year	6	(1,109,292)			(1,176,918)

Net current liabilities			(727,709)			(526,069)

Total assets less current liabilities			(593,815)			(384,229)

Creditors: amounts falling due after more than one year	7		(8,665)			(28,318)



Net liabilities			(602,480)			(412,547)

Capital and reserves
Called up share capital			1,218			1,168
Share premium			358,365			358,365
Profit and loss account			(962,063)			(772,080)

Shareholders' funds			(602,480)			(412,547)

The directors are 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 directors acknowledge their 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.


Paul Davies
Director
26 September 2025

Risk Solved Limited
Notes to the Accounts
for the year ended 31 December 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	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:

	Plant and machinery	20% per annum


	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	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		18		8


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 January 2024				258,941
	At 31 December 2024				258,941

	Amortisation
	At 1 January 2024				125,603
	Provided during the year				8,841
	At 31 December 2024				134,444

	Net book value
	At 31 December 2024				124,497
	At 31 December 2023				133,338

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10-12 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				12,889
	Additions				3,776
	At 31 December 2024				16,665

	Depreciation
	At 1 January 2024				4,387
	Charge for the year				2,881
	At 31 December 2024				7,268

	Net book value
	At 31 December 2024				9,397
	At 31 December 2023				8,502


5	Debtors		2024		2023
£				£

	Trade debtors		4,713		30,232
	Deferred tax asset		274,948		200,989
	Other debtors		60,560		9,816
			340,221		241,037


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		133,967		-
	Trade creditors		182,698		127,398
	Taxation and social security costs		36,026		144,795
	Deferred income		648,117		891,449
	Other creditors		108,484		13,276
			1,109,292		1,176,918


7	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		8,665		28,318


8	Related party transactions

	Macsen3 Ltd - A company controlled by the director, Jason Moseley. The company provided services of £10,445 (2023- £1,095). The purchase ledger balance owed at 31/12/2024 was £819.00 (2023 - £NIL)
	Dodd & COW Ltd - A company controlled by the director, Mike Dodd. The company provded services of £9,600 (2023 - £8,000). The balance owing at 31/12/2024 was £2,400 (2023 - £800)
	Fidelis Business Solutions Ltd - A company controlled by the director, Paul Davies. The company provided services of £29,393 (2023 - £NIL). The balance owing at 31/12/2024 was £2,278 (2023 - £NIL)
	Directors Loan Account - L Caley - During the year the director made advances to the company of £15,000 (2023 - £NIL).
	Directors Loan Account - M Dodd - During the year the director made advances to the company of £20,000 (2023 - £NIL).
	Directors Loan Account - J Moseley - During the year the director made advances to the company of £20,000 (2023 - £NIL).
	Directors Loan Account - R Thomas - During the year the director made advances to the company of £40,000 (2023 - £NIL).


9	Controlling party

	There is no controlling party

10	Other information

	Risk Solved Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6 Bevis Marks
	London
	EC3A 7BA