Minimal Risk Consultancy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04939593

		28 February 2025		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		92,829		76,171

			92,829		76,171
CURRENT ASSETS
Debtors	6	818,315		1,031,156
Cash at bank and in hand		809,710		412,918

		1,628,025		1,444,074
Creditors: Amounts Falling Due Within One Year	7	(450,549 )		(462,245 )

NET CURRENT ASSETS (LIABILITIES)			1,177,476		981,829

TOTAL ASSETS LESS CURRENT LIABILITIES			1,270,305		1,058,000

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,901 )		(9,332 )

NET ASSETS			1,257,404		1,048,668

CAPITAL AND RESERVES
Called up share capital	8		120		120
Capital redemption reserve			20		20
Profit and Loss Account			1,257,264		1,048,528

SHAREHOLDERS' FUNDS			1,257,404		1,048,668

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Minimal Risk Consultancy Limited

Balance Sheet (continued)

As At 28 February 2025

For the period ending 28 February 2025 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David McKeown Director	Mr Gregory Cole Director	Mr Jared Higgins Director
12/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Minimal Risk Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04939593 . The registered office is Skylon Court, Rotherwas, Hereford, HR2 6JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related 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.

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Minimal Risk Consultancy Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 28 February 2025

3. Average Number of Employees

○Average number of employees, including directors, during the period was: 86 (2023: 79)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2023	25,000

As at 28 February 2025	25,000

Amortisation
As at 1 November 2023	25,000

As at 28 February 2025	25,000

Net Book Value
As at 28 February 2025	-

As at 1 November 2023	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2023	19,478	102,624	36,711	41,651	200,464
Additions	3,855	46,113	-	7,641	57,609
Disposals	-	(22,213 )	-	-	(22,213 )

As at 28 February 2025	23,333	126,524	36,711	49,292	235,860

Depreciation
As at 1 November 2023	13,393	43,020	32,632	35,248	124,293
Provided during the period	2,820	21,039	1,359	6,752	31,970
Disposals	-	(13,232 )	-	-	(13,232 )

As at 28 February 2025	16,213	50,827	33,991	42,000	143,031

Net Book Value
As at 28 February 2025	7,120	75,697	2,720	7,292	92,829

As at 1 November 2023	6,085	59,604	4,079	6,403	76,171

6. Debtors

	28 February 2025	31 October 2023
	£	£
Due within one year
Trade debtors	685,980	858,845
Prepayments and accrued income	132,335	172,311

	818,315	1,031,156

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Minimal Risk Consultancy Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 28 February 2025

7. Creditors: Amounts Falling Due Within One Year

	28 February 2025	31 October 2023
	£	£
Trade creditors	56,904	97,080
Corporation tax	82,698	148,446
Other taxes and social security	23,802	36,486
VAT	147,580	102,588
Other creditors	42,285	31,390
Accruals and deferred income	61,280	46,255
Amounts owed to parent undertaking	36,000	-

	450,549	462,245

8. Share Capital

	28 February 2025	31 October 2023
	£	£
Allotted, Called up and fully paid	120	120

9. Related Party Transactions

During the year, £403,100 of services were invoiced to Arcfyre Uk Limited, the immediate parent company of Minimal Risk Consultancy Limited. At the Balance Sheet date, £4,084 was still outstanding and within Trade debtors due within one year.

During the year, £0 of services were invoiced from Arcfyre Uk Limited, the immediate parent company of Minimal Risk Consultancy Limited. At the Balance Sheet date, £nil was still outstanding and within Trade creditors due within one year.

These services have all been invoiced at full market rate.

10. Parent Undertaking and Controlling Party

The company's immediate and parent undertaking is Arcfyre Uk Limited . Arcfyre Uk Limited was incorporated in England. The Registered Office is Bridge House, 25 Fiddlebridge Lane, Hatfield, Hertfordshire, AL10 0SP.

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