REGISTERED NUMBER: 04364395 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

RELIABILITY & SAFETY SOLUTIONS LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

1,443

1,984

Current assets

Debtors

5

35,000

64,102

Cash at bank

96,154

129,348

131,154

193,450

Creditors

Amounts falling due within one year

6

112,521

137,988

Net current assets

18,633

55,462

Total assets less current liabilities

20,076

57,446

Provisions for liabilities

7

274

377

Net assets

19,802

57,069

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

18,802

56,069

Shareholders' funds

19,802

57,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

Mr K Fassihi - Director

1.	Statutory information

Reliability & Safety Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04364395. The registered office address is 7 & 8 Church Street, Wimborne, BH21 1JH and the business address is 32961 Arrowhead Drive, Trabuco Canyon, United States, CA 92679.

2.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover represents amounts receivable, net of VAT and trade discounts, in respect of reliability and risk assessment, software and consultancy services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 April 2024

4,274

Disposals

(252

)

At 31 March 2025

4,022

Depreciation

At 1 April 2024

2,290

Charge for year

481

Eliminated on disposal

(192

)

At 31 March 2025

2,579

Net book value

At 31 March 2025

1,443

At 31 March 2024

1,984

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,005

19,070

Tax

546

-

VAT

174

180

Payments in advance

33,275

44,852

35,000

64,102

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

45,475

14,450

Tax

-

5,150

Directors' current accounts

260

46

Accruals

2,440

2,208

Deferred income

64,346

116,134

112,521

137,988

7.	Provisions for liabilities

2025

2024

£

£

Deferred tax

274

377

Deferred

tax

£

Balance at 1 April 2024

377

Provided during year

(103

)

Balance at 31 March 2025

274

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000

9.	Ultimate controlling party

The Company is controlled by the director, Mr K Fassihi, who owns 100% of the issued share capital.