Risk Free (UK) Limited 31/03/2025 iXBRL

Company registration number: 03733749

RISK FREE (UK) LIMITED

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2025

RISK FREE (UK) LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

RISK FREE (UK) LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mr A S Roy
		Mrs S Roy


	Company number	03733749


	Registered office	Business and Technology Centre (SB213)
		Telford Innovation Campus
		Priorslee
		Shropshire
		TF2 9NT


	Business address	Business and Technology Centre (SB213)
		Telford Innovation Campus
		Priorslee
		Shropshire
		TF2 9NT


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

RISK FREE (UK) LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RISK FREE (UK) LIMITED

YEAR ENDED 31ST MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Risk Free (UK) Limited for the year ended 31 March 2025 as set out on pages to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Risk Free (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Risk Free (UK) Limited and state those matters that we have agreed to state to the board of directors of Risk Free (UK) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Risk Free (UK) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Risk Free (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Risk Free (UK) Limited. You consider that Risk Free (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Risk Free (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

18 December 2025

RISK FREE (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	1,396		752
Tangible assets	6	22,847		23,519
		_______		_______
			24,243		24,271

Current assets
Debtors	7	562,065		493,646
Cash at bank and in hand		357,132		269,358
		_______		_______
		919,197		763,004
Creditors: amounts falling due
within one year	8	( 388,614)		( 310,678)
		_______		_______
Net current assets			530,583		452,326
			_______		_______
Total assets less current liabilities			554,826		476,597

Creditors: amounts falling due
after more than one year	9		( 3,333)		( 13,421)

Provisions for liabilities			( 5,712)		( 5,036)

			_______		_______
Net assets			545,781		458,140
			_______		_______

Capital and reserves
Called up share capital			1,500		1,500
Profit and loss account			544,281		456,640
			_______		_______
Shareholders funds			545,781		458,140
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr A S Roy

Director

Company registration number: 03733749

RISK FREE (UK) LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST MARCH 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1,500	360,315	361,815

Profit for the year		298,178	298,178
	_______	_______	_______
Total comprehensive income for the year	-	298,178	298,178

Dividends paid and payable		( 201,853)	( 201,853)
	_______	_______	_______
Total investments by and distributions to owners	-	( 201,853)	( 201,853)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,500	456,640	458,140

Profit for the year		291,821	291,821
	_______	_______	_______
Total comprehensive income for the year	-	291,821	291,821

Dividends paid and payable		( 204,180)	( 204,180)
	_______	_______	_______
Total investments by and distributions to owners	-	( 204,180)	( 204,180)

	_______	_______	_______
At 31 March 2025	1,500	544,281	545,781
	_______	_______	_______

RISK FREE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Business and Technology Centre (SB213), Telford Innovation Campus, Priorslee, Shropshire, TF2 9NT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	10 %	straight line

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 12 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024	1,880	1,880
Additions	900	900
	_______	_______
At 31 March 2025	2,780	2,780
	_______	_______
Amortisation
At 1 April 2024	1,128	1,128
Charge for the year	256	256
	_______	_______
At 31 March 2025	1,384	1,384
	_______	_______
Carrying amount
At 31 March 2025	1,396	1,396
	_______	_______
At 31 March 2024	752	752
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	6,530	33,906	4,077	44,513
Additions	-	4,734	-	4,734
Disposals	-	( 4,898)	-	( 4,898)
	_______	_______	_______	_______
At 31 March 2025	6,530	33,742	4,077	44,349
	_______	_______	_______	_______
Depreciation
At 1 April 2024	6,530	13,700	764	20,994
Charge for the year	-	3,175	621	3,796
Disposals	-	( 3,288)	-	( 3,288)
	_______	_______	_______	_______
At 31 March 2025	6,530	13,587	1,385	21,502
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	-	20,155	2,692	22,847
	_______	_______	_______	_______
At 31 March 2024	-	20,206	3,313	23,519
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	236,370	263,837
Other debtors	325,695	229,809
	_______	_______
	562,065	493,646
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	12,435	12,714
Trade creditors	147,475	92,012
Corporation tax	97,930	94,722
Social security and other taxes	73,967	67,764
Other creditors	56,807	43,466
	_______	_______
	388,614	310,678
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,333	13,421
	_______	_______