REGISTERED NUMBER: 03778537 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Riskworks Business Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

6,186

5,439

CURRENT ASSETS

Debtors

5

179,313

157,194

Cash at bank and in hand

58,234

14,273

237,547

171,467

CREDITORS

Amounts falling due within one year

6

(119,036

)

(78,607

)

NET CURRENT ASSETS

118,511

92,860

TOTAL ASSETS LESS CURRENT LIABILITIES

124,697

98,299

CREDITORS

Amounts falling due after more than one year

7

(22,975

)

(28,489

)

PROVISIONS FOR LIABILITIES

(1,435

)

(1,185

)

NET ASSETS

100,287

68,625

CAPITAL AND RESERVES

Called up share capital

51,000

51,000

Retained earnings

49,287

17,625

SHAREHOLDERS' FUNDS

100,287

68,625

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr N J Gray - Director

1.	STATUTORY INFORMATION

Riskworks Business Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03778537

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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 is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other receivable and payable and loans from/to related pantries.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective cost method.

Debt instruments that are payable or receivable within one year are measured, initially,and subsequently, at the undisclosed amount of the cash or other consideration, expected to be paid or received.

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

22,678

44,465

67,143

Additions

473

2,822

3,295

At 31 March 2025

23,151

47,287

70,438

DEPRECIATION

At 1 April 2024

21,284

40,420

61,704

Charge for year

915

1,633

2,548

At 31 March 2025

22,199

42,053

64,252

NET BOOK VALUE

At 31 March 2025

952

5,234

6,186

At 31 March 2024

1,394

4,045

5,439

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

152,090

127,099

Other debtors

27,223

30,095

179,313

157,194

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,514

5,514

Taxation and social security

28,181

21,334

Other creditors

85,341

51,759

119,036

78,607

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

22,975

28,489

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by installments

919

6,433

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

38,404

1,993

Between one and five years

40,922

105

79,326

2,098

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr N J Gray

Balance outstanding at start of year

17,566

14,026

Amounts advanced

9,991

10,228

Amounts repaid

(6,687

)

(6,688

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,870

17,566