Riskstop Consulting Limited Filleted accounts for Companies House (small and micro)

RISKSTOP CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06609089

Riskstop Consulting Limited

Filleted Financial Statements

31 December 2022

Riskstop Consulting Limited

Financial Statements

Year ended 31 December 2022

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 6

Riskstop Consulting Limited

Officers and Professional Advisers

The board of directors	D Lillington
	T Smith

Registered office	43 Richmond Hill
	Bournemouth
	England
	BH2 6LR

Auditor	BSN Associates Limited
	Chartered Accountants & statutory auditor
	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Riskstop Consulting Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Current assets

Debtors	5	99,521	114,727
Cash at bank and in hand		981	558
		---------	---------
		100,502	115,285

Creditors: amounts falling due within one year	6	74,492		86,075
		---------		---------
Net current assets			26,010	29,210
			--------	--------
Total assets less current liabilities			26,010	29,210

Other provisions	7	( 2,240)	( 1,632)
		--------	--------
Net assets		28,250	30,842
		--------	--------

Capital and reserves

Called up share capital	9	1	1
Profit and loss account	10	28,249	30,841
		--------	--------
Shareholders funds		28,250	30,842
		--------	--------

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 income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 11 September 2023 , and are signed on behalf of the board by:

D Lillington

Director

Company registration number: 06609089

Riskstop Consulting Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is limited by shares and was incorporated in England and Wales. The company's place of business is Mey House, Bridgport Road, Poundbury, Dorchester, Dorset, DT1 3QY.

2. Statement of compliance

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

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern since the directors are not aware of any reason why the company cannot meet its anticipated future financial obligations as its parent company has undertaken to provide continuing financial support to the company to enable it to fund its day to day working capital and capital expenditure requirements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Riskstop Group Limited. As such, advantage has been taken of the following disclosure exemptions available under FRS 102: - No cash flow statement has been presented for the company - Disclosures in respect of financial instruments have not been presented - No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant estimates or judgements have been made in the year.

Revenue recognition

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

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 19 (2021: 18 ).

5. Debtors

	2022	2021
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	99,521	114,727
	--------	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	16,583	16,583
Corporation tax	–	895
Social security and other taxes	42,308	52,735
Other creditors	15,601	15,862
	--------	--------
	74,492	86,075
	--------	--------

7. Other provisions

	Deferred tax (note 8)
	£
At 1 January 2022	( 1,632)
Additions	( 608)
	-------
At 31 December 2022	( 2,240)
	-------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2022	2021
	£	£
Included in other provisions (note 7)	( 2,240)	( 1,632)
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2022	2021
	£	£
Unused tax losses	( 809)	–
Other Provisions	( 1,431)	( 1,632)
	-------	-------
	(2,240)	(1,632)
	-------	-------

9. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

10. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses, net of dividends paid and other adjustments.

11. Summary audit opinion

The auditor's report for the year dated 11 September 2023 was unqualified .

The senior statutory auditor was Hannah Justice FCA FCCA , for and on behalf of BSN Associates Limited .

12. Related party transactions

Under FRS 102 the company is exempt from disclosing transactions with fellow group companies on the basis that consolidated accounts are prepared which are publicly available.

13. Controlling party

The immediate parent company is Riskstop Surveys Limited, a company registered in England & Wales, which owns 100% of the issued share capital. The registered address of Riskstop Surveys Limited is 43 Richmond Hill, Bournemouth, England, BH2 6LR. Prior to the 17 October 2022, the ultimate parent company was Riskstop Group Limited, a company registered in England & Wales. The registered address of Riskstop Group Limited is 43 Richmond Hill, Bournemouth, England, BH2 6LR. Since 17 October 2022, ultimate parent company is Riskstop Group Holdings Limited, a company registered in England & Wales. The registered address of Riskstop Group Holdings Limited is 43 Richmond Hill, Bournemouth, England, BH2 6LR.