RiskBusiness Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07525025 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2017

for

RiskBusiness Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

M S Finlay

P Walsh

SECRETARY:

P Walsh

REGISTERED OFFICE:

2 Claremont Way

Halesowen

Birmingham

West Midlands

B63 4UR

REGISTERED NUMBER:

07525025 (England and Wales)

ACCOUNTANTS:

dhjh llp

Chartered Accountants

Wyre Forest House

Finepoint Way

Kidderminster

Worcestershire

DY11 7WF

FIXED ASSETS

Intangible assets

4

38,471

64,118

CURRENT ASSETS

Debtors

536,468

397,756

Cash at bank and in hand

24,531

2,352

560,999

400,108

CREDITORS

Amounts falling due within one year

626,176

500,373

NET CURRENT LIABILITIES

(65,177

)

(100,265

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,706

)

(36,147

)

CREDITORS

Amounts falling due after more than one
year

4,824

NET LIABILITIES

(31,530

)

(40,971

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(31,531

)

(40,972

)

SHAREHOLDERS' FUNDS

(31,530

)

(40,971

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 16th March 2018 and were signed on its behalf by:

P Walsh - Director

1.	STATUTORY INFORMATION

RiskBusiness Services Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared on a going concern basis which is based on the continuing support

of the directors and other companies in the group.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes. The policy adopted for the recognition of turnover is as follows:

Rendering of Services

When the outcome of a transaction can be estimated reliably, turnover from consultancy is recognised by

reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to

when the company obtains the right to the consideration.

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

are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

KRI Library is being amortised evenly over its estimated useful life of three years.

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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2016

and 30th June 2017

76,943

AMORTISATION

At 1st July 2016

12,825

Amortisation for year

25,647

At 30th June 2017

38,472

NET BOOK VALUE

At 30th June 2017

38,471

At 30th June 2016

64,118

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of RiskBusiness Services Limited for the year ended 30th June 2017 which comprise the Abridged

Income Statement, Abridged Balance Sheet, and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RiskBusiness Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RiskBusiness Services Limited and state those matters that we have agreed to state to the Board of Directors of RiskBusiness Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RiskBusiness Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RiskBusiness Services 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 RiskBusiness Services Limited. You consider that RiskBusiness Services 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 RiskBusiness Services 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.