DG Risk Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09143932

Unaudited Financial Statements for the Year Ended 31 December 2017

for

DG Risk Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Fradley

J R Justice

REGISTERED OFFICE:

c/o Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

REGISTERED NUMBER:

09143932

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

HSBC

168 Warstone Lane

Birmingham

West Midlands

B18 6NP

CURRENT ASSETS

Stocks

4

1,444

2,888

Debtors

5

42,152

14,814

Cash at bank

32,698

12,237

76,294

29,939

CREDITORS

Amounts falling due within one year

6

103,712

66,678

NET CURRENT LIABILITIES

(27,418

)

(36,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,418

)

(36,739

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(27,518

)

(36,839

)

SHAREHOLDERS' FUNDS

(27,418

)

(36,739

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 24 August 2018 and were signed on its behalf by:

J R Justice - Director

D R Fradley - Director

1.	STATUTORY INFORMATION

DG Risk Consultants Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 2 ) .

4.

STOCKS

31.12.17

31.12.16

£

£

Stocks

1,444

2,888

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

400

1,100

Directors' current accounts

41,752

12,016

VAT

-

1,698

42,152

14,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

4,229

-

Tax

22,936

-

VAT

2,876

-

Other creditors

36,561

64,128

Directors' current accounts

27,213

-

Accrued expenses

9,897

2,550

103,712

66,678

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

10,000

Ordinary

.01

100

100

8.

RESERVES

Retained

earnings

£

At 1 January 2017

(36,839

)

Profit for the year

116,321

Dividends

(107,000

)

At 31 December 2017

(27,518

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £107,000 (2016 - £16,000) were paid to the directors .

10.	POST BALANCE SHEET EVENTS

There have been no events since the balance sheet date which will have a material effect on the financial

statements of the company to that date.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.