D-Risk Group Limited - Accounts to registrar (filleted) - small 18.2
D-Risk Group Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| D-RISK GROUP LIMITED |
| PREVIOUSLY KNOWN AS |
| ASHFIELD LAND TAX SOLUTIONS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| D-RISK GROUP LIMITED (REGISTERED NUMBER: 10096767) |
| PREVIOUSLY KNOWN AS ASHFIELD LAND TAX SOLUTIONS LIMITED |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| D-RISK GROUP LIMITED |
| PREVIOUSLY KNOWN AS ASHFIELD LAND TAX SOLUTIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 3 New Mill Court |
| Swansea Enterprise Park |
| Swansea |
| SA7 9FG |
| D-RISK GROUP LIMITED (REGISTERED NUMBER: 10096767) |
| PREVIOUSLY KNOWN AS ASHFIELD LAND TAX SOLUTIONS LIMITED |
| BALANCE SHEET |
| 31 MAY 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| D-RISK GROUP LIMITED (REGISTERED NUMBER: 10096767) |
| PREVIOUSLY KNOWN AS ASHFIELD LAND TAX SOLUTIONS LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 1. | STATUTORY INFORMATION |
| D-Risk Group Limited is a |
| 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 |
| 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. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, |
| estimates and assumptions about the carrying amounts of assets and liabilities that are not readily |
| apparent from other sources. The estimates and associated assumptions are based on historical |
| experience and other factors which are considered to be relevant. Actual results may differ from these |
| estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
| estimates are recognised in the period in which the estimate is revised if the revision only effects that |
| period, or in the period of the revision and future periods if the revision affects both current and future |
| periods. |
| The following are the critical judgements that the directors have made in the process of applying the |
| company's accounting policies and that have the most significant effect on the amounts recognised in |
| the financial statements. |
| Impairment of assets |
| Assets are assessed for indicators of impairment at each statement of financial position date. If there |
| is objective evidence of impairment, an impairment loss is recognised in the income statement. |
| Stock provisions |
| Stock holdings are assessed for indicators of obsolescence at each statement of financial position |
| date. If there is objective evidence of obsolescence, a provision is recognised in the income statement. |
| Provisions and contingencies |
| Provisions are recognised when the company has a present obligation as a result of a past event and a |
| reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities |
| are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only |
| disclosed if an inflow of economic benefits is probable. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| D-RISK GROUP LIMITED (REGISTERED NUMBER: 10096767) |
| PREVIOUSLY KNOWN AS ASHFIELD LAND TAX SOLUTIONS LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial assets and financial liabilities are recognised when the company becomes a party to the |
| contractual provisions of the instrument. |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in |
| the assets of the company after deducting all of its liabilities. |
| Financial assets and liabilities |
| All financial assets and liabilities are initially measured at transaction price (including transaction |
| costs), except for those financial assets classified as at fair value through profit or loss, which are |
| initially measured at fair value (which is normally the transaction price excluding transaction costs), |
| unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance |
| transaction, the financial asset or financial liability is measured at the present value of the future |
| payments discounted at a market rate of interest for a similar debt instrument. |
| Debt instruments that are classified as payable or receivable within one year are measured at the |
| undiscounted amount of the cash or other consideration expected to be paid or received, net of |
| impairment. Non current debt instruments are measured at amortised cost using the effective interest |
| method. |
| Financial assets are derecognised when and only when the contractual rights to the cash flows from |
| the financial asset expire or are settled, the company transfers to another party substantially all of the |
| risks and rewards of ownership of the financial asset, or the company, despite having retained some |
| significant risks and rewards of ownership, has transferred control of the asset to another party and the |
| other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able |
| to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. |
| Financial liabilities are derecognised only when the obligation specified in the contract is discharged, |
| cancelled or expires. |
| 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 |
| 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. |
| D-RISK GROUP LIMITED (REGISTERED NUMBER: 10096767) |
| PREVIOUSLY KNOWN AS ASHFIELD LAND TAX SOLUTIONS LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| In preparing the financial statements, the directors have considered the current financial position of the |
| company and future cashflows. |
| After making appropriate enquiries the directors have a reasonable expectation that the company has |
| adequate resources to continue in operational existence for the foreseeable future. Accordingly, they |
| continue to adopt the going concern basis in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 1 ). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Amounts owed by group undertakings |
| Amounts owed by parent company | 7 |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation and social security |
| Other creditors |