Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312022-06-01falsesupply of construction services22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07636567 2022-06-01 2023-05-31 07636567 2021-06-01 2022-05-31 07636567 2023-05-31 07636567 2022-05-31 07636567 c:Director1 2022-06-01 2023-05-31 07636567 d:PlantMachinery 2022-06-01 2023-05-31 07636567 d:PlantMachinery 2023-05-31 07636567 d:PlantMachinery 2022-05-31 07636567 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07636567 d:MotorVehicles 2022-06-01 2023-05-31 07636567 d:MotorVehicles 2023-05-31 07636567 d:MotorVehicles 2022-05-31 07636567 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07636567 d:OfficeEquipment 2022-06-01 2023-05-31 07636567 d:OfficeEquipment 2023-05-31 07636567 d:OfficeEquipment 2022-05-31 07636567 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07636567 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07636567 d:CurrentFinancialInstruments 2023-05-31 07636567 d:CurrentFinancialInstruments 2022-05-31 07636567 d:Non-currentFinancialInstruments 2023-05-31 07636567 d:Non-currentFinancialInstruments 2022-05-31 07636567 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07636567 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07636567 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07636567 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 07636567 d:ShareCapital 2023-05-31 07636567 d:ShareCapital 2022-05-31 07636567 d:RetainedEarningsAccumulatedLosses 2023-05-31 07636567 d:RetainedEarningsAccumulatedLosses 2022-05-31 07636567 c:OrdinaryShareClass1 2022-06-01 2023-05-31 07636567 c:OrdinaryShareClass1 2023-05-31 07636567 c:OrdinaryShareClass1 2022-05-31 07636567 c:FRS102 2022-06-01 2023-05-31 07636567 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07636567 c:FullAccounts 2022-06-01 2023-05-31 07636567 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07636567 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 07636567 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07636567














RIGGINOLOGY LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

 
RIGGINOLOGY LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
RIGGINOLOGY LTD
REGISTERED NUMBER:07636567

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
77,005
52,139

  
77,005
52,139

Current assets
  

Debtors: amounts falling due within one year
 5 
110,924
5,212

Cash at bank and in hand
  
19,041
152,096

  
129,965
157,308

Creditors: amounts falling due within one year
 6 
(12,643)
(28,276)

Net current assets
  
 
 
117,322
 
 
129,032

Total assets less current liabilities
  
194,327
181,171

Creditors: amounts falling due after more than one year
 7 
(9,116)
(13,221)

Provisions for liabilities
  

Deferred tax
 8 
(14,528)
(11,056)

  
 
 
(14,528)
 
 
(11,056)

Net assets
  
170,683
156,894


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
169,683
155,894

  
170,683
156,894


Page 1

 
RIGGINOLOGY LTD
REGISTERED NUMBER:07636567
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 February 2024.




Mr S McCarthy
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Rigginology Ltd is a limited liability company incorporated in England and Wales with it's registered office at 110 London Road, Wheatley, Oxford, Oxfordshire, United Kingdom, OX33 1YH.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

The principal activity of the Company is that of the supply of construction services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2022
68,299
34,873
10,531
113,703


Additions
35,121
13,900
1,514
50,535



At 31 May 2023

103,420
48,773
12,045
164,238



Depreciation


At 1 June 2022
28,432
26,598
6,534
61,564


Charge for the year on owned assets
18,747
5,544
1,378
25,669



At 31 May 2023

47,179
32,142
7,912
87,233



Net book value



At 31 May 2023
56,241
16,631
4,133
77,005



At 31 May 2022
39,867
8,275
3,998
52,140


5.


Debtors

2023
2022
£
£


Trade debtors
16,322
4,194

Other debtors
91,036
-

Prepayments and accrued income
3,566
1,018

110,924
5,212


Page 5

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,216
4,115

Other taxation and social security
1,202
21,486

Other creditors
4,025
175

Accruals and deferred income
3,200
2,500

12,643
28,276



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,116
13,221




Page 6

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Deferred taxation




2023


£






At beginning of year
(11,056)


Charged to profit or loss
(3,472)



At end of year
(14,528)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(14,529)
(11,056)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000


 
Page 7