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REGISTERED NUMBER: 05163783 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

RIGBY (LONDON) LIMITED

RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)






Contents of the Financial Statements
for the year ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIGBY (LONDON) LIMITED

Company Information
for the year ended 31st July 2023







DIRECTOR: M Rigby





SECRETARY: Mrs J Rigby





REGISTERED OFFICE: 2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP





REGISTERED NUMBER: 05163783 (England and Wales)





ACCOUNTANTS: Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP

RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,257 18,793

CURRENT ASSETS
Stocks 8,575 8,575
Debtors 5 52,296 31,484
Cash at bank and in hand 51,149 51,080
112,020 91,139
CREDITORS
Amounts falling due within one year 6 163,093 134,541
NET CURRENT LIABILITIES (51,073 ) (43,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,816

)

(24,609

)

CREDITORS
Amounts falling due after more than one
year

7

(22,285

)

(35,930

)

PROVISIONS FOR LIABILITIES (2,899 ) (3,571 )
NET LIABILITIES (61,000 ) (64,110 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (61,100 ) (64,210 )
SHAREHOLDERS' FUNDS (61,000 ) (64,110 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)

Balance Sheet - continued
31st July 2023


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

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 and authorised for issue on 30th July 2024 and were signed by:





M Rigby - Director


RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)

Notes to the Financial Statements
for the year ended 31st July 2023

1. STATUTORY INFORMATION

Rigby (London) 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents income receivable for the provision of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment - 25% reducing balance

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.

RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
In conjunction with the most businesses the company's operations were impacted by the response to the Coronavirus pandemic. Operations have steadily resumed and the directors are aware of the significant uncertainties that the company specifically and economy in general face for the foreseeable future.

The director has considered the use of the going concern basis of preparation of financial statements for the period ended 31 July 2022, having taken into consideration the demand for goods and services, nd the support of stakeholders. There remain significant uncertainties about the future and the situation is monitored on a continual basis but at this stage there are no plans to cease operations. The director considers the use of going concern basis of accounting is appropriate as the main stakeholders will continue to support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 55,486
Additions 1,550
At 31st July 2023 57,036
DEPRECIATION
At 1st August 2022 36,693
Charge for year 5,086
At 31st July 2023 41,779
NET BOOK VALUE
At 31st July 2023 15,257
At 31st July 2022 18,793

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 19,664
DEPRECIATION
At 1st August 2022 8,603
Charge for year 2,765
At 31st July 2023 11,368
NET BOOK VALUE
At 31st July 2023 8,296
At 31st July 2022 11,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,548 22,057
Other debtors 28,748 9,427
52,296 31,484

RIGBY (LONDON) LIMITED (REGISTERED NUMBER: 05163783)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 15,556
Hire purchase contracts 3,646 4,421
Trade creditors 113,293 87,030
Taxation and social security 24,946 18,763
Other creditors 11,208 8,771
163,093 134,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,334 28,333
Hire purchase contracts 3,951 7,597
22,285 35,930

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

2023 2022
£    £   
M Rigby
Balance outstanding at start of year - -
Amounts advanced 7,986 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,986 -

Loans to director have no repayment terms attaching.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Rigby, director and Mrs J Rigby, who each hold 50% of the issued share capital of the company.