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Company Registration No. SC636764 (Scotland)
AK RIGGING LTD Unaudited accounts for the year ended 31 July 2023
AK RIGGING LTD Unaudited accounts Contents
Page
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AK RIGGING LTD Company Information for the year ended 31 July 2023
Director
Mr Adam Knight
Company Number
SC636764 (Scotland)
Registered Office
22 FORDELL GARDENS KIRKCALDY FIFE KY2 5TL SCOTLAND
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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AK RIGGING LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
764 
1,311 
Current assets
Cash at bank and in hand
2,488 
5,598 
Creditors: amounts falling due within one year
- 
(1,124)
Net current assets
2,488 
4,474 
Net assets
3,252 
5,785 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,250 
5,783 
Shareholders' funds
3,252 
5,785 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 July 2024 and were signed on its behalf by
Mr Adam Knight Director Company Registration No. SC636764
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AK RIGGING LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
AK RIGGING LTD is a private company, limited by shares, registered in Scotland, registration number SC636764. The registered office is 22 FORDELL GARDENS, KIRKCALDY, FIFE, KY2 5TL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight line
Going concern
The director states that the company is operated in conjunction with other sources of personal income. The split between each source differs during each financial reporting period, as such he has no concerns as to business viability despite small losses during the period.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
500 
2,403 
2,903 
At 31 July 2023
500 
2,403 
2,903 
Depreciation
At 1 August 2022
192 
1,400 
1,592 
Charge for the year
46 
501 
547 
At 31 July 2023
238 
1,901 
2,139 
Net book value
At 31 July 2023
262 
502 
764 
At 31 July 2022
308 
1,003 
1,311 
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AK RIGGING LTD Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
- 
1,124 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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