RIGOR PRECISION ENGINEERS LTD

Company Registration Number:
11285834 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

RIGOR PRECISION ENGINEERS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

RIGOR PRECISION ENGINEERS LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 3,342 4,123
Tangible assets: 4 86,827 67,919
Total fixed assets: 90,169 72,042
Current assets
Stocks: 2,000 2,000
Debtors:   25,314 29,639
Cash at bank and in hand: 19,202 0
Total current assets: 46,516 31,639
Creditors: amounts falling due within one year:   (51,828) (41,776)
Net current assets (liabilities): (5,312) (10,137)
Total assets less current liabilities: 84,857 61,905
Creditors: amounts falling due after more than one year:   (38,119) (33,084)
Provision for liabilities: (17,000) (8,900)
Total net assets (liabilities): 29,738 19,921
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 29,638 19,821
Shareholders funds: 29,738 19,921

The notes form part of these financial statements

RIGOR PRECISION ENGINEERS LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 October 2024
and signed on behalf of the board by:

Name: J W Jordan
Status: Director

The notes form part of these financial statements

RIGOR PRECISION ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is generated from the principal activity of precision engineering.

Tangible fixed assets and depreciation policy

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. Plant and machinery etc - 25% on reducing balance and Over the term of the lease

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised evenly over its estimated useful life of ten years.

Other accounting policies

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 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. 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 The director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis of preparation in preparing the financial statements.

RIGOR PRECISION ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

RIGOR PRECISION ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible Assets

Total
Cost £
At 01 May 2023 7,453
At 30 April 2024 7,453
Amortisation
At 01 May 2023 3,330
Charge for year 781
At 30 April 2024 4,111
Net book value
At 30 April 2024 3,342
At 30 April 2023 4,123

RIGOR PRECISION ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 148,651
Additions 38,744
At 30 April 2024 187,395
Depreciation
At 01 May 2023 80,732
Charge for year 19,836
At 30 April 2024 100,568
Net book value
At 30 April 2024 86,827
At 30 April 2023 67,919

RIGOR PRECISION ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Related party transactions

During the year the company was controlled by J W Jordan.