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RIGGS MEDIA GROUP LTD

Registered Number
SC711755
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2024

RIGGS MEDIA GROUP LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

RIGGS, Gavin Angelo Scott

Registered Address

80 Main Street
Alexandria
G83 0PB

Place of Business

268 W Main Street

Whitburn

Bathgate

EH47 0LB


Registered Number

SC711755 (Scotland)
RIGGS MEDIA GROUP LTD
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,16914,551
11,16914,551
Current assets
Debtors1,981486
Cash at bank and on hand5,7411,886
7,7222,372
Creditors amounts falling due within one year(10,645)(7,925)
Net current assets (liabilities)(2,923)(5,553)
Total assets less current liabilities8,2468,998
Creditors amounts falling due after one year(53,640)(38,099)
Net assets(45,394)(29,101)
Capital and reserves
Profit and loss account(45,394)(29,101)
Shareholders' funds(45,394)(29,101)
The financial statements were approved and authorised for issue by the Director on 7 January 2025, and are signed on its behalf by:
RIGGS, Gavin Angelo Scott
Director
Registered Company No. SC711755
RIGGS MEDIA GROUP LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2324,748
Additions1,900
At 31 October 2426,648
Depreciation and impairment
At 01 November 2310,197
Charge for year5,282
At 31 October 2415,479
Net book value
At 31 October 2411,169
At 31 October 2314,551