Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31supply of construction services2023-06-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07636567 2023-06-01 2024-05-31 07636567 2022-06-01 2023-05-31 07636567 2024-05-31 07636567 2023-05-31 07636567 c:Director1 2023-06-01 2024-05-31 07636567 d:PlantMachinery 2023-06-01 2024-05-31 07636567 d:PlantMachinery 2024-05-31 07636567 d:PlantMachinery 2023-05-31 07636567 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07636567 d:MotorVehicles 2023-06-01 2024-05-31 07636567 d:MotorVehicles 2024-05-31 07636567 d:MotorVehicles 2023-05-31 07636567 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07636567 d:OfficeEquipment 2023-06-01 2024-05-31 07636567 d:OfficeEquipment 2024-05-31 07636567 d:OfficeEquipment 2023-05-31 07636567 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07636567 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07636567 d:CurrentFinancialInstruments 2024-05-31 07636567 d:CurrentFinancialInstruments 2023-05-31 07636567 d:Non-currentFinancialInstruments 2024-05-31 07636567 d:Non-currentFinancialInstruments 2023-05-31 07636567 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07636567 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07636567 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 07636567 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07636567 d:ShareCapital 2024-05-31 07636567 d:ShareCapital 2023-05-31 07636567 d:RetainedEarningsAccumulatedLosses 2024-05-31 07636567 d:RetainedEarningsAccumulatedLosses 2023-05-31 07636567 c:OrdinaryShareClass1 2023-06-01 2024-05-31 07636567 c:OrdinaryShareClass1 2024-05-31 07636567 c:OrdinaryShareClass1 2023-05-31 07636567 c:FRS102 2023-06-01 2024-05-31 07636567 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07636567 c:FullAccounts 2023-06-01 2024-05-31 07636567 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07636567 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 07636567 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 07636567 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07636567














RIGGINOLOGY LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
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 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
73,482
77,006

  
73,482
77,006

Current assets
  

Debtors: amounts falling due within one year
 5 
95,257
110,924

Cash at bank and in hand
  
123,333
19,041

  
218,590
129,965

Creditors: amounts falling due within one year
 6 
(41,067)
(12,644)

Net current assets
  
 
 
177,523
 
 
117,321

Total assets less current liabilities
  
251,005
194,327

Creditors: amounts falling due after more than one year
 7 
(5,017)
(9,116)

Provisions for liabilities
  

Deferred tax
 8 
(13,878)
(14,528)

  
 
 
(13,878)
 
 
(14,528)

Net assets
  
232,110
170,683


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
231,110
169,683

  
232,110
170,683


Page 1

 
RIGGINOLOGY LTD
REGISTERED NUMBER:07636567
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

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 17 January 2025.




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 2024

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

Page 3

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

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.

 
2.8

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.

 
2.9

Borrowing costs

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

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
103,420
48,773
12,046
164,239


Additions
20,971
-
-
20,971



At 31 May 2024

124,391
48,773
12,046
185,210



Depreciation


At 1 June 2023
47,179
32,142
7,912
87,233


Charge for the year on owned assets
19,303
4,158
1,034
24,495



At 31 May 2024

66,482
36,300
8,946
111,728



Net book value



At 31 May 2024
57,909
12,473
3,100
73,482



At 31 May 2023
56,241
16,631
4,134
77,006


5.


Debtors

2024
2023
£
£


Trade debtors
-
16,322

Other debtors
95,257
91,036

Prepayments and accrued income
-
3,566

95,257
110,924



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,317
4,216

Other taxation and social security
33,505
1,202

Other creditors
115
4,026

Accruals and deferred income
3,130
3,200

41,067
12,644


Page 5

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,017
9,116




Page 6

 
RIGGINOLOGY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Deferred taxation




2024


£






At beginning of year
(14,529)


Charged to profit or loss
651



At end of year
(13,878)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(13,877)
(14,529)

(13,877)
(14,529)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000


 
Page 7