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Company No: 02574977 (England and Wales)

RIGRITE SERVICES LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

RIGRITE SERVICES LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

RIGRITE SERVICES LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
RIGRITE SERVICES LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Dean Ross Nuttall
Jason Karl Nuttall
SECRETARY Jason Karl Nuttall
REGISTERED OFFICE 37 Lower Brook Street
Ipswich
IP4 1AQ
United Kingdom
COMPANY NUMBER 02574977 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
RIGRITE SERVICES LTD

BALANCE SHEET

As at 30 September 2024
RIGRITE SERVICES LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 33,618 43,934
33,618 43,934
Current assets
Debtors 4 139,494 179,251
Cash at bank and in hand 107,654 113,115
247,148 292,366
Creditors: amounts falling due within one year 5 ( 80,103) ( 120,680)
Net current assets 167,045 171,686
Total assets less current liabilities 200,663 215,620
Creditors: amounts falling due after more than one year 6 0 ( 1,356)
Net assets 200,663 214,264
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 200,563 214,164
Total shareholders' funds 200,663 214,264

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Rigrite Services Ltd (registered number: 02574977) were approved and authorised for issue by the Board of Directors on 28 January 2025. They were signed on its behalf by:

Jason Karl Nuttall
Director
RIGRITE SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
RIGRITE SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rigrite Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 37 Lower Brook Street, Ipswich, IP4 1AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 October 2023 9,498 79,660 2,655 91,813
Additions 189 0 515 704
Rounding 0 0 ( 1) ( 1)
At 30 September 2024 9,687 79,660 3,169 92,516
Accumulated depreciation
At 01 October 2023 8,688 37,053 2,138 47,879
Charge for the financial year 238 10,652 129 11,019
At 30 September 2024 8,926 47,705 2,267 58,898
Net book value
At 30 September 2024 761 31,955 902 33,618
At 30 September 2023 810 42,607 517 43,934

4. Debtors

2024 2023
£ £
Trade debtors 88,612 129,369
Other debtors 50,882 49,882
139,494 179,251

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 33,933 53,049
Taxation and social security 33,607 51,948
Obligations under finance leases and hire purchase contracts 1,356 3,149
Other creditors 11,207 12,534
80,103 120,680

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 0 1,356

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100