Registered number
13075694
Rigomi Ltd
Filleted Accounts
for the year ended 31 December 2024
Rigomi Ltd
Registered number: 13075694
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,484 22,543
Current assets
Debtors 4 - 26,240
Cash at bank and in hand 21,538 36,490
21,538 62,730
Creditors: amounts falling due within one year 5 (27,347) (27,433)
Net current assets/(liabilities) (5,809) 35,297
Total assets less current liabilities 31,675 57,840
Creditors: amounts falling due after more than one year 6 - (9,803)
Net assets 31,675 48,037
Capital and reserves
Called up share capital 100 1
Profit and loss account 31,575 48,036
Shareholders' funds 31,675 48,037
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Jake Rigby
Director
Approved by the board on 4 February 2025
Rigomi Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straight line
Motor vehicle 18% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery Motor Vehicles Total
£ £ £
Cost
At 1 January 2024 2,018 24,995 27,013
Additions 1,367 22,000 23,367
At 31 December 2024 3,385 46,995 50,380
Depreciation
At 1 January 2024 1,346 3,124 4,470
Charge for the year 529 7,897 8,426
At 31 December 2024 1,875 11,021 12,896
Net book value
At 31 December 2024 1,510 35,974 37,484
At 31 December 2023 672 21,871 22,543
4 Debtors 2024 2023
£ £
Trade debtors - 25,740
Other debtors - 500
- 26,240
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accrual 18,000 16,099
Corporation tax 2,374 7,462
Taxation and social security 1,990 10,904
Finance lease and HP contracts 4,583 10,000
Directors' account 400 (17,032)
27,347 27,433
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 4,167
Other creditors - 5,636
- 9,803
7 Profit and loss account 2024
£
At 1 January 2024 48,036
Profit for the year 50,539
Dividend (67,000)
At 31 December 2024 31,575
8 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year:
Dividends paid 67,000 49,000
67,000 49,000
9 Related party transactions
Included within the creditors at the year end is £400 (2023: (£17,032)) due to Mr J Rigby & Mrs A Stansfield, the company directors. During the period the company paid £88,010 of expenses on behalf of the directors and the directors introduced £105,442.
10 Controlling parties
The ultimate controlling parties are the directors and shareholders Mr J Rigby & Ms A Stansfield.
11 Other information
Rigomi Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lower Laith Cottage
Halifax Road
Todmorden
OL14 5RX
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