Caseware UK (AP4) 2024.0.164 2024.0.164 true2023-08-012falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04851859 2023-08-01 2024-07-31 04851859 2022-08-01 2023-07-31 04851859 2024-07-31 04851859 2023-07-31 04851859 2022-08-01 04851859 c:Director1 2023-08-01 2024-07-31 04851859 d:PlantMachinery 2023-08-01 2024-07-31 04851859 d:PlantMachinery 2024-07-31 04851859 d:PlantMachinery 2023-07-31 04851859 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04851859 d:MotorVehicles 2023-08-01 2024-07-31 04851859 d:MotorVehicles 2024-07-31 04851859 d:MotorVehicles 2023-07-31 04851859 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04851859 d:OfficeEquipment 2023-08-01 2024-07-31 04851859 d:OfficeEquipment 2024-07-31 04851859 d:OfficeEquipment 2023-07-31 04851859 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04851859 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04851859 d:CurrentFinancialInstruments 2024-07-31 04851859 d:CurrentFinancialInstruments 2023-07-31 04851859 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04851859 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04851859 d:ShareCapital 2024-07-31 04851859 d:ShareCapital 2023-07-31 04851859 d:RetainedEarningsAccumulatedLosses 2024-07-31 04851859 d:RetainedEarningsAccumulatedLosses 2023-07-31 04851859 c:OrdinaryShareClass1 2023-08-01 2024-07-31 04851859 c:OrdinaryShareClass1 2024-07-31 04851859 c:OrdinaryShareClass1 2023-07-31 04851859 c:FRS102 2023-08-01 2024-07-31 04851859 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04851859 c:FullAccounts 2023-08-01 2024-07-31 04851859 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04851859 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 04851859 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 04851859 2 2023-08-01 2024-07-31 04851859 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04851859










Nick Rigden Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2024





 
Nick Rigden Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Nick Rigden Limited for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nick Rigden Limited for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Nick Rigden Limited in accordance with the terms of our engagement letter dated 17 April 2023Our work has been undertaken solely to prepare for your approval the financial statements of Nick Rigden Limited and state those matters that we have agreed to state to the director of Nick Rigden Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nick Rigden Limited and its director for our work or for this report. 

It is your duty to ensure that Nick Rigden Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nick Rigden Limited. You consider that Nick Rigden Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Nick Rigden Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Canterbury
3 January 2025
Page 1

 
Nick Rigden Limited
Registered number: 04851859

Balance Sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,389
11,137

  
8,389
11,137

Current assets
  

Stocks
  
875
950

Debtors: amounts falling due within one year
 5 
111,855
130,540

Cash at bank and in hand
 6 
536,961
444,531

  
649,691
576,021

Creditors: amounts falling due within one year
 7 
(64,895)
(47,253)

Net current assets
  
 
 
584,796
 
 
528,768

Total assets less current liabilities
  
593,185
539,905

Provisions for liabilities
  

Deferred tax
 8 
(2,097)
(2,784)

  
 
 
(2,097)
 
 
(2,784)

Net assets
  
591,088
537,121


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
591,087
537,120

  
591,088
537,121


The director considers 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 director acknowledges his 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 2

 
Nick Rigden Limited
Registered number: 04851859

Balance Sheet (continued)
As at 31 July 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




N D Rigden
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Nick Rigden Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

1.


General information

Nick Rigden Limited is a private company limited by shares which was incorporated in England and Wales with the registration number 04851859.
The company’s registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU.
The financial statements are presented in pound Sterling, and rounded to the nearest pound.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
Nick Rigden Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.5

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.6

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%
Motor vehicles
-
25%
Office equipment
-
15%

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 profit or loss.

Page 5

 
Nick Rigden Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.

Page 6

 
Nick Rigden Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

3.


Employees

2024
2023
£
£

Wages and salaries
50,005
38,106

Cost of defined contribution scheme
1,642
1,729

51,647
39,835


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


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
4,095
41,440
3,671
49,206


Additions
-
-
433
433


Disposals
-
-
(2,759)
(2,759)



At 31 July 2024

4,095
41,440
1,345
46,880



Depreciation


At 1 August 2023
3,266
32,316
2,487
38,069


Charge for the year on owned assets
125
2,281
149
2,555


Disposals
-
-
(2,133)
(2,133)



At 31 July 2024

3,391
34,597
503
38,491



Net book value



At 31 July 2024
704
6,843
842
8,389



At 31 July 2023
829
9,124
1,184
11,137


5.


Debtors

2024
2023
£
£


Trade debtors
24,863
9,039

Other debtors
41,689
34,218

Prepayments and accrued income
3,943
2,784

Amounts recoverable on long-term contracts
41,360
84,499

111,855
130,540


Page 7

 
Nick Rigden Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
536,961
444,531

536,961
444,531



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,479
11,573

Corporation tax
20,445
20,555

Other taxation and social security
34,531
12,795

Accruals and deferred income
2,440
2,330

64,895
47,253



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(2,784)
(2,762)


Charged to profit or loss
687
(22)



At end of year
(2,097)
(2,784)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,097)
(2,784)

Page 8

 
Nick Rigden Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,642 (2023 - £1,729). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors


Page 9