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REGISTERED NUMBER: 06608939 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

S G Rigging Ltd

S G Rigging Ltd (Registered number: 06608939)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S G Rigging Ltd

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mr S J Gallagher
Mrs T P Gallagher





SECRETARY: Mrs T P Gallagher





REGISTERED OFFICE: Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 06608939 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

S G Rigging Ltd (Registered number: 06608939)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,036 58,957

CURRENT ASSETS
Debtors 5 17,066 25,720
Cash at bank 76,010 409,001
93,076 434,721
CREDITORS
Amounts falling due within one year 6 (62,136 ) (149,541 )
NET CURRENT ASSETS 30,940 285,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,976

344,137

CREDITORS
Amounts falling due after more than one year 7 (15,419 ) (30,091 )
NET ASSETS 56,557 314,046

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 56,556 314,045
SHAREHOLDERS' FUNDS 56,557 314,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr S J Gallagher - Director


S G Rigging Ltd (Registered number: 06608939)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

S G Rigging Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 118,911 27,762 2,114 148,787
Additions - 2,495 - 2,495
At 30 June 2024 118,911 30,257 2,114 151,282
DEPRECIATION
At 1 July 2023 64,006 24,285 1,539 89,830
Charge for year 18,320 1,702 394 20,416
At 30 June 2024 82,326 25,987 1,933 110,246
NET BOOK VALUE
At 30 June 2024 36,585 4,270 181 41,036
At 30 June 2023 54,905 3,477 575 58,957

S G Rigging Ltd (Registered number: 06608939)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,040 25,720
Other debtors 6,026 -
17,066 25,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,216 2,064
Taxation and social security 57,503 142,475
Other creditors 417 5,002
62,136 149,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 15,419 30,091

8. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the Directors.