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Registered Number: 11885035
England and Wales

 

 

 

RIGMAX LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3   79,587 
  79,587 
Current assets      
Debtors 4 439,126    1,614,619 
Cash at bank and in hand 3,592,031    3,240,231 
4,031,157    4,854,850 
Creditors: amount falling due within one year 5 (3,999)   (2,107,640)
Net current assets 4,027,158    2,747,210 
 
Total assets less current liabilities 4,027,158    2,826,797 
Net assets 4,027,158    2,826,797 
 

Capital and reserves
     
Called up share capital 4    4 
Profit and loss account 4,027,154    2,826,793 
Shareholders' funds 4,027,158    2,826,797 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 April 2025 and were signed on its behalf by:


-------------------------------
A S Pounder
Director
1
General Information
Rigmax Ltd is a private company, limited by shares, registered in England and Wales, registration number 11885035, registration address 79 Low Road, Hellesdon, Norwich.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The company ceased trading on 31st March 2025 and the financial statements have been prepared on the basis other than that of the going concern basis which includes, where appropriate , writing down the company's assets to net realisable value. The company does not have any long term contracts at the balance sheet date therefore no adjustments are applicable. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 6 (2024 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 April 2024 38,871    66,000    7,612    112,483 
Additions   32,000    1,939    33,939 
Disposals (38,871)   (98,000)   (9,551)   (146,422)
At 31 March 2025      
Depreciation
At 01 April 2024 11,729    18,150    3,017    32,896 
Charge for year 4,782    19,962    1,633    26,377 
On disposals (16,511)   (38,112)   (4,650)   (59,273)
At 31 March 2025      
Net book values
Closing balance as at 31 March 2025      
Opening balance as at 01 April 2024 27,142    47,850    4,595    79,587 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 361,320    1,615,155 
Other Debtors   (543)
PAYE & Social Security   7 
Director - A Pounder 25,147   
Director - J Joyce 25,147   
VAT 27,512   
439,126    1,614,619 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 3,999   
Corporation Tax   915,195 
Accrued Expenses   3,797 
Other Creditors   7,005 
Director - A Pounder   81,841 
Director - J Joyce   81,841 
VAT   1,017,961 
3,999    2,107,640 

6.

Directors advances, credits and guarantees

Included in debtors are amounts owed to the Company from the Directors of £50,196 (2024 - £163,681 credit balance).

7.

Controlling party

For the whole of the year under review the Company was under the control of its Directors.
2