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REGISTERED NUMBER: 03884376 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

RIGGS PLANT LIMITED

RIGGS PLANT LIMITED (REGISTERED NUMBER: 03884376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RIGGS PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Miss K Riggs





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 03884376 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

RIGGS PLANT LIMITED (REGISTERED NUMBER: 03884376)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 257,063 238,668

CURRENT ASSETS
Debtors 5 65,828 95,100
Cash at bank 212,784 226,538
278,612 321,638
CREDITORS
Amounts falling due within one year 6 102,571 128,054
NET CURRENT ASSETS 176,041 193,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,104

432,252

CREDITORS
Amounts falling due after more than one
year

7

(12,222

)

-

PROVISIONS FOR LIABILITIES (48,004 ) (51,715 )
NET ASSETS 372,878 380,537

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 11,424 11,424
Retained earnings 361,354 369,013
SHAREHOLDERS' FUNDS 372,878 380,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 26 March 2025 and were signed by:





Miss K Riggs - Director


RIGGS PLANT LIMITED (REGISTERED NUMBER: 03884376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Riggs Plant Limited 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

RIGGS PLANT LIMITED (REGISTERED NUMBER: 03884376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 801,073 111,404 9,408 921,885
Additions 40,375 33,209 - 73,584
Disposals (7,473 ) (21,770 ) - (29,243 )
At 31 January 2025 833,975 122,843 9,408 966,226
DEPRECIATION
At 1 February 2024 588,704 87,477 7,036 683,217
Charge for year 36,984 7,636 1,234 45,854
Eliminated on disposal (7,322 ) (12,586 ) - (19,908 )
At 31 January 2025 618,366 82,527 8,270 709,163
NET BOOK VALUE
At 31 January 2025 215,609 40,316 1,138 257,063
At 31 January 2024 212,369 23,927 2,372 238,668

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 21,770
Additions 33,209
Disposals (21,770 )
At 31 January 2025 33,209
DEPRECIATION
At 1 February 2024 12,586
Charge for year 3,950
Eliminated on disposal (12,586 )
At 31 January 2025 3,950
NET BOOK VALUE
At 31 January 2025 29,259
At 31 January 2024 9,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 45,846 87,911
Tax 11,975 -
Prepayments 8,007 7,189
65,828 95,100

RIGGS PLANT LIMITED (REGISTERED NUMBER: 03884376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 7,333 -
Trade creditors 11,027 8,472
Tax (69 ) 15,442
Social security and other taxes 4,928 4,441
VAT 6,081 12,500
Other creditors 28,315 (391 )
Credit card 201 355
Directors' loan accounts 43,011 85,234
Accrued expenses 1,744 2,001
102,571 128,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 12,222 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Miss K Riggs decreased her loan to the company. As at 31 January 2025, the company owed her £43,011 (2024: £45,129). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K Riggs.

This was by virtue of her 100% holding of the issued share capital.