Guy Riggott Associates LTD 06928733 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of recruitment services and temporary staff. Digita Accounts Production Advanced 6.30.9574.0 true 06928733 2024-04-01 2025-03-31 06928733 2025-03-31 06928733 bus:Director1 1 2025-03-31 06928733 bus:OrdinaryShareClass1 2025-03-31 06928733 core:CurrentFinancialInstruments 2025-03-31 06928733 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06928733 core:Non-currentFinancialInstruments 2025-03-31 06928733 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06928733 core:FurnitureFittingsToolsEquipment 2025-03-31 06928733 bus:SmallEntities 2024-04-01 2025-03-31 06928733 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06928733 bus:FilletedAccounts 2024-04-01 2025-03-31 06928733 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06928733 bus:RegisteredOffice 2024-04-01 2025-03-31 06928733 bus:Director1 2024-04-01 2025-03-31 06928733 bus:Director1 1 2024-04-01 2025-03-31 06928733 bus:Director2 2024-04-01 2025-03-31 06928733 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06928733 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06928733 bus:Agent1 2024-04-01 2025-03-31 06928733 core:OfficeEquipment 2024-04-01 2025-03-31 06928733 countries:England 2024-04-01 2025-03-31 06928733 2024-03-31 06928733 bus:Director1 1 2024-03-31 06928733 core:FurnitureFittingsToolsEquipment 2024-03-31 06928733 2023-04-01 2024-03-31 06928733 2024-03-31 06928733 bus:Director1 1 2024-03-31 06928733 bus:OrdinaryShareClass1 2024-03-31 06928733 core:CurrentFinancialInstruments 2024-03-31 06928733 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06928733 core:Non-currentFinancialInstruments 2024-03-31 06928733 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06928733 bus:Director1 1 2023-04-01 2024-03-31 06928733 bus:Director1 1 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06928733

Guy Riggott Associates LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Guy Riggott Associates LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Guy Riggott Associates LTD

Company Information

Directors

Mr Guy Julian Riggott

Mrs Cheryl Karen Riggott

Registered office

21 Bishops Road
Sutton Coldfield
B73 6HX

Accountants

Nigel Gorski Consulting
Chartered Accountant23 Hollinwood View
Bingley
West Yorkshire
BD16 2EF

 

Guy Riggott Associates LTD

(Registration number: 06928733)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Debtors

5

73,893

17,223

Cash at bank and in hand

 

26,334

25,527

 

100,227

42,750

Creditors: Amounts falling due within one year

6

(41,591)

(7,111)

Total assets less current liabilities

 

58,636

35,639

Creditors: Amounts falling due after more than one year

6

(30,069)

(35,531)

Net assets

 

28,567

108

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

28,467

8

Shareholders' funds

 

28,567

108

For the financial year ending 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

.........................................
Mr Guy Julian Riggott
Director

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
21 Bishops Road
Sutton Coldfield
B73 6HX

These financial statements were authorised for issue by the Board on 29 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

3,509

3,509

At 31 March 2025

3,509

3,509

Depreciation

At 1 April 2024

3,509

3,509

At 31 March 2025

3,509

3,509

Carrying amount

At 31 March 2025

-

-

5

Debtors

Current

2025
£

2024
£

Trade debtors

32,935

17,833

Prepayments

311

284

Other debtors

40,647

(894)

 

73,893

17,223

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

-

(19,361)

Trade creditors

 

147

952

Taxation and social security

 

41,462

25,520

Other creditors

 

(18)

-

 

41,591

7,111

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

30,069

35,531

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

30,069

35,531

Current loans and borrowings

2025
£

2024
£

Other borrowings

-

(19,361)

9

Dividends

2025

2024

£

£

 

 

10

Related party transactions

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Transactions with directors

2025

At 1 April 2024
£

At 31 March 2025
£

Mr Guy Julian Riggott

Interest free loan

19,360

19,360

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr Guy Julian Riggott

Interest free loan

11,479

19,360

(11,479)

19,360

 

Guy Riggott Associates LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

12,570

12,570

Contributions paid to money purchase schemes

3,400

5,400

15,970

17,970