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REGISTERED NUMBER: 03859000 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Stephen Rigby
(Plastering Contractors) Limited

Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Stephen Rigby
(Plastering Contractors) Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: S L Rigby
Mrs J Rigby





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 03859000 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Abridged Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 126,338 115,116
126,338 115,116

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 327,914 352,298
Cash at bank 169,130 166,869
499,044 521,167
CREDITORS
Amounts falling due within one year 382,597 417,322
NET CURRENT ASSETS 116,447 103,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,785

218,961

CREDITORS
Amounts falling due after more than one year (24,769 ) (65,336 )

PROVISIONS FOR LIABILITIES (31,584 ) (30,233 )
NET ASSETS 186,432 123,392

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 185,432 122,392
SHAREHOLDERS' FUNDS 186,432 123,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Abridged Balance Sheet - continued
31 October 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 January 2025 and were signed on its behalf by:





S L Rigby - Director


Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Stephen Rigby (Plastering Contractors) 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
The company provides services to customers. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Computer equipment - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2023 - 6 ) .

Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 8,115
AMORTISATION
At 1 November 2023
and 31 October 2024 8,115
NET BOOK VALUE

At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 230,517
Additions 89,009
Disposals (77,642 )
At 31 October 2024 241,884
DEPRECIATION
At 1 November 2023 115,401
Charge for year 40,087
Eliminated on disposal (39,942 )
At 31 October 2024 115,546
NET BOOK VALUE
At 31 October 2024 126,338
At 31 October 2023 115,116

Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2023 99,790
Disposals (46,080 )
At 31 October 2024 53,710
DEPRECIATION
At 1 November 2023 51,212
Charge for year 5,665
Eliminated on disposal (20,160 )
At 31 October 2024 36,717
NET BOOK VALUE
At 31 October 2024 16,993
At 31 October 2023 48,578

6. SECURED DEBTS

The following secured debts are included within creditors:

31/10/24 31/10/23
£    £   
Bank loans 33,764 87,732
Hire purchase contracts 27,269 36,374
61,033 124,106

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

Stephen Rigby
(Plastering Contractors) Limited (Registered number: 03859000)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24 31/10/23
£    £   
S L Rigby and Mrs J Rigby
Balance outstanding at start of year - (320 )
Amounts advanced - 136,356
Amounts repaid - (136,036 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -