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REGISTERED NUMBER: 07375545 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Pier Rigging and Testing Limited

Pier Rigging and Testing Limited (Registered number: 07375545)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pier Rigging and Testing Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S M Jones





REGISTERED OFFICE: Unit 1, Steelfields Industrial Estate
Owens Way, Gads Hill
Gillingham
Kent
ME7 2RT





REGISTERED NUMBER: 07375545 (England and Wales)





AUDITORS: Hills Accountants Limited
Greenhill House
First Floor East Wing
Thorpe Road
Peterborough
Cambridgeshire
PE3 6RU

Pier Rigging and Testing Limited (Registered number: 07375545)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,670 3,159

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 24,322 21,749
Cash at bank and in hand 19,444 8,668
46,266 32,917
CREDITORS
Amounts falling due within one year 6 8,806 27,102
NET CURRENT ASSETS 37,460 5,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,130

8,974

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,030 8,874
40,130 8,974

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 June 2025 and were signed by:





S M Jones - Director


Pier Rigging and Testing Limited (Registered number: 07375545)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pier Rigging and Testing 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.

Going concern
The directors have prepared forecasts for the company for a period greater than 12 months from the date of approval of these financial statements. The forecasts take into account known changes in the trading environment, performance, ongoing funding requirements during that period.

After making enquiries, the directors have a reasonable expectation that the company has sufficient funds to meet its liabilities as they fall due, allowing the business to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis of preparing the financial statements.

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 etc - 25% on reducing balance

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

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.

Pier Rigging and Testing Limited (Registered number: 07375545)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 32,947
Disposals (2,087 )
At 30 September 2024 30,860
DEPRECIATION
At 1 October 2023 29,788
Charge for year 369
Eliminated on disposal (1,967 )
At 30 September 2024 28,190
NET BOOK VALUE
At 30 September 2024 2,670
At 30 September 2023 3,159

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 21,822 19,249
Other debtors 2,500 2,500
24,322 21,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 947 7,093
Taxation and social security 4,369 15,939
Other creditors 3,490 4,070
8,806 27,102

Pier Rigging and Testing Limited (Registered number: 07375545)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Lee James Hills (Senior Statutory Auditor)
for and on behalf of Hills Accountants Limited

8. RELATED PARTY DISCLOSURES

As at 30 September 2024 the company owed £525 (2023 £Nil) to its parent company, European Active Projects Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S M Jones.