REGISTERED NUMBER: SC370451 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

RIGA Piping Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Galley

Mrs C Galley

REGISTERED OFFICE:

19 Bon Accord Crescent

Aberdeen

AB11 6DE

REGISTERED NUMBER:

SC370451 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

38,851

21,885

Investments

5

37,699

34,199

76,550

56,084

CURRENT ASSETS

Debtors

6

11,178

15,594

Cash at bank

29,261

14,798

40,439

30,392

CREDITORS

Amounts falling due within one year

7

42,870

43,143

NET CURRENT LIABILITIES

(2,431

)

(12,751

)

TOTAL ASSETS LESS CURRENT LIABILITIES

74,119

43,333

CREDITORS

Amounts falling due after more than one year

8

(18,811

)

-

PROVISIONS FOR LIABILITIES

(7,382

)

(4,158

)

NET ASSETS

47,926

39,175

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,826

39,075

SHAREHOLDERS' FUNDS

47,926

39,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

R Galley - Director

1.	STATUTORY INFORMATION

RIGA Piping Solutions Ltd is a private company, limited by shares , registered in Scotland. 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 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

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

1,619

29,125

-

6,222

36,966

Additions

-

255

29,795

-

30,050

At 31 March 2025

1,619

29,380

29,795

6,222

67,016

DEPRECIATION

At 1 April 2024

1,619

7,545

-

5,917

15,081

Charge for year

-

7,345

5,587

152

13,084

At 31 March 2025

1,619

14,890

5,587

6,069

28,165

NET BOOK VALUE

At 31 March 2025

-

14,490

24,208

153

38,851

At 31 March 2024

-

21,580

-

305

21,885

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 April 2024

34,199

Additions

3,500

At 31 March 2025

37,699

NET BOOK VALUE

At 31 March 2025

37,699

At 31 March 2024

34,199

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

11,178

15,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

12,217

11,734

Other creditors

30,653

31,409

42,870

43,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

18,811

-

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Galley.