Rigby Wireworks & Co (1982) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1617604

Rigby Wireworks & Co (1982) Limited

Filleted Unaudited Financial Statements

31 March 2025

Rigby Wireworks & Co (1982) Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Rigby Wireworks & Co (1982) Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Rigby Wireworks & Co (1982) Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rigby Wireworks & Co (1982) Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Rigby Wireworks & Co (1982) Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Rigby Wireworks & Co (1982) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rigby Wireworks & Co (1982) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rigby Wireworks & Co (1982) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rigby Wireworks & Co (1982) Limited. You consider that Rigby Wireworks & Co (1982) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Rigby Wireworks & Co (1982) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

3 December 2025

Rigby Wireworks & Co (1982) Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,826	3,768

Current assets

Stocks		181,763	155,392
Debtors	6	498,392	534,035
Investments	7	762,724	787,304
Cash at bank and in hand		4,135,413	3,708,820
		------------	------------
		5,578,292	5,185,551

Creditors: amounts falling due within one year	8	1,699,072	1,589,917
		------------	------------
Net current assets		3,879,220	3,595,634
		------------	------------
Total assets less current liabilities		3,882,046	3,599,402

Provisions

Taxation including deferred tax	93,757	99,992
	------------	------------
Net assets	3,788,289	3,499,410
	------------	------------

Rigby Wireworks & Co (1982) Limited

Statement of Financial Position (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	10,000	10,000
Fair value revaluation reserve	281,138	299,574
Profit and loss account	3,497,151	3,189,836
	------------	------------
Shareholders funds	3,788,289	3,499,410
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr C Lilleyman	Mr N Lilleyman
Director	Director

Company registration number: 1617604

Rigby Wireworks & Co (1982) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Downgate Drive, Sheffield, S4 8BU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Current asset investments

Current asset investments are stated at fair value at the balance sheet date.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less ) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15% reducing balance
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 13 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	7,322	1,000	44,749	1,996	55,067
	-------	-------	--------	-------	--------
Depreciation
At 1 April 2024	7,322	1,000	40,981	1,996	51,299
Charge for the year	–	–	942	–	942
	-------	-------	--------	-------	--------
At 31 March 2025	7,322	1,000	41,923	1,996	52,241
	-------	-------	--------	-------	--------
Carrying amount
At 31 March 2025	–	–	2,826	–	2,826
	-------	-------	--------	-------	--------
At 31 March 2024	–	–	3,768	–	3,768
	-------	-------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	455,678	471,112
Other debtors	42,714	62,923
	---------	---------
	498,392	534,035
	---------	---------

7. Investments

	2025	2024
	£	£
Collective redemption bond	631,389	643,953
Collective redemption bond	131,335	143,351
	---------	---------
	762,724	787,304
	---------	---------

The fair value of the investment at the year end date is £762,724 (2024:787,304), compared to the historical cost of £387,870. The fair value movement during the year, included in the income statement, amounts to a deficit of £24,581, (2024: surplus £59,362). This amount has been transferred to the fair value reserve, which now has a carrying value of £374,853 (2024: £399,434), less a deferred tax provision of £93,713 (2024: £99,859).

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	119,707	180,102
Corporation tax	119,195	106,951
Social security and other taxes	50,129	51,511
Other creditors	1,410,041	1,251,353
	------------	------------
	1,699,072	1,589,917
	------------	------------

9. Directors' advances, credits and guarantees

The company was under the control of Mr N Lilleyman and Mr C Lilleyman at the balance sheet date. Included in other debtors were amounts owing to the company of £1,314 (2024: £1,253) by Mr N Lilleyman and £1,314 (2024: £1,253) by Mr C Lilleyman . The opening balances were repaid in full during the year and the closing balance at the year end is equivalent to the amounts advanced in the year. These loans are interest free and carry no formal repayment terms.

10. Related party transactions

During the year the company traded with companies with common control, all on an arms length basis. Included in other creditors at the balance sheet date, is £1,404,511 (2024: £1,246,073) in respect of amounts due to John S Shackleton (Sheffield) Limited under inter company loan arrangements. The loan is interest free and has no formal terms of repayment.