Acorah Software Products - Accounts Production 19.3.550 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 01547253 Mr Paul Brown Mr Nigel Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01547253 2024-10-31 01547253 2025-10-31 01547253 2024-11-01 2025-10-31 01547253 frs-core:CurrentFinancialInstruments 2025-10-31 01547253 frs-core:Non-currentFinancialInstruments 2025-10-31 01547253 frs-core:BetweenOneFiveYears 2025-10-31 01547253 frs-core:ComputerEquipment 2025-10-31 01547253 frs-core:ComputerEquipment 2024-11-01 2025-10-31 01547253 frs-core:ComputerEquipment 2024-10-31 01547253 frs-core:FurnitureFittings 2025-10-31 01547253 frs-core:FurnitureFittings 2024-11-01 2025-10-31 01547253 frs-core:FurnitureFittings 2024-10-31 01547253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-10-31 01547253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-01 2025-10-31 01547253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 01547253 frs-core:MotorVehicles 2025-10-31 01547253 frs-core:MotorVehicles 2024-11-01 2025-10-31 01547253 frs-core:MotorVehicles 2024-10-31 01547253 frs-core:PlantMachinery 2025-10-31 01547253 frs-core:PlantMachinery 2024-11-01 2025-10-31 01547253 frs-core:PlantMachinery 2024-10-31 01547253 frs-core:WithinOneYear 2025-10-31 01547253 frs-core:ShareCapital 2025-10-31 01547253 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 01547253 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 01547253 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 01547253 frs-bus:SmallEntities 2024-11-01 2025-10-31 01547253 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 01547253 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 01547253 frs-bus:Director1 2024-11-01 2025-10-31 01547253 frs-bus:Director2 2024-11-01 2025-10-31 01547253 frs-countries:EnglandWales 2024-11-01 2025-10-31 01547253 2023-10-31 01547253 2024-10-31 01547253 2023-11-01 2024-10-31 01547253 frs-core:CurrentFinancialInstruments 2024-10-31 01547253 frs-core:Non-currentFinancialInstruments 2024-10-31 01547253 frs-core:BetweenOneFiveYears 2024-10-31 01547253 frs-core:WithinOneYear 2024-10-31 01547253 frs-core:ShareCapital 2024-10-31 01547253 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 01547253
Rig 2 Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01547253
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,528 78,572
95,528 78,572
CURRENT ASSETS
Stocks 5 168,583 243,105
Debtors 6 634,036 600,208
Cash at bank and in hand 422,752 94,888
1,225,371 938,201
Creditors: Amounts Falling Due Within One Year 7 (701,201 ) (590,793 )
NET CURRENT ASSETS (LIABILITIES) 524,170 347,408
TOTAL ASSETS LESS CURRENT LIABILITIES 619,698 425,980
Creditors: Amounts Falling Due After More Than One Year 8 - (12,282 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,882 ) (19,643 )
NET ASSETS 595,816 394,055
CAPITAL AND RESERVES
Called up share capital 9 203,670 203,670
Profit and Loss Account 392,146 190,385
SHAREHOLDERS' FUNDS 595,816 394,055
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Brown
Director
27th July 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rig 2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01547253 . The registered office is 2a Midland Street, Manchester, M12 6LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over 15 years
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2024: 23)
27 23
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 71,148 149,896 39,235 21,482
Additions 2,280 20,834 - 6,307
As at 31 October 2025 73,428 170,730 39,235 27,789
Depreciation
As at 1 November 2024 44,360 131,960 39,235 14,975
Provided during the period 2,767 7,248 - 3,851
As at 31 October 2025 47,127 139,208 39,235 18,826
Net Book Value
As at 31 October 2025 26,301 31,522 - 8,963
As at 1 November 2024 26,788 17,936 - 6,507
Computer Equipment Total
£ £
Cost
As at 1 November 2024 88,139 369,900
Additions 11,382 40,803
As at 31 October 2025 99,521 410,703
Depreciation
As at 1 November 2024 60,798 291,328
Provided during the period 9,981 23,847
As at 31 October 2025 70,779 315,175
...CONTINUED
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Page 5
Net Book Value
As at 31 October 2025 28,742 95,528
As at 1 November 2024 27,341 78,572
5. Stocks
2025 2024
£ £
Materials 60,000 60,000
Work in progress 108,583 183,105
168,583 243,105
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 492,232 423,191
Prepayments and accrued income 141,804 47,060
Other debtors - 6,563
Amounts owed by group undertakings - 123,394
634,036 600,208
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 225,621 164,751
Bank loans and overdrafts 12,282 69,999
Corporation tax 147,813 63,595
Other taxes and social security 48,670 86,159
VAT 156,617 157,274
Other creditors - 4,385
Accruals and deferred income 110,083 44,630
Directors' loan accounts 115 -
701,201 590,793
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 12,282
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 203,670 203,670
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 21,920 21,920
Later than one year and not later than five years 9,382 31,302
31,302 53,222
11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 99,072 95,189
Final dividend paid 155,454 -
254,526 95,189
During the year, Rig 2 Limited declared dividends totalling £125,453.84 to its immediate parent undertaking, Rig2 Manchester Limited, and its ultimate parent undertaking, Rig2 Holdings Limited.
The dividends declared were settled by way of offset against amounts receivable from those entities. Accordingly, no cash payments were made in respect of these dividends.
12. Related Party Transactions
Rig2 Holdings LimitedA company under the common control of the directors.At the balance sheet date, Rig2 Holdings Limited had no amounts owed to or from Rig 2 Limited as intercompany balances were fully settled through dividend declarations.

Rig2 Holdings Limited

A company under the common control of the directors.

At the balance sheet date, Rig2 Holdings Limited had no amounts owed to or from Rig 2 Limited as intercompany balances were fully settled through dividend declarations.

Rig2 Manchester LimitedA company under the common control of the directors.At the balance sheet date, Rig2 Manchester Limited had no amounts owed to or from Rig 2 Limited as intercompany balances were fully settled through dividend declarations.

Rig2 Manchester Limited

A company under the common control of the directors.

At the balance sheet date, Rig2 Manchester Limited had no amounts owed to or from Rig 2 Limited as intercompany balances were fully settled through dividend declarations.

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