REGISTERED NUMBER: 02677266 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Riglift (U.K.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Grant

P F Grant

SECRETARY:

Mrs K Grant

REGISTERED OFFICE:

Richmer Road

Erith

Kent

DA8 2HN

REGISTERED NUMBER:

02677266 (England and Wales)

ACCOUNTANTS:

Richard Croucher & Co Limited

Chartered Certified Accountants

Burrs Hill Staplehurst Raod

Marden

Tonbridge

Kent

TN12 9BS

SOLICITORS:

Turner & Debenhams

Ivy House

107 St Peters Street

St Albans

Hertfordshire

AL1 3EW

FIXED ASSETS

Tangible assets

4

1,471,024

1,314,328

CURRENT ASSETS

Debtors

5

588,668

599,559

Cash at bank

1

43,893

588,669

643,452

CREDITORS

Amounts falling due within one year

6

545,125

428,093

NET CURRENT ASSETS

43,544

215,359

TOTAL ASSETS LESS CURRENT LIABILITIES

1,514,568

1,529,687

CREDITORS

Amounts falling due after more than one year

7

(429,082

)

(319,638

)

PROVISIONS FOR LIABILITIES

(222,816

)

(203,395

)

NET ASSETS

862,670

1,006,654

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

862,570

1,006,554

SHAREHOLDERS' FUNDS

862,670

1,006,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 3 August 2026 and were signed on its behalf by:

Mrs K Grant - Director

1.	STATUTORY INFORMATION

Riglift (U.K.) 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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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.

Freehold property

-

1% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets other than freehold land are stated at cost less depreciation.

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 held under hire purchase or finance lease contracts are capitalised on in the Balance Sheet and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the Profit and Loss Account over the period of the agreement.

All other leases are regarded as operating leases and the payments made under them are charged to the Profit and Loss Account on a straight-line basis over the lease term.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

616,475

2,051,827

2,668,302

Additions

-

349,831

349,831

At 30 November 2025

616,475

2,401,658

3,018,133

DEPRECIATION

At 1 December 2024

138,566

1,215,408

1,353,974

Charge for year

6,165

186,970

193,135

At 30 November 2025

144,731

1,402,378

1,547,109

NET BOOK VALUE

At 30 November 2025

471,744

999,280

1,471,024

At 30 November 2024

477,909

836,419

1,314,328

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

Plant and

machinery

etc

£

COST

At 1 December 2024

797,746

Additions

314,646

At 30 November 2025

1,112,392

DEPRECIATION

At 1 December 2024

181,667

Charge for year

111,239

At 30 November 2025

292,906

NET BOOK VALUE

At 30 November 2025

819,486

At 30 November 2024

616,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

524,771

541,114

Other debtors

63,897

58,445

588,668

599,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

85,762

10,000

Hire purchase contracts

173,102

149,784

Trade creditors

96,475

97,830

Taxation and social security

142,782

162,617

Other creditors

47,004

7,862

545,125

428,093

Obligations under hire purchase and finance lease contracts are secured on the assets concerned.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

10,687

10,000

Hire purchase contracts

418,395

309,638

429,082

319,638

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank overdraft

83,152

-

Hire purchase contracts

591,497

459,422

674,649

459,422

Obligations under hire purchase and finance lease contracts are secured on the assets concerned.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Mrs K Grant and P F Grant

Balance outstanding at start of year

-

19,640

Amounts repaid

(20,000

)

(19,640

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(20,000

)

-

Mrs K Grant advanced the company £20,000 on 28th November 2025, there are no set repayment terms for this advance.