REGISTERED NUMBER: 07457650 (England and Wales)

Rigging Team Limited

Unaudited Financial Statements For The Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Adam Searle

REGISTERED OFFICE:

Unit 3

Gunnels Wood Park

Gunnels Wood Road

Stevenage

Hertfordshire

SG1 2BH

REGISTERED NUMBER:

07457650 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

753,062

536,490

CURRENT ASSETS

Work in progress

5

107,500

151,274

Debtors

6

327,992

520,377

Cash at bank and in hand

114,297

82,169

549,789

753,820

CREDITORS

Amounts falling due within one year

7

(779,746

)

(901,963

)

NET CURRENT LIABILITIES

(229,957

)

(148,143

)

TOTAL ASSETS LESS CURRENT LIABILITIES

523,105

388,347

CREDITORS

Amounts falling due after more than one year

8

(205,119

)

(99,186

)

PROVISIONS FOR LIABILITIES

(44,772

)

(1,820

)

NET ASSETS

273,214

287,341

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

273,213

287,340

273,214

287,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 September 2026 and were signed by:

Adam Searle - Director

1.	STATUTORY INFORMATION

Rigging Team 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

During 2020 the worldwide spread of Coronavirus has occurred and from March 2020 has affected the UK. This has, and continues to, affect the way the company operates and the markets it operates in. The company is making appropriate adjustments in terms of how it operates and to protect its employees. The company hasn't had to rely upon any financial support packages from the UK government. For these reasons the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Furniture and fittings

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 18 (2024 - 18 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Furniture

Fixtures

to

and

and

Computer

property

fittings

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

11,783

955,213

97,546

49,690

1,114,232

Additions

2,626

282,956

-

288

285,870

At 31 December 2025

14,409

1,238,169

97,546

49,978

1,400,102

DEPRECIATION

At 1 January 2025

3,636

497,715

33,906

42,485

577,742

Charge for year

1,200

55,813

7,240

5,045

69,298

At 31 December 2025

4,836

553,528

41,146

47,530

647,040

NET BOOK VALUE

At 31 December 2025

9,573

684,641

56,400

2,448

753,062

At 31 December 2024

8,147

457,498

63,640

7,205

536,490

The net book value of property, plant and equipment includes £ 224,436 in respect of assets held under hire purchase contracts.

5.	WORK IN PROGRESS

2025

2024

£

£

Stocks

52,500

52,500

Work-in-progress

55,000

98,774

107,500

151,274

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

214,564

355,460

Other debtors

30,839

28,316

Directors' current accounts

7,571

4,659

Prepayments

75,018

131,942

327,992

520,377

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

44,014

114,056

Hire purchase contracts

58,044

-

Trade creditors

289,947

455,384

Social security and other taxes

21,310

26,937

VAT

111,120

81,497

Other creditors

318

443

Accrued expenses

254,993

223,646

779,746

901,963

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

55,172

44,014

Bank loans - 2-5 years

-

55,172

Hire purchase contracts

149,947

-

205,119

99,186

9.	RELATED PARTY DISCLOSURES

During the year the company paid £Nil (2024- £Nil) in dividends to the director.

At the year end the company was owed £7,571 from the director (2024 - £4,659 from the director).