ACCOUNTS - Final Accounts

NICE JOB RIGGING LIMITED - Company Information

Registered number: 08054467

NICE JOB RIGGING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019


NICE JOB RIGGING LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


NICE JOB RIGGING LIMITED REGISTERED NUMBER:08054467

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2019

		2019		2018
Note		£		£

Fixed assets
Tangible assets	4		1,914		1,887
Current assets
Debtors: amounts falling due within one year	5	27,459		13,049
Cash at bank and in hand		7,964		8,334
		35,423		21,383
Creditors: amounts falling due within one year	6	(36,888)		(23,226)
Net current liabilities			(1,465)		(1,843)
Total assets less current liabilities			449		44

Net assets			449		44

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		447	42
		449	44

Page 1


NICE JOB RIGGING LIMITED REGISTERED NUMBER:08054467

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2019

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B Brown

Director

Date: 25 February 2020

The notes on pages 3 to 5 form part of these financial statements.

Page 2


NICE JOB RIGGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

1.	General information

Nice Job Rigging Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company continued to be that of the supply of rigging services to the media industry.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3


NICE JOB RIGGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

2.Accounting policies (continued)

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting

2.8

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 June 2018	4,034
	Additions	665
	At 31 May 2019	4,699
	Depreciation
	At 1 June 2018	2,147
	Charge for the year on owned assets	638
	At 31 May 2019	2,785
	Net book value
	At 31 May 2019	1,914
	At 31 May 2018	1,887

Page 4


NICE JOB RIGGING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

Debtors

					2019	2018
					£	£


Trade debtors	702	1,728
Other debtors	26,679	11,243
Prepayments and accrued income	78	78
	27,459	13,049

Included within other debtors is a balance owed by a director of £26,679 (2018 - £11,243).

6.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Trade creditors	10,329	6,034
Taxation and social security	24,369	15,092
Accruals and deferred income	2,190	2,100
	36,888	23,226

7.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

2 (2018 - 2) Ordinary shares of £1 each	2	2

Page 5