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REGISTERED NUMBER: 03673600 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

RIGHT RESULTS LTD

RIGHT RESULTS LTD (REGISTERED NUMBER: 03673600)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


RIGHT RESULTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: P Loveridge





SECRETARY: Ms P J Chatfield





REGISTERED OFFICE: 8 Sherborne Road
Chichester
West Sussex
PO19 3AA





REGISTERED NUMBER: 03673600 (England and Wales)





ACCOUNTANTS: Heartwood Accountants Limited
Riverside House
3 Place Farm
Wheathampstead
Hertfordshire
AL4 8SB

RIGHT RESULTS LTD (REGISTERED NUMBER: 03673600)

ABRIDGED BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,586 3,610

CURRENT ASSETS
Work in progress 14,400 -
Debtors 13,502 -
Cash at bank 791,613 800,146
819,515 800,146
CREDITORS
Amounts falling due within one year 33,576 55,102
NET CURRENT ASSETS 785,939 745,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,525

748,654

PROVISIONS FOR LIABILITIES 301 685
NET ASSETS 787,224 747,969

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 787,124 747,869
SHAREHOLDERS' FUNDS 787,224 747,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 September 2022 and were signed by:





P Loveridge - Director


RIGHT RESULTS LTD (REGISTERED NUMBER: 03673600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Right Results Ltd 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 3 years

Work in progress
Work in progress is valued at the amount to be invoiced to the customer.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

RIGHT RESULTS LTD (REGISTERED NUMBER: 03673600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 18,935
DEPRECIATION
At 1 January 2021 15,325
Charge for year 2,024
At 31 December 2021 17,349
NET BOOK VALUE
At 31 December 2021 1,586
At 31 December 2020 3,610

5. GOING CONCERN -COVID19

The director has considered the impact of the coronavirus pandemic on the company's financial position.
Although the ability to travel eased in 2021, there were additional costs and lingering delays in customer orders and travel due to Government restrictions and customer management for covid control. These had some negative effect on productivity and profitability.Although staff were under-employed, we chose not to claim under the Job Retention Scheme.