RIGHT HAND TRADING GROUP LTD

Company Registration Number:
13231632 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

RIGHT HAND TRADING GROUP LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

RIGHT HAND TRADING GROUP LTD

Company Information

for the Period Ended 28 February 2023




Director: Benjiman Lyne
Registered office: Unit 18
New Enterprise Centre
Monmore Road
Wolverhampton
England
WV1 2TZ
Company Registration Number: 13231632 (England and Wales)

RIGHT HAND TRADING GROUP LTD

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal Activities

The principal activity is selling goods via online channels

Directors

The directors shown below have held office during the whole of the period from 01 March 2022 to 28 February 2023
Benjiman Lyne

This report was approved by the board of directors on 15 November 2023
And Signed On Behalf Of The Board By:

Name: Benjiman Lyne
Status: Director

RIGHT HAND TRADING GROUP LTD

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 20,515 0
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 704 ) ( 1,640 )
Administrative Expenses ( 11,722 ) ( 4,341 )
Operating Profit or (Loss) 8,089 ( 5,981 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 8,089 ( 5,981 )
Tax on Profit ( 1,536 ) ( 0 )
Profit or (Loss) for Period 6,553 ( 5,981 )

The notes form part of these financial statements

RIGHT HAND TRADING GROUP LTD

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 700 1,000
Total fixed assets: 700 1,000
Current assets
Stocks: 2,000 1,465
Debtors: 15 0
Cash at bank and in hand: 2,500 0
Total current assets: 4,515 1,465
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 0 ) ( 0 )
Net current assets (liabilities): 4,515 1,465
Total assets less current liabilities: 5,215 2,465
Creditors: amounts falling due after more than one year: ( 2,000 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): 3,215 2,465

The notes form part of these financial statements

RIGHT HAND TRADING GROUP LTD

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 6 0 0
Profit and loss account: 3,214 2,464
Shareholders funds: 3,215 2,465

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 November 2023
And Signed On Behalf Of The Board By:

Name: Benjiman Lyne
Status: Director

The notes form part of these financial statements

RIGHT HAND TRADING GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RIGHT HAND TRADING GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

RIGHT HAND TRADING GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

RIGHT HAND TRADING GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 March 2022 0
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 28 February 2023 0
    Amortisation
    Amortisation at 01 March 2022 0
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 28 February 2023 0
    Net book value
    Net book value at 28 February 2023 0
    Net book value at 28 February 2022 0

RIGHT HAND TRADING GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Tangible Assets

Total
Cost £
At 01 March 2022 1,000
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2023 1,000
Depreciation
At 01 March 2022 0
Charge for year 300
On disposals -
Other adjustments -
At 28 February 2023 300
Net book value
At 28 February 2023 700
At 28 February 2022 1,000

RIGHT HAND TRADING GROUP LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Revaluation reserve


2023
£
Balance at 01 March 2022 0
Surplus or deficit after revaluation 0
Balance at 28 February 2023 0