Right Sight Ltd Filleted Accounts Cover
Right Sight Ltd
Company No. 13207001
Information for Filing with The Registrar
29 February 2024
Right Sight Ltd Directors Report Registrar
The Director presents her report and the accounts for the year ended 29 February 2024.
Principal activities
The Company is dormant and has not traded during the year.
Director
The Director who served at any time during the year was as follows:
S. Bhatnagar
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S. Bhatnagar
Director
06 March 2024
Right Sight Ltd Balance Sheet Registrar
at
29 February 2024
Company No.
13207001
Notes
2024
2023
£
£
Current assets
Cash at bank and in hand
8,5868,586
8,5868,586
Creditors: Amount falling due within one year
4
(1,643)
(1,643)
Net current assets
6,9436,943
Total assets less current liabilities
6,9436,943
Net assets
6,9436,943
Capital and reserves
Called up share capital
100100
Profit and loss account
6
6,8436,843
Total equity
6,9436,943
For the year ending 29 February 2024 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 06 March 2024 and signed on its behalf by:
S. Bhatnagar
Director
06 March 2024
Right Sight Ltd Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
Right Sight Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13207001
Its registered office is:
70 Wright Street
Hull
HU2 8JD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
1,0431,043
Accruals and deferred income
600600
1,6431,643
5
Share Capital
100 Ordinary Shares
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
7
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
-
2,000
-
2,000
Dividends by type:
Equity dividends
-2,000
-
2,000
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