Company Registration No. 12009879 (England and Wales)
PRICE RIGHT GROUP LTD
Unaudited accounts
for the year ended 31 May 2023
PRICE RIGHT GROUP LTD
Unaudited accounts
Contents
PRICE RIGHT GROUP LTD
Company Information
for the year ended 31 May 2023
Director
Elizabeth Ann Saunders
Company Number
12009879 (England and Wales)
Registered Office
B14 LANGLAND PARK WEST
LANGLAND WAY
NEWPORT
SOUTH WALES
NP19 4PT
WALES
Accountants
Wizz Accounting Ltd
128 City Road
London
EC1V 2NX
PRICE RIGHT GROUP LTD
Statement of financial position
as at 31 May 2023
Tangible assets
3,124
5,262
Cash at bank and in hand
3,843
1,735
Creditors: amounts falling due within one year
(65,657)
(39,353)
Net current assets
45,298
41,592
Total assets less current liabilities
48,422
46,854
Creditors: amounts falling due after more than one year
(32,370)
(33,141)
Called up share capital
1
1
Profit and loss account
16,051
13,712
Shareholders' funds
16,052
13,713
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2024 and were signed on its behalf by
Elizabeth Ann Saunders
Director
Company Registration No. 12009879
PRICE RIGHT GROUP LTD
Notes to the Accounts
for the year ended 31 May 2023
PRICE RIGHT GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12009879. The registered office is B14 LANGLAND PARK WEST, LANGLAND WAY, NEWPORT, SOUTH WALES, NP19 4PT, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
6,000
2,550
8,550
At 31 May 2023
6,000
2,550
8,550
At 1 June 2022
1,500
1,788
3,288
Charge for the year
1,500
638
2,138
At 31 May 2023
3,000
2,426
5,426
At 31 May 2023
3,000
124
3,124
At 31 May 2022
4,500
762
5,262
Amounts falling due within one year
Trade debtors
47,997
21,728
PRICE RIGHT GROUP LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,199
Trade creditors
5,502
9,156
Taxes and social security
202
1,612
Loans from directors
56,635
16,496
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).