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REGISTERED NUMBER: 06941273















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Rightex Limited

Rightex Limited (Registered number: 06941273)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rightex Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A Dave





REGISTERED OFFICE: 18 Fitzhardinge Street
London
W1H 6EQ





REGISTERED NUMBER: 06941273





ACCOUNTANTS: Dave & Co
Chartered Accountants
Manchester Square
18 Fitzhardinge Street
London
W1H 6EQ

Rightex Limited (Registered number: 06941273)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 26
Investments 5 12,000 12,000
12,000 12,026

CURRENT ASSETS
Debtors 6 14,976 18,591
Cash at bank 679,064 685,686
694,040 704,277
CREDITORS
Amounts falling due within one year 7 12,006 26,989
NET CURRENT ASSETS 682,034 677,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,034

689,314

CREDITORS
Amounts falling due after more than
one year

8

634,401

631,479
NET ASSETS 59,633 57,835

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 59,533 57,735
SHAREHOLDERS' FUNDS 59,633 57,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Rightex Limited (Registered number: 06941273)

Balance Sheet - continued
30 June 2023


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

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 20 March 2024 and were signed by:





A Dave - Director


Rightex Limited (Registered number: 06941273)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Rightex Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 25% on cost

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 1 (2022 - 1 ) .

Rightex Limited (Registered number: 06941273)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 2,736
DEPRECIATION
At 1 July 2022 2,710
Charge for year 26
At 30 June 2023 2,736
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 26

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 12,000
NET BOOK VALUE
At 30 June 2023 12,000
At 30 June 2022 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 120 3,735
Other debtors 14,856 14,856
14,976 18,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 2,461 13,512
Other creditors 9,545 13,477
12,006 26,989

Rightex Limited (Registered number: 06941273)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 634,401 631,479

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2022 57,735
Profit for the year 1,798
At 30 June 2023 59,533

11. RELATED PARTY DISCLOSURES

Fees at arms length were payable to Regent Consultancy Limited of £4,800 (2022 £4,800) a company in which Mr Dave is a director and shareholder.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Dave.