Registered number
04719723
Right Accountancy & Secretarial Solutions Limited
Filleted Accounts
31 March 2024
Right Accountancy & Secretarial Solutions Limited
Registered number: 04719723
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,533 2,047
Current assets
Debtors 4 5,605 3,208
Cash at bank and in hand 30,810 25,953
36,415 29,161
Creditors: amounts falling due within one year 5 (29,616) (27,810)
Net current assets 6,799 1,351
Net assets 9,332 3,398
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,232 3,298
Shareholders' funds 9,332 3,398
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bharti Bhanshaly
Director
Approved by the board on 15 August 2024
Right Accountancy & Secretarial Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when the servie is completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 17,934
Additions 2,557
At 31 March 2024 20,491
Depreciation
At 1 April 2023 15,887
Charge for the year 2,071
At 31 March 2024 17,958
Net book value
At 31 March 2024 2,533
At 31 March 2023 2,047
4 Debtors 2024 2023
£ £
Trade debtors 3,296 2,210
Other debtors 2,309 998
5,605 3,208
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 18,385 13,031
Other creditors 11,231 14,779
29,616 27,810
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 17,221 24,602
7 Controlling party
There is no single controlling party in the company.
8 Other information
Right Accountancy & Secretarial Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
178 Portland Crescent
Stanmore
Middlesex
HA7 1LU
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