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REGISTERED NUMBER: 05043765 (England and Wales)















RIGHT DIRECTIONS (MANAGEMENT)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






RIGHT DIRECTIONS (MANAGEMENT)
LIMITED (REGISTERED NUMBER: 05043765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIGHT DIRECTIONS (MANAGEMENT)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mrs C Constantine





REGISTERED OFFICE: The Stables, Unit 2
Whitehouse Farm Business Park
Gaddesden Row
Hemel Hempstead
Hertfordshire
HP2 6HG





REGISTERED NUMBER: 05043765 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

RIGHT DIRECTIONS (MANAGEMENT)
LIMITED (REGISTERED NUMBER: 05043765)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,575 12,612

CURRENT ASSETS
Stocks 3,368 3,769
Debtors 5 439,312 356,954
Cash at bank 570,562 308,709
1,013,242 669,432
CREDITORS
Amounts falling due within one year 6 1,006,042 643,881
NET CURRENT ASSETS 7,200 25,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,775

38,163

PROVISIONS FOR LIABILITIES 6,379 2,396
NET ASSETS 34,396 35,767

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 34,394 35,765
SHAREHOLDERS' FUNDS 34,396 35,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RIGHT DIRECTIONS (MANAGEMENT)
LIMITED (REGISTERED NUMBER: 05043765)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





Mrs C Constantine - Director


RIGHT DIRECTIONS (MANAGEMENT)
LIMITED (REGISTERED NUMBER: 05043765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Right Directions (Management) Limited is a private company, limited by shares , registered in England and Wales. 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 - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RIGHT DIRECTIONS (MANAGEMENT)
LIMITED (REGISTERED NUMBER: 05043765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 94,412
Additions 25,064
Disposals (7,521 )
At 29 February 2024 111,955
DEPRECIATION
At 1 March 2023 81,800
Charge for year 4,101
Eliminated on disposal (7,521 )
At 29 February 2024 78,380
NET BOOK VALUE
At 29 February 2024 33,575
At 28 February 2023 12,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 399,308 281,615
Provision for doubtful debt - 5,220
Other debtors - 31,417
Directors' current accounts 15,570 27,791
Prepayments and accrued income 24,434 10,911
439,312 356,954

RIGHT DIRECTIONS (MANAGEMENT)
LIMITED (REGISTERED NUMBER: 05043765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 291,027 323,975
Trade creditors 87,169 88,364
Corporation tax 2,539 -
VAT 156,123 95,134
Accruals and deferred income 469,184 136,408
1,006,042 643,881

Included in Trade Creditors is a balance owed to R_Ditch Limited of £32,768 (2022 £NIL),

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary 1 2 2

8. RELATED PARTY DISCLOSURES

The company is under the control of Mrs Constantine who is the managing director.

She also has significant control over R_Ditch Limited.

At the year end, Right Directions (Management) Limited owed R_Ditch Limited £32,768 (2022 £Nil).

All are commercial transactions and approved by the board.