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REGISTERED NUMBER: 06812995 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

RIGHT CHOICE CONVEYANCING LTD

RIGHT CHOICE CONVEYANCING LTD (REGISTERED NUMBER: 06812995)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIGHT CHOICE CONVEYANCING LTD

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: M S Crighton
J P Smith
A M Kettley
G R McLean





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 06812995 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

RIGHT CHOICE CONVEYANCING LTD (REGISTERED NUMBER: 06812995)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,627 27,511

CURRENT ASSETS
Debtors 5 253,191 72,614
Cash at bank 312,701 718,583
565,892 791,197
CREDITORS
Amounts falling due within one year 6 208,286 243,129
NET CURRENT ASSETS 357,606 548,068
TOTAL ASSETS LESS CURRENT LIABILITIES 377,233 575,579

CREDITORS
Amounts falling due after more than one
year

7

(54,167

)

(104,167

)

PROVISIONS FOR LIABILITIES (4,406 ) (6,878 )
NET ASSETS 318,660 464,534

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 318,460 464,334
SHAREHOLDERS' FUNDS 318,660 464,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 CHOICE CONVEYANCING LTD (REGISTERED NUMBER: 06812995)

Balance Sheet - continued
31 MARCH 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





J P Smith - Director


RIGHT CHOICE CONVEYANCING LTD (REGISTERED NUMBER: 06812995)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Right Choice Conveyancing Ltd 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.
Office equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

The average number of employees during the year was 36 (2023 - 43 ) .

RIGHT CHOICE CONVEYANCING LTD (REGISTERED NUMBER: 06812995)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023
and 31 March 2024 262,483
DEPRECIATION
At 1 April 2023 234,972
Charge for year 7,884
At 31 March 2024 242,856
NET BOOK VALUE
At 31 March 2024 19,627
At 31 March 2023 27,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,900 31,373
Other debtors 228,291 41,241
253,191 72,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 66,874 42,130
Taxation and social security 73,648 134,280
Other creditors 17,764 16,719
208,286 243,129

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 54,167 104,167

RIGHT CHOICE CONVEYANCING LTD (REGISTERED NUMBER: 06812995)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,246 4,453
Between one and five years 20,246 -
In more than five years 33,616 -
74,108 4,453

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 104,167 154,167

National Westminster Bank plc holds a fixed and floating charge over the assets of Right Choice Conveyancing Ltd in respect of the loan facilities.

10. CALLED UP SHARE CAPITAL

Nominal
Number Class Value 2023 2022

102 Ordinary £1 102 102
98 Ordinary "A" £1 98 98
200 200