2023-04-01 2024-03-31 false Capium Accounts Production 1.1 09866829 bus:FullAccounts 2023-04-01 2024-03-31 09866829 bus:FRS102 2023-04-01 2024-03-31 09866829 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09866829 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09866829 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09866829 2023-04-01 2024-03-31 09866829 2024-03-31 09866829 bus:RegisteredOffice 2023-04-01 2024-03-31 09866829 core:WithinOneYear 2024-03-31 09866829 core:AfterOneYear 2024-03-31 09866829 bus:Director1 2023-04-01 2024-03-31 09866829 bus:Director1 2024-03-31 09866829 bus:Director1 2022-04-01 2023-03-31 09866829 bus:Director2 2023-04-01 2024-03-31 09866829 bus:Director2 2024-03-31 09866829 bus:Director2 2022-04-01 2023-03-31 09866829 2022-04-01 09866829 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 09866829 2022-04-01 2023-03-31 09866829 2023-03-31 09866829 core:WithinOneYear 2023-03-31 09866829 core:AfterOneYear 2023-03-31 09866829 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 09866829 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09866829 bus:OrdinaryShareClass1 2024-03-31 09866829 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09866829 bus:OrdinaryShareClass1 2023-03-31 09866829 core:ComputerEquipment 2023-04-01 2024-03-31 09866829 core:ComputerEquipment 2024-03-31 09866829 core:ComputerEquipment 2023-03-31 09866829 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 09866829 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 09866829 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 09866829 core:OtherResidualIntangibleAssets 2024-03-31 09866829 core:OtherResidualIntangibleAssets 2023-03-31 09866829 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 09866829 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 09866829 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 09866829 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 09866829 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 09866829 core:Non-currentFinancialInstruments 2024-03-31 09866829 core:Non-currentFinancialInstruments 2023-03-31 09866829 core:ShareCapital 2024-03-31 09866829 core:ShareCapital 2023-03-31 09866829 core:RetainedEarningsAccumulatedLosses 2024-03-31 09866829 core:RetainedEarningsAccumulatedLosses 2023-03-31 09866829 dpl:Item1 2023-04-01 09866829 dpl:Item1 2024-03-31 09866829 dpl:Item1 2022-04-01 09866829 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09866829
England and Wales

 

 

 

THE RIGHT EXCHANGE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors A C Wray
C S Wray
Registered Number 09866829
Registered Office Oddington Grange
Weston On The Green
Oxfordshire
OX25 3QW
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 6,631   
Tangible fixed assets 4 268    357 
6,899    357 
Current assets      
Debtors 5 289   
Cash at bank and in hand 2,432    880 
2,721    880 
Creditors: amount falling due within one year 6 (15,144)   (1,861)
Net current assets (12,423)   (981)
 
Total assets less current liabilities (5,524)   (624)
Net assets (5,524)   (624)
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account (5,624)   (724)
Shareholders' funds (5,524)   (624)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 September 2024 and were signed on its behalf by:


-------------------------------
A C Wray
Director
2
General Information
The Right Exchange Ltd is a private company, limited by shares, registered in England and Wales, registration number 09866829, registration address Oddington Grange, Weston On The Green, Oxfordshire, OX25 3QW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a 33% straight line basis. This has been fully depreciated in the accounts
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Software development (fully depreciated) 33% straight line   Total
  £   £
At 01 April 2023 11,060    11,060 
Additions 9,947    9,947 
Disposals  
At 31 March 2024 21,007    21,007 
Amortisation
At 01 April 2023 11,060    11,060 
Charge for year 3,316    3,316 
On disposals  
At 31 March 2024 14,376    14,376 
Net book values
At 31 March 2024 6,631    6,631 
At 31 March 2023  


4.

Tangible fixed assets

Cost or valuation Equipment   Total
  £   £
At 01 April 2023 2,678    2,678 
Additions  
Disposals  
At 31 March 2024 2,678    2,678 
Depreciation
At 01 April 2023 2,321    2,321 
Charge for year 89    89 
On disposals  
At 31 March 2024 2,410    2,410 
Net book values
Closing balance as at 31 March 2024 268    268 
Opening balance as at 01 April 2023 357    357 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
VAT 289   
289   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   840 
Amounts Owed to Participating Interests 14,074   
Accrued Expenses 1,070    1,020 
Other Creditors   1 
15,144    1,861 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

8.

Summary of transactions with parent

The company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company
9.

Parent company

The company's immediate and ultimate parent is Allerton and Company Of London Holdings Limited, incorporated in England and Wales, owning 100% of the share capital and voting rights
3