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Company registration number: 05406221
RIGHTON GROUP LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

RIGHTON GROUP LIMITED
BALANCE SHEET
AS AT 31 March 2024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets311
Tangible assets423,30626,164
23,30726,165
CURRENT ASSETS
Stocks7,7077,341
Debtors337,029222,795
Cash at bank and in hand80,782116,651
425,518346,787
CREDITORS
Amounts falling due within one year (442,473) (395,743)
NET CURRENT ASSETS (16,955) (48,956)
TOTAL ASSETS LESS
CURRENT LIABILITIES 6,352 (22,791)
Creditors falling due after one year(31,827)(33,854)
NET ASSETS (25,475) (56,645)
CAPITAL AND RESERVES
Called-up equity share capital 10 10
Profit and loss account (25,485) (56,655)
SHAREHOLDERS FUNDS (25,475) (56,645)
For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 29 January 2025 and signed on its behalf.
..........................................................................
Ms E F Righton
29 January 2025
The annexed notes form part of these financial statements.

RIGHTON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting policies
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible Assets
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery- 25% reducing balance basi
Fixtures and fittings- 25% reducing balance basi
Motor vehicles- 25% reducing balance basi
Stocks and Work In Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Pension Scheme
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 2.
3.Intangible fixed assets
Total
Cost
At start of period25,000
At end of period 25,000
Amortisation
At start of period24,999
At end of period24,999
Net Book Values
At start of period1
At end of period1
4.Tangible fixed assets
Total
Cost
At start of period101,060
Additions2,403
At end of period103,463
Depreciation
At start of period74,896
Provided during the period5,261
At end of period80,157
Net Book Value
At start of period26,164
At end of period23,306
5.Pension costs
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund.