Company Registration No. 09560189 (England and Wales)
Rightway Environmental Ltd
Unaudited accounts
for the year ended 30 April 2024
Rightway Environmental Ltd
Unaudited accounts
Contents
Rightway Environmental Ltd
Company Information
for the year ended 30 April 2024
Directors
Mr Nicholas Fudge
Mr Andrew King
Company Number
09560189 (England and Wales)
Registered Office
UNIT 1 TRUBODYS YARD LONDON ROAD
WARMLEY
BRISTOL
BS30 5NA
ENGLAND
Rightway Environmental Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
147,857
88,884
Cash at bank and in hand
13,846
93,207
Creditors: amounts falling due within one year
(380,502)
(286,805)
Net current (liabilities)/assets
(70,930)
84,058
Total assets less current liabilities
76,927
172,942
Creditors: amounts falling due after more than one year
(37,006)
(48,000)
Provisions for liabilities
Other provisions
-
(1,851)
Called up share capital
204
204
Profit and loss account
39,717
122,887
Shareholders' funds
39,921
123,091
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by
Mr Nicholas Fudge
Director
Company Registration No. 09560189
Rightway Environmental Ltd
Notes to the Accounts
for the year ended 30 April 2024
Rightway Environmental Ltd is a private company, limited by shares, registered in England and Wales, registration number 09560189. The registered office is UNIT 1 TRUBODYS YARD LONDON ROAD, WARMLEY, BRISTOL, BS30 5NA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
21,915
150,097
598
9,264
181,874
Additions
-
84,176
-
-
84,176
Disposals
-
(12,255)
-
-
(12,255)
At 30 April 2024
21,915
222,018
598
9,264
253,795
At 1 May 2023
12,607
72,482
546
7,355
92,990
Charge for the year
1,750
18,498
27
1,306
21,581
On disposals
-
(8,633)
-
-
(8,633)
At 30 April 2024
14,357
82,347
573
8,661
105,938
At 30 April 2024
7,558
139,671
25
603
147,857
At 30 April 2023
9,308
77,615
52
1,909
88,884
Rightway Environmental Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
210,047
249,266
Other debtors
56,077
4,200
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,356
6,106
Obligations under finance leases and hire purchase contracts
26,899
25,616
Trade creditors
194,272
205,628
Taxes and social security
8,907
40,422
Other creditors
9,166
9,033
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
16,587
21,475
8
Average number of employees
During the year the average number of employees was 28 (2023: 28).