Registered number
04226269
Rite Time Publishing Limited
Filleted Accounts
31 May 2024
Rite Time Publishing Limited
Registered number: 04226269
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,897 5,481
Current assets
Stocks 1,742 2,164
Debtors 5 194 1,571
Cash at bank and in hand 10,099 7,638
12,035 11,373
Creditors: amounts falling due within one year 6 (8,309) (5,078)
Net current assets 3,726 6,295
Total assets less current liabilities 8,623 11,776
Provisions for liabilities (930) (1,041)
Net assets 7,693 10,735
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,593 10,635
Shareholders' funds 7,693 10,735
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R C Drake
Director
Approved by the board on 27 February 2025
Rite Time Publishing Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans from directors, who are also shareholders, are measured at the transaction price and the exemption from measuring the loans using the amortised cost and effective method has been applied to the loans.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 7,500
At 31 May 2024 7,500
Amortisation
At 1 June 2023 7,500
At 31 May 2024 7,500
Net book value
At 31 May 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 14,595
Additions 245
At 31 May 2024 14,840
Depreciation
At 1 June 2023 9,114
Charge for the year 829
At 31 May 2024 9,943
Net book value
At 31 May 2024 4,897
At 31 May 2023 5,481
5 Debtors 2024 2023
£ £
Trade debtors 51 939
Other debtors 143 632
194 1,571
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 765 1,072
Taxation and social security costs 341 374
Other creditors 7,203 3,632
8,309 5,078
7 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
8 Other information
Rite Time Publishing Limited is a private company limited by shares and incorporated in England. Its registered office is:
42a Windsor Road
Lindford
Bordon
Hampshire
GU35 0RZ
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