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Right Flow Services Ltd
Registered Number:10918892
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Right Flow Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10918892
As at 31 August 2024
Right Flow Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
30,574
38,234
2
30,574
38,234
Current assets
Trade and other receivables
42,052
52,272
3
45,098
Cash and cash equivalents
24,669
76,941
87,150
Trade and other payables: amounts falling due within one year
(52,020)
(65,386)
4
35,130
11,555
Net current assets
Total assets less current liabilities
42,129
73,364
Trade and other payables: amounts falling due after more than
one year
(30,793)
(17,159)
5
(7,693)
(9,559)
Provisions for liabilities
17,277
Net assets
33,012
Capital and reserves
Called up share capital
100
100
Retained earnings
17,177
32,912
17,277
33,012
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Callum Percival Director
These financial statements were approved and authorised for issue by the Board on 10 March 2025 and were signed by:
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4
Registered Number :
10918892
For the year ended 31 August 2024
Right Flow Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 August 2024
Right Flow Services Ltd
Notes to the Financial Statements
Statutory Information
Right Flow Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10918892.
Registered address:
Unit 5
Church Farm
Marton
Macclefield
SK11 9HF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
25% Reducing balance
33% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 August 2024
Right Flow Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 September 2023
58,292
836
1,864
32,995
22,597
1,789
1,789
-
-
-
Additions
(836)
-
-
(1,040)
Disposals
(1,876)
At 31 August 2024
32,995
1,864
1,789
58,205
21,557
Provision for depreciation and impairment
At 01 September 2023
20,058
645
1,090
11,878
6,445
Charge for year
8,977
590
196
4,223
3,968
(1,404)
(645)
-
-
(759)
On disposal
At 31 August 2024
27,631
590
1,286
16,101
9,654
At 31 August 2024
Net book value
11,903
16,894
578
1,199
30,574
At 31 August 2023
16,152
21,117
774
191
38,234
3. Trade and other receivables
2023
2024
£
£
Trade debtors
37,471
30,894
Other debtors
14,801
11,158
42,052
52,272
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
7,804
7,804
Trade creditors
27,020
19,398
Taxation and social security
20,766
18,144
Other creditors
9,796
6,674
65,386
52,020
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7
For the year ended 31 August 2024
Right Flow Services Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
5,850
13,649
Other creditors
11,309
17,144
17,159
30,793
6. Related party transactions
Included within other creditors is the balance of £236 (2023 - £529) regarding the directors loan account. This loan is interest
free and has no fixed date of repayment.
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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