Registered number
04719723
Right Accountancy & Secretarial Solutions Limited
Filleted Accounts
31 March 2025
Right Accountancy & Secretarial Solutions Limited
Registered number: 04719723
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 851 2,533
Current assets
Debtors 4 4,622 5,605
Cash at bank and in hand 31,869 30,810
36,491 36,415
Creditors: amounts falling due within one year 5 (27,716) (29,616)
Net current assets 8,775 6,799
Net assets 9,626 9,332
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,526 9,232
Shareholders' funds 9,626 9,332
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.
Bharti Bhanshaly
Director
Approved by the board on 23 May 2025
Right Accountancy & Secretarial Solutions Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services. Turnover from the rendering of services is recognised when the servie is completed.
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, other than freehold land, 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 over 3 years
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 20,491
At 31 March 2025 20,491
Depreciation
At 1 April 2024 17,958
Charge for the year 1,682
At 31 March 2025 19,640
Net book value
At 31 March 2025 851
At 31 March 2024 2,533
4 Debtors 2025 2024
£ £
Trade debtors 4,118 3,296
Other debtors 504 2,309
4,622 5,605
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 17,474 18,385
Other creditors 10,242 11,231
27,716 29,616
6 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 9,841 17,221
7 Controlling party
There is no single controlling party in the company.
8 Other information
Right Accountancy & Secretarial Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
178 Portland Crescent
Stanmore
Middlesex
HA7 1LU
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