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Company Registration No. 13551953 (England and Wales)
RIGHT CHOICE RETAIL LTD Unaudited accounts for the year ended 31 August 2024
RIGHT CHOICE RETAIL LTD Unaudited accounts Contents
Page
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RIGHT CHOICE RETAIL LTD Company Information for the year ended 31 August 2024
Director
Muralidharan Ravibalan
Company Number
13551953 (England and Wales)
Registered Office
10 NORTON CLOSE PAPWORTH EVERARD CAMBRIDGE CB23 3XT ENGLAND
Accountants
SAAP & Associates Limited Thames House 3 Wellington Street Woolwich London SE18 6NY
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RIGHT CHOICE RETAIL LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,000 
8,000 
Tangible assets
76,496 
93,287 
83,496 
101,287 
Current assets
Inventories
6,105 
6,635 
Debtors
2,237 
3,467 
Cash at bank and in hand
5,425 
646 
13,767 
10,748 
Creditors: amounts falling due within one year
(1,470)
(8,744)
Net current assets
12,297 
2,004 
Total assets less current liabilities
95,793 
103,291 
Creditors: amounts falling due after more than one year
(156,208)
(166,000)
Net liabilities
(60,415)
(62,709)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(60,419)
(62,713)
Shareholders' funds
(60,415)
(62,709)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 20 May 2025 and were signed on its behalf by
Muralidharan Ravibalan Director Company Registration No. 13551953
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RIGHT CHOICE RETAIL LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
RIGHT CHOICE RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 13551953. The registered office is 10 NORTON CLOSE, PAPWORTH EVERARD, CAMBRIDGE, CB23 3XT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
10,000 
At 31 August 2024
10,000 
Amortisation
At 1 September 2023
2,000 
Charge for the year
1,000 
At 31 August 2024
3,000 
Net book value
At 31 August 2024
7,000 
At 31 August 2023
8,000 
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RIGHT CHOICE RETAIL LTD Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
138,738 
At 31 August 2024
138,738 
Depreciation
At 1 September 2023
45,451 
Charge for the year
16,791 
At 31 August 2024
62,242 
Net book value
At 31 August 2024
76,496 
At 31 August 2023
93,287 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,237 
3,467 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
809 
3,682 
Taxes and social security
- 
407 
Other creditors
661 
4,655 
1,470 
8,744 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,208 
35,000 
Other creditors
80,000 
80,000 
Loans from directors
51,000 
51,000 
156,208 
166,000 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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