RIGHTBIZ LTD

Company Registration Number:
07315996 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

RIGHTBIZ LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

RIGHTBIZ LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 1,502
Tangible assets: 4 494,169 252,150
Investments: 5 340,033 0
Total fixed assets: 834,202 253,652
Current assets
Debtors:   3,025 265
Cash at bank and in hand: 675,816 934,605
Total current assets: 678,841 934,870
Creditors: amounts falling due within one year: 6 (174,625) (135,417)
Net current assets (liabilities): 504,216 799,453
Total assets less current liabilities: 1,338,418 1,053,105
Total net assets (liabilities): 1,338,418 1,053,105
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,338,318 1,053,005
Shareholders funds: 1,338,418 1,053,105

The notes form part of these financial statements

RIGHTBIZ LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 April 2025
and signed on behalf of the board by:

Name: Mrs I. J. Begum
Status: Director

The notes form part of these financial statements

RIGHTBIZ LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RIGHTBIZ LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

RIGHTBIZ LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 3,003
At 31 July 2024 3,003
Amortisation
At 01 August 2023 1,501
Charge for year 1,502
At 31 July 2024 3,003
Net book value
At 31 July 2024 0
At 31 July 2023 1,502

RIGHTBIZ LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 276,039
Additions 288,817
Disposals (51,991)
At 31 July 2024 512,865
Depreciation
At 01 August 2023 23,889
Charge for year 9,235
On disposals (14,428)
At 31 July 2024 18,696
Net book value
At 31 July 2024 494,169
At 31 July 2023 252,150

RIGHTBIZ LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably , in which case the are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

RIGHTBIZ LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

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.