2024-01-162025-01-312025-01-31false15415586RIGHT SOURCING 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RIGHT SOURCING LTD

Registered Number
15415586
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2025

RIGHT SOURCING LTD
Company Information
for the period from 16 January 2024 to 31 January 2025

Director

Aleem Malik

Registered Address

17 Baron Road
Dagenham
RM8 1UB

Registered Number

15415586 (England and Wales)
RIGHT SOURCING LTD
Balance Sheet as at
31 January 2025

Notes

2025

£

£

Fixed assets
Tangible assets33,750
3,750
Current assets
Cash at bank and on hand218,966
218,966
Creditors amounts falling due within one year4(222,239)
Net current assets (liabilities)(3,273)
Total assets less current liabilities477
Net assets477
Capital and reserves
Called up share capital1
Profit and loss account476
Shareholders' funds477
The financial statements were approved and authorised for issue by the Director on 15 July 2025, and are signed on its behalf by:
Aleem Malik
Director
Registered Company No. 15415586
RIGHT SOURCING LTD
Notes to the Financial Statements
for the period ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles25
Share capital
Ordinary shares are classified as equity.
2.Average number of employees

2025
Average number of employees during the year2
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
Additions-5,0005,000
At 31 January 25-5,0005,000
Depreciation and impairment
Charge for year1,250-1,250
At 31 January 251,250-1,250
Net book value
At 31 January 25(1,250)5,0003,750
At 15 January 24---
4.Creditors: amounts due within one year

2025

£
Trade creditors / trade payables102,246
Bank borrowings and overdrafts398
Taxation and social security8,947
Other creditors109,649
Accrued liabilities and deferred income999
Total222,239
5.Share capital
1 Ordinary share @ £1 = £1 share capital