REGISTERED NUMBER: 07027075 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RIGHTVAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Oughton

REGISTERED OFFICE:

Shirland House

2 Town End

Shirland

Alfreton

Derbyshire

DE55 6BL

REGISTERED NUMBER:

07027075 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,180

12,242

9,180

12,242

CURRENT ASSETS

Stocks

156,430

207,491

Debtors

6

77,756

57,028

Cash at bank

-

37,929

234,186

302,448

CREDITORS

Amounts falling due within one year

7

103,742

125,185

NET CURRENT ASSETS

130,444

177,263

TOTAL ASSETS LESS CURRENT LIABILITIES

139,624

189,505

CREDITORS

Amounts falling due after more than one year

8

(138,241

)

(164,747

)

PROVISIONS FOR LIABILITIES

(1,278

)

(1,820

)

NET ASSETS

105

22,938

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5

22,838

105

22,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:

A M Oughton - Director

1.	STATUTORY INFORMATION

Rightvan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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 transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill

Goodwill arose on the acquisition of a business on 1st April 2011. The Goodwill has been written off in full.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

65,000

AMORTISATION

At 1 April 2024

and 31 March 2025

65,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

29,035

11,793

40,828

DEPRECIATION

At 1 April 2024

17,984

10,602

28,586

Charge for year

2,763

299

3,062

At 31 March 2025

20,747

10,901

31,648

NET BOOK VALUE

At 31 March 2025

8,288

892

9,180

At 31 March 2024

11,051

1,191

12,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,900

474

Other debtors

46,493

56,554

Directors' current accounts

20,322

-

Tax

6,041

-

77,756

57,028

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,715

22,433

Trade creditors

45,488

51,856

Corporation tax

-

22,839

VAT

21,914

23,961

Directors' current accounts

-

346

Accrued expenses

2,625

3,750

103,742

125,185

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

31,318

26,506

Bank loans - 2-5 years

106,923

138,241

138,241

164,747

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has a current account with the company.

At the beginning of the year the current account was in credit by £346.

Amounts advanced to the director amounted to £59,067.

Amounts credited to the current account amounted to £38,399 leaving a balance due from the director of £20,322.

Interest was paid by the director where the balance exceeded £10,000 at the official rate of 2.25%.