Company registration number: 05116664
Unaudited financial statements
for the year ended 30 September 2025
for
Right Advice Limited
Pages for filing with the Registrar
Right Advice Limited
Chartered Certified Accountants' Report to the Board of Directors for the preparation of
the unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Right Advice Limited for the year ended 30 September 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Association of Chartered Certified Accountants (ACCA), we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.
This report is made solely to the Board of Directors of Right Advice Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Right Advice Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan- 24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Right Advice Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Right Advice Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Right Advice Limited. You consider that Right Advice Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Right Advice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
DKS Chartered Certified Accountants
2 Kingsdale Grove
Chellaston
Derby
DE73 5NX
United Kingdom
Date: 15 October 2025
1
Company registration number: 05116664
Right Advice Limited
Balance sheet
as at 30 September 2025
2025 2024
Note £ £ £ £
Tangible assets 4 - -
Current assets
Debtors 2,440 14,051
Cash at bank and in hand 55,025 41,163
57,465 55,214
Creditors: amounts falling due within one
year 		(17,645) (14,644)
Net current assets 39,820 40,570
NET ASSETS 39,820 40,570
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,818 40,568
TOTAL EQUITY 39,820 40,570
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 05116664
Right Advice Limited
Balance sheet - continued
as at 30 September 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 October 2025 and signed on its behalf by:
Mr P Baines, Director Mr C Maund, Director
15 October 2025 15 October 2025
3
Right Advice Limited
Notes to the financial statements
for the year ended 30 September 2025
1 Company information
Right Advice Limited is a private company registered in England and Wales. Its registered number is 05116664. The company is limited by shares. Its registered office is Second Floor, Derwent View, Stores Road, Derby, DE21 4BD.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & Fittings - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
4
Right Advice Limited
Notes to the financial statements - continued
for the year ended 30 September 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2024 7,808
At 30 September 2025 7,808
Depreciation
At 1 October 2024 7,808
At 30 September 2025 7,808
Net book value
At 30 September 2025 -
At 30 September 2024 -
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024.
2025 2024
£ £
Mr C Maund
Balance outstanding at start of year 6,000 -
Amounts repaid (6,000) -
Balance outstanding at end of year - -
5
Right Advice Limited
Notes to the financial statements - continued
for the year ended 30 September 2025
5 Advances, credit and guarantees granted to directors - continued
2025 2024
£ £
Mr P Baines
Balance outstanding at start of year 6,000 -
Amounts repaid (6,000) -
Balance outstanding at end of year - -
6 Capital Adequacy
Right Advice Limited are required under their FCA licence to maintain £20,000 as a reserve fund against potential future claims.
6