Rightway Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—9

Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Rightway Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Rightway Limited for the year ended 31 March 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rightway 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 accounts of Rightway Limited and state those matters that we have agreed to state to the director of Rightway Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rightway Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Rightway 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 or loss of Rightway Limited . You consider that Rightway Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Rightway 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 financial statements.

27th August 2026

Dufton Kellner Ltd

Chartered Accountants

Barnston House

Beacon Lane

Wirral

CH60 0EE

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Rightway Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: 04519604

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		820,739		556,249
Investments	6		990,037		990,037

			1,810,776		1,546,286
CURRENT ASSETS
Stocks	7	1,275,141		1,197,924
Debtors	8	100,190		263,209
Cash at bank and in hand		378,334		75,756

		1,753,665		1,536,889
Creditors: Amounts Falling Due Within One Year	9	(1,102,628 )		(551,378 )

NET CURRENT ASSETS (LIABILITIES)			651,037		985,511

TOTAL ASSETS LESS CURRENT LIABILITIES			2,461,813		2,531,797

Creditors: Amounts Falling Due After More Than One Year	10		(41,893 )		(16,417 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(88,497 )		(61,156 )

NET ASSETS			2,331,423		2,454,224

CAPITAL AND RESERVES
Called up share capital	13		100		100
Revaluation reserve	15		143,800		103,800
Profit and Loss Account			2,187,523		2,350,324

SHAREHOLDERS' FUNDS			2,331,423		2,454,224

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Rightway Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Clarke

Director

27th August 2026

The notes on pages 4 to 9 form part of these financial statements.

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Rightway Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Rightway Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04519604 . The registered office is 14-16 Bridge Street, Neston, Cheshire, CH64 9UJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 7 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Improvements to property	over the term of the lease
Plant & Machinery	25% reducing balance
Motor Vehicles	25% straight line
Fixtures & Fittings	10% reducing balance
Computer Equipment	33% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Rightway Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees during the year was: 54 (2025: 54)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	196,341
Disposals	(196,341 )

As at 31 March 2026	-

Amortisation
As at 1 April 2025	196,341
Disposals	(196,341 )

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

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Rightway Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Land & Property
	Freehold	Improvements to property	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost or Valuation
As at 1 April 2025	410,000	12,334	54,155	77,531
Additions	168,522	-	-	144,311
Disposals	-	(12,334 )	(54,155 )	(58,534 )
Revaluation	40,000	-	-	-

As at 31 March 2026	618,522	-	-	163,308

Depreciation
As at 1 April 2025	-	5,341	52,302	54,802
Provided during the period	-	-	-	16,029
Disposals	-	(5,341 )	(52,302 )	(45,822 )

As at 31 March 2026	-	-	-	25,009

Net Book Value
As at 31 March 2026	618,522	-	-	138,299

As at 1 April 2025	410,000	6,993	1,853	22,729


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 April 2025	239,437	43,876	837,333
Additions	-	-	312,833
Disposals	(151,621 )	(24,636 )	(301,280 )
Revaluation	-	-	40,000

As at 31 March 2026	87,816	19,240	888,886

Depreciation
As at 1 April 2025	136,706	31,933	281,084
Provided during the period	6,437	5,715	28,181
Disposals	(113,264 )	(24,389 )	(241,118 )

As at 31 March 2026	29,879	13,259	68,147

Net Book Value
As at 31 March 2026	57,937	5,981	820,739

As at 1 April 2025	102,731	11,943	556,249

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	84,094	21,188

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Rightway Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Cost or valuation as at 31 March 2026 represented by:

	Land & Property
	Freehold	Improvements to property	Plant & Machinery	Motor Vehicles
	£	£	£	£
At cost	172,838	-	-	163,308
At valuation	445,684	-	-	-

	618,522	-	-	163,308


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
At cost	87,816	19,240	443,202
At valuation	-	-	445,684

	87,816	19,240	888,886

Freehold properties were valued on an open market basis on 31 March 2026 by Mr D Clarke, a director of the company.

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2025	990,037

As at 31 March 2026	990,037

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	990,037

As at 1 April 2025	990,037

The company owns 100% of the ordinary share capital of W Bevan & Sons Limited. The principal activity of the company is retailers of DIY and household products.

7. Stocks

	2026	2025
	£	£
Stock	1,275,141	1,197,924

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Rightway Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	56,506	133,496
Amounts owed by group undertakings	-	100,000
Other debtors	43,684	29,713

	100,190	263,209

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,232	3,110
Trade creditors	700,557	132,847
Other creditors	152,870	191,874
Taxation and social security	244,969	223,547

	1,102,628	551,378

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	41,893	16,417

11. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Net obligations under finance lease and hire purchase contracts	46,125		19,527

12. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,232	3,110
Later than one year and not later than five years	41,893	16,417

	46,125	19,527

	46,125	19,527

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Rightway Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

14. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	224,000	201,218
Later than one year and not later than five years	661,750	537,250
Later than five years	164,583	7,500

	1,050,333	745,968

15. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2025	103,800	2,350,324
Profit for year	-	491,199

Surplus on revaluation	40,000	-

Other comprehensive income for the year	40,000	-

Total comprehensive income for the year	40,000	491,199

Dividends paid	-	(50,000)
Capital contributions to employee ownership trust	-	(604,000)

As at 31 March 2026	143,800	2,187,523

16. Loan write off

During the year an amount of £102,105 due from W Bevan & Sons Limited to the company was written off. The amount released has been debited to the profit and loss account. The director is of the opinion that due to the connection between Rightway Limited and W Bevan & Sons Limited, the write off is not chargeable to Corporation Tax under the loan relationship rules. Therefore no provision has been made for Corporation Tax within these accounts.

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