Company Registration No. 09575662 (England and Wales)
Rightway Electrical Limited
Unaudited accounts
for the year ended 31 May 2026
Rightway Electrical Limited
Unaudited accounts
Contents
Rightway Electrical Limited
Company Information
for the year ended 31 May 2026
Directors
Mr Jamie Browning
Mr Connor Lane
Company Number
09575662 (England and Wales)
Registered Office
63-66 Hatton Gardens
London
EC1N 8LE
Accountants
Beckett Taylor Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Rightway Electrical Limited
for the year ended 31 May 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Rightway Electrical Limited for the year ended
31 May 2026 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Beckett Taylor Limited
Chartered Certified Accountants
167-169 Great Portland Street
5th Floor
London
W1W 5PF
23 September 2026
Rightway Electrical Limited
Statement of financial position
as at 31 May 2026
Tangible assets
92,900
50,117
Cash at bank and in hand
590,344
459,959
Creditors: amounts falling due within one year
(558,198)
(305,668)
Net current assets
496,576
300,505
Total assets less current liabilities
589,476
350,622
Creditors: amounts falling due after more than one year
(28,050)
(30,609)
Provisions for liabilities
Deferred tax
(8,269)
(11,025)
Net assets
553,157
308,988
Called up share capital
2
2
Profit and loss account
553,155
308,986
Shareholders' funds
553,157
308,988
For the year ending 31 May 2026 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by
Mr Jamie Browning
Director
Company Registration No. 09575662
Rightway Electrical Limited
Notes to the Accounts
for the year ended 31 May 2026
Rightway Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 09575662. The registered office is 63-66 Hatton Gardens, London, EC1N 8LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Rightway Electrical Limited
Notes to the Accounts
for the year ended 31 May 2026
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2025
94,125
52,933
5,916
152,974
Additions
58,999
-
-
58,999
At 31 May 2026
153,124
52,933
5,916
211,973
At 1 June 2025
71,044
27,892
3,921
102,857
Charge for the year
9,457
6,260
499
16,216
At 31 May 2026
80,501
34,152
4,420
119,073
At 31 May 2026
72,623
18,781
1,496
92,900
At 31 May 2025
23,081
25,041
1,995
50,117
Amounts falling due within one year
Trade debtors
280,860
121,568
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
2,559
2,559
Trade creditors
213,282
131,938
Taxes and social security
105,880
62,372
Loans from directors
35,023
4,279
Rightway Electrical Limited
Notes to the Accounts
for the year ended 31 May 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
28,050
30,609
8
Average number of employees
During the year the average number of employees was 10 (2025: 10).