Rite Advice Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Rite Advice Limited

Company Information

Directors

Mrs C E Wells Mr G A Wells

Company secretary

Mrs C E Wells

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards and Keeping Limited Chartered AccountantsUnity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rite Advice Limitedfor the Year Ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rite Advice Limited for the year ended 31 January 2026 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm 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/regulation.

This report is made solely to the Board of Directors of Rite Advice Limited, as a body, in accordance with the terms of our engagement letter dated 19 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of Rite Advice Limited and state those matters that we have agreed to state to the Board of Directors of Rite Advice 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 Rite Advice Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rite 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 loss of Rite Advice Limited. You consider that Rite 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 Rite 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 accounts.

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

24 August 2026

Rite Advice Limited

(Registration number: 04651164)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,872	2,777
Current assets
Debtors	5	3,739	(2,065)
Cash at bank and in hand		88	4,806
		3,827	2,741
Creditors: Amounts falling due within one year	6	(10,379)	(6,693)
Net current liabilities		(6,552)	(3,952)
Total assets less current liabilities		(4,680)	(1,175)
Creditors: Amounts falling due after more than one year	6	-	(961)
Provisions for liabilities		(284)	(528)
Net liabilities		(4,964)	(2,664)
Capital and reserves
Called up share capital		100	100
Retained earnings		(5,064)	(2,764)
Shareholders' deficit		(4,964)	(2,664)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 August 2026 and signed on its behalf by:
 

Mr G A Wells
Director

Rite Advice Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Rite Advice Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Furniture	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Rite Advice Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Fixtures and fittings  £	Total £
Cost or valuation
At 1 February 2025	30,083	30,083
Additions	494	494
At 31 January 2026	30,577	30,577
Depreciation
At 1 February 2025	27,306	27,306
Charge for the year	1,399	1,399
At 31 January 2026	28,705	28,705
Carrying amount
At 31 January 2026	1,872	1,872
At 31 January 2025	2,777	2,777

5

Debtors

Current	2026 £	2025 £
Trade debtors	3,083	(2,289)
Prepayments	272	224
Other debtors	384	-
	3,739	(2,065)

Rite Advice Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	5,579	2,883
Taxation and social security		1,910	2,569
Accruals and deferred income		690	792
Other creditors		2,200	449
		10,379	6,693

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	-	961

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	-	961

Current loans and borrowings

	2026 £	2025 £
Bank overdrafts	4,618	-
Other borrowings	961	2,883
	5,579	2,883

8

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £Nil per each share		-		-

9	Related party transactions

Transactions with directors

2026	At 1 February 2025 £	Advances to director £	Repayments by director £	At 31 January 2026 £
Mr G A Wells
Movement in the year	304	(477)	2,282	2,109

Rite Advice Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Mr G A Wells
Movement in the year	1,068	(3,257)	2,493	304