04771871 1.8.15 31.7.16 31.7.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure047718712015-07-31047718712016-07-31047718712015-08-012016-07-31047718712014-07-31047718712014-08-012015-07-31047718712015-07-3104771871ns12:England2015-08-012016-07-3104771871ns14:PoundSterling2015-08-012016-07-3104771871ns7:Director12015-08-012016-07-3104771871ns7:OrdinaryShareClass12015-08-012016-07-3104771871ns7:Director22015-08-012016-07-3104771871ns7:CompanySecretary2015-08-012016-07-3104771871ns7:RegisteredOffice2015-08-012016-07-3104771871ns7:EntityAccountantsOrAuditors2015-08-012016-07-3104771871ns5:NetGoodwill2015-08-012016-07-3104771871ns5:PlantMachinery2015-08-012016-07-3104771871ns5:ComputerEquipment2015-08-012016-07-3104771871ns7:OrdinaryShareClass12016-07-3104771871ns7:OrdinaryShareClass12015-07-31
REGISTERED NUMBER: 04771871 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Shopright Limited

Shopright Limited (Registered number: 04771871)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Shopright Limited

Company Information
for the Year Ended 31 July 2016







DIRECTORS: Mr D W Beswick
Miss H Y Holmes





SECRETARY: Miss H Y Holmes





REGISTERED OFFICE: 6-8 Garfield Terrace
Leeman Road
York
YO26 4XU





REGISTERED NUMBER: 04771871 (England and Wales)





ACCOUNTANTS: Parker Hartley & Co
2 Waverley Street
The Groves
York
YO31 7QZ

Shopright Limited (Registered number: 04771871)

Abbreviated Balance Sheet
31 July 2016

31/7/16 31/7/15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 45,498 51,998
Tangible assets 3 22,943 25,974
68,441 77,972

CURRENT ASSETS
Stocks 43,295 43,207
Debtors 766 7,061
Cash at bank and in hand 14,183 19,231
58,244 69,499
CREDITORS
Amounts falling due within one year 76,975 86,861
NET CURRENT LIABILITIES (18,731 ) (17,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,710

60,610

CREDITORS
Amounts falling due after more than one
year

(27,407

)

(36,436

)

PROVISIONS FOR LIABILITIES (4,148 ) (4,924 )
NET ASSETS 18,155 19,250

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 18,055 19,150
SHAREHOLDERS' FUNDS 18,155 19,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 21 December 2016 and were signed on its behalf
by:




Mr D W Beswick - Director


Shopright Limited (Registered number: 04771871)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised
evenly over its estimated useful life of twenty years.

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 - 15% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 129,999
AMORTISATION
At 1 August 2015 78,001
Amortisation for year 6,500
At 31 July 2016 84,501
NET BOOK VALUE

At 31 July 2016 45,498
At 31 July 2015 51,998

Shopright Limited (Registered number: 04771871)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 71,240
Additions 1,618
At 31 July 2016 72,858
DEPRECIATION
At 1 August 2015 45,266
Charge for year 4,649
At 31 July 2016 49,915
NET BOOK VALUE
At 31 July 2016 22,943
At 31 July 2015 25,974

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/16 31/7/15
value: £    £   
100 Ordinary 1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have given personal guarantees to the bank of £35,000 (2015 £35,000).

The bank also has assigned to it, as security for borrowings, policies of life assurance over the directors.