Registered Number 05406221

RIGHTON GROUP LIMITED

Abbreviated Accounts

31 March 2015

RIGHTON GROUP LIMITED Registered Number 05406221

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 14,046 18,657
14,047 18,658
Current assets
Stocks 17,371 13,739
Debtors 423,406 312,631
Cash at bank and in hand 312,185 294,981
752,962 621,351
Creditors: amounts falling due within one year 4 (672,407) (560,886)
Net current assets (liabilities) 80,555 60,465
Total assets less current liabilities 94,602 79,123
Creditors: amounts falling due after more than one year 4 (34,163) (58,030)
Provisions for liabilities - (405)
Total net assets (liabilities) 60,439 20,688
Capital and reserves
Called up share capital 5 10 10
Profit and loss account 60,429 20,678
Shareholders' funds 60,439 20,688
  • For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 December 2015

And signed on their behalf by:
Emma Righton, Director

RIGHTON GROUP LIMITED Registered Number 05406221

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company,
net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost less estimated residual value of each asset over its expected
useful life as follows :

Plant and machinery 25% reducing balance basis
Fixtures and fittings 25% reducing balance basis
Motor vehicles 25% reducing balance basis

Intangible assets amortisation policy
Goodwill has been written off in equal instalments over its estimated economic life.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 April 2014 50,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 50,000
Amortisation
At 1 April 2014 49,999
Charge for the year -
On disposals -
At 31 March 2015 49,999
Net book values
At 31 March 2015 1
At 31 March 2014 1
3Tangible fixed assets
£
Cost
At 1 April 2014 62,727
Additions 110
Disposals -
Revaluations -
Transfers -
At 31 March 2015 62,837
Depreciation
At 1 April 2014 44,070
Charge for the year 4,721
On disposals -
At 31 March 2015 48,791
Net book values
At 31 March 2015 14,046
At 31 March 2014 18,657
4Creditors
2015
£
2014
£
Secured Debts 57,663 80,530
5Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
10 Ordinary shares of £1 each 10 10