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Company registration number:5406221
RIGHTON GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2017

RIGHTON GROUP LIMITED
BALANCE SHEET
AS AT 31 March 2017
2017 2016
Notes £ £ £ £
FIXED ASSETS
Intangible assets311
Tangible assets425,34327,551
25,34427,552
CURRENT ASSETS
Stocks25,53121,701
Debtors5405,383451,956
Cash at bank and in hand286,865361,489
717,779835,146
CREDITORS
Amounts falling due within one year 6 (785,749) (824,622)
NET CURRENT ASSETS (67,970) 10,524
TOTAL ASSETS LESS
CURRENT LIABILITIES (42,626) 38,076
Creditors falling due after one year7(22,500)(52,500)
NET ASSETS (65,126) (14,424)
CAPITAL AND RESERVES
Called-up equity share capital 8 10 10
Profit and loss account (65,136) (14,434)
SHAREHOLDERS FUNDS (65,126) (14,424)
For the year ending 31 March 2017 the company was entitled to exemption un 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 18 December 2017 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Ms E F Righton
18 December 2017
The annexed notes form part of these financial statements.

RIGHTON GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2017
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 April 201510060,4290060,439
Changes in equity
Total Comprehensive Income00(74,863)00(74,863)
Balance at 31 March 2016100(14,434)00(14,424)
Changes in equity
Total comprehensive income00(50,702)00(50,702)
Balance at 31 March 2017100(65,136)00(65,126)

RIGHTON GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
1. Accounting policies
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible Assets
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation i 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 basi
Fixtures and fittings- 25% reducing balance basi
Motor vehicles- 25% reducing balance basi
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.
Pension Scheme
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors during the year was 14 (2016 : 17).
3.Intangible fixed assets
Total
Cost
At start of period50,000
At end of period 50,000
Amortisation
At start of period49,999
At end of period49,999
Net Book Values
At start of period1
At end of period1
4.Tangible fixed assets
Total
Cost
At start of period82,687
Additions4,134
At end of period86,821
Depreciation
At start of period55,136
Provided during the period6,342
At end of period61,478
Net Book Value
At start of period27,551
At end of period25,343
5.Debtors
20172016
££
Due within one year
Trade Debtors287,098294,991
Other Debtors86,53779,832
Prepayments and accrued income31,74858,253
Corporation tax recoverable assets018,880
405,383451,956
6.Creditors due within one year
20172016
££
Trade creditors381,924455,632
Bank Loans and Overdrafts56,58334,777
Corporation Tax07,473
Other taxes and social security costs51,42577,543
Other creditors166,725180,298
Accruals and deferred income46,1014,504
Loan from directors82,99164,395
785,749 824,622
Of the creditors falling due within one year £56,583 is secured
7.Creditors due after one year
20172016
££
Bank Loans22,50052,500
22,500 52,500
Of the creditors falling due after more than one year £22,500 is secured
8. Share capital Alloted, Issued and fully paid
2017 2016
£ £
Ordinary shares of £1 each1010
Total issued share capital1010
9.Pension schemes
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund.