Accounts filed on 31-03-2019

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			Company registration number:05406221
		RIGHTON GROUP LIMITED
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2019

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RIGHTON GROUP LIMITED
BALANCE SHEET
AS AT 31 March 2019
					2019				2018
				Notes	£		£		£		£
FIXED ASSETS
Intangible assets				3			1				1
Tangible assets				4			34,809				20,016
							34,810				20,017
CURRENT ASSETS
Stocks					23,942				25,262
Debtors				5	517,981				328,692
Cash at bank and in hand					245,105				269,668
					787,028				623,622
CREDITORS
Amounts falling due within one year				6	(764,146)				(685,674)
NET CURRENT ASSETS							22,882				(62,052)
TOTAL ASSETS LESS
CURRENT LIABILITIES							57,692				(42,035)
Creditors falling due after one year				7			(75,159)				(0)
NET ASSETS							(17,467)				(42,035)
CAPITAL AND RESERVES
Called-up equity share capital				8			10				10
Profit and loss account							(17,477)				(42,045)
SHAREHOLDERS FUNDS							(17,467)				(42,035)
For the year ending 31 March 2019 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 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 23 December 2019 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
23 December 2019
The annexed notes form part of these financial statements.

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RIGHTON GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2019
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
	Balance at 1 April 2017			10	0	(65,136)	0	0	(65,126)
	Changes in equity
	Total Comprehensive Income			0	0	23,091	0	0	23,091
	Balance at 31 March 2018			10	0	(42,045)	0	0	(42,035)
	Changes in equity
	Total comprehensive income			0	0	24,568	0	0	24,568
	Balance at 31 March 2019			10	0	(17,477)	0	0	(17,467)

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RIGHTON GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

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 13 (2018 : 14).

3.	Intangible fixed assets
				Total
	Cost
	At start of period			25,000
	At end of period			25,000
	Amortisation
	At start of period			24,999
	At end of period			24,999
	Net Book Values
	At start of period			1
	At end of period			1

4.	Tangible fixed assets
				Total
	Cost
	At start of period			86,822
	Additions			21,023
	Disposals			(9,050)
	At end of period			98,795
	Depreciation
	At start of period			66,806
	Provided during the period			5,455
	On disposals			(8,276)
	At end of period			63,985
	Net Book Value
	At start of period			20,016
	At end of period			34,809

5.	Debtors
					2019	2018
					£	£
	Due within one year
	Trade Debtors				409,511	207,517
	Other Debtors				31,534	77,359
	Prepayments and accrued income				76,936	43,816
					517,981	328,692

6.	Creditors due within one year
					2019	2018
					£	£
	Obligations under finance leases				7,250	0
	Trade creditors				451,694	362,767
	Bank Loans and Overdrafts				28,500	64,569
	Other taxes and social security costs				52,858	58,235
	Other creditors				130,914	129,414
	Accruals and deferred income				92,930	54,267
	Loan from directors				0	16,422
					764,146	685,674
	Of the creditors falling due within one year £37,750 is secured
7.	Creditors due after one year
					2019	2018
					£	£
	Bank Loans				61,988	0
	Obligations under finance leases				13,171	0
					75,159	0
	Of the creditors falling due after more than one year £75,169 is secured

8.	Share capital				Alloted, Issued and fully paid
					2019	2018
					£	£
	Ordinary shares of £1 each				10	10
	Total issued share capital				10	10

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.