Rightaction Group Ltd - Accounts to registrar (filleted) - small 18.2

Rightaction Group Ltd - Accounts to registrar (filleted) - small 18.2

RIGHTACTION GROUP LTD - Company Information

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REGISTERED NUMBER: 10844904 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

RIGHTACTION GROUP LTD
Accountancy Solutions (UK) Limited
Chartered Accountants
& Statutory Auditors
Suite 9 Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG








RIGHTACTION GROUP LTD (REGISTERED NUMBER: 10844904)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIGHTACTION GROUP LTD

COMPANY INFORMATION
for the year ended 31 March 2020







DIRECTORS: Mrs J M Holden
D C Holden
B T Holden



SECRETARY: D C Holden



REGISTERED OFFICE: 15 Atkinsons Way
Foxhills Industrial Park
Scunthorpe
North Lincolnshire
DN15 8QJ



REGISTERED NUMBER: 10844904 (England and Wales)



ACCOUNTANTS: Accountancy Solutions (UK) Limited
Chartered Accountants
& Statutory Auditors
Suite 9 Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG



BANKERS: National Westminster Bank Plc
Scunthorpe Branch
119 High Street
Scunthorpe
North Lincolnshire
DN15 6LT
Page 1
RIGHTACTION GROUP LTD (REGISTERED NUMBER: 10844904)

BALANCE SHEET
31 March 2020

31.3.20 31.3.19
Notes £    £   
FIXED ASSETS
Tangible assets 4 215,000 215,000
Investments 5 73,709 73,709
288,709 288,709

CURRENT ASSETS
Debtors 6 100,510 104,734
Cash at bank 44,131 6,288
144,641 111,022
CREDITORS
Amounts falling due within one year 7 (91,863 ) (95,003 )
NET CURRENT ASSETS 52,778 16,019
TOTAL ASSETS LESS CURRENT
LIABILITIES
341,487
304,728

CREDITORS
Amounts falling due after more than one
year
8
(89,409
)
(112,481
)
NET ASSETS 252,078 192,247

The notes form part of these financial statements

Page 2 continued...
RIGHTACTION GROUP LTD (REGISTERED NUMBER: 10844904)

BALANCE SHEET - continued
31 March 2020

31.3.20 31.3.19
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 26,219 26,219
Retained earnings 225,859 166,028
SHAREHOLDERS' FUNDS 252,078 192,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2020
and were signed on its behalf by:





B T Holden - Director


The notes form part of these financial statements

Page 3
RIGHTACTION GROUP LTD (REGISTERED NUMBER: 10844904)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2020

1. STATUTORY INFORMATION

Rightaction Group Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Rightaction Group Ltd as an individual company and
do not contain consolidated financial information as the parent of a group. The company is exempt under
Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial
statements.

Turnover
Management fees is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted
or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured using
tax rates and laws that have been enacted or substantively enacted by the year end and that are expected
to apply to the reversal of the timing difference.

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

Page 4 continued...
RIGHTACTION GROUP LTD (REGISTERED NUMBER: 10844904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2019
and 31 March 2020 215,000
NET BOOK VALUE
At 31 March 2020 215,000
At 31 March 2019 215,000

The building is maintained in good condition and the directors are of the opinion the deemed value is no
less than cost.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2019
and 31 March 2020 73,709
NET BOOK VALUE
At 31 March 2020 73,709
At 31 March 2019 73,709

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Amounts owed by group undertakings 100,106 104,734
Other debtors 404 -
100,510 104,734

Page 5 continued...
RIGHTACTION GROUP LTD (REGISTERED NUMBER: 10844904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors - 1,080
Taxation and social security 67,345 69,973
Other creditors 24,518 23,950
91,863 95,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.20 31.3.19
£    £   
Other creditors 89,409 112,481

Amounts falling due in more than five years:

Repayable by instalments
Other loans more than 5 years - 16,775

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.20 31.3.19
£    £   
Other creditors 112,751 135,206

National Westminster Bank Plc hold by way of legal mortgage all legal interest in 15 Atkinsons Way,
Scunthorpe.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.

Page 6