Accounts filed on 31-03-2021

			Company registration number:05406221
		RIGHTON GROUP LIMITED
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2021

RIGHTON GROUP LIMITED
BALANCE SHEET
AS AT 31 March 2021
					2021				2020
				Notes	£		£		£		£
FIXED ASSETS
Intangible assets				3			1				1
Tangible assets				4			17,673				26,931
							17,674				26,932
CURRENT ASSETS
Stocks					7,817				22,332
Debtors				5	74,429				180,778
Cash at bank and in hand					114,877				213,767
					197,123				416,877
CREDITORS
Amounts falling due within one year				6	(245,212)				(486,543)
NET CURRENT ASSETS							(48,089)				(69,666)
TOTAL ASSETS LESS
CURRENT LIABILITIES							(30,415)				(42,734)
Creditors falling due after one year				7			(82,790)				(65,729)
NET ASSETS							(113,205)				(108,463)
CAPITAL AND RESERVES
Called-up equity share capital				8			10				10
Profit and loss account							(113,215)				(108,473)
SHAREHOLDERS FUNDS							(113,205)				(108,463)
For the year ending 31 March 2021 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 28 December 2021 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
28 December 2021
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 2021
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 April 2019				10	0	(17,477)	0	0	(17,467)
Changes in equity
Total Comprehensive Income				0	0	(90,996)	0	0	(90,996)
Balance at 31 March 2020				10	0	(108,473)	0	0	(108,463)
Changes in equity
Total comprehensive income				0	0	(4,742)	0	0	(4,742)
Balance at 31 March 2021				10	0	(113,215)	0	0	(113,205)

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RIGHTON GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

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 4.

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

4.	Tangible fixed assets
				Short Lease	Plant	Motor	F and F	Total
	Cost
	At start of period			3,286	4,772	20,491	70,246	98,795
	Disposals			(3,286)	(0)	(0)	(0)	(3,286)
	At end of period			0	4,772	20,491	70,246	95,509
	Depreciation
	At start of period			0	4,415	6,417	61,032	71,864
	Provided during the period			0	89	3,580	2,303	5,972
	At end of period			0	4,504	9,997	63,335	77,836
	Net Book Value
	At start of period			3,286	357	14,074	9,214	26,931
	At end of period			0	268	10,494	6,911	17,673

5.	Debtors
					2021	2020
					£	£
	Due within one year
	Trade Debtors				49,229	108,916
	Other Debtors				13,683	30,384
	Prepayments and accrued income				11,517	41,478
					74,429	180,778

6.	Creditors due within one year
					2021	2020
					£	£
	Obligations under finance leases				4,335	4,335
	Trade creditors				98,674	288,298
	Bank Loans and Overdrafts				39,748	26,908
	Other taxes and social security costs				70,707	69,057
	Other creditors				18,229	68,418
	Accruals and deferred income				13,449	28,965
	Loan from directors				70	562
					245,212	486,543
	Of the creditors falling due within one year £44,083 is secured
7.	Creditors due after one year
					2021	2020
					£	£
	Bank Loans				74,859	53,766
	Obligations under finance leases				7,931	11,963
					82,790	65,729
	Of the creditors falling due after more than one year £82,790 is secured

8.	Share capital				Alloted, Issued and fully paid
					2021	2020
					£	£
	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.