Abbreviated Company Accounts - RIGHTON GROUP LIMITED

RIGHTON GROUP LIMITED - Company Information

05406221 RIGHTON GROUP LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05406221 2015-04-01 2016-03-31 05406221 2016-03-31 05406221 2015-03-31 05406221 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05406221 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05406221

RIGHTON GROUP LIMITED

Abbreviated Accounts

31 March 2016

RIGHTON GROUP LIMITED Registered Number 05406221

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	27,551	14,046
		27,552	14,047
Current assets
Stocks		21,701	17,371
Debtors		451,956	423,406
Cash at bank and in hand		361,489	312,185
		835,146	752,962
Creditors: amounts falling due within one year	4	(824,622)	(672,407)
Net current assets (liabilities)		10,524	80,555
Total assets less current liabilities		38,076	94,602
Creditors: amounts falling due after more than one year	4	(52,500)	(34,163)
Total net assets (liabilities)		(14,424)	60,439
Capital and reserves
Called up share capital	5	10	10
Profit and loss account		(14,434)	60,429
Shareholders' funds		(14,424)	60,439

For the year ending 31 March 2016 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 17 November 2016

And signed on their behalf by:
Me E F Righton, Director

RIGHTON GROUP LIMITED Registered Number 05406221

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

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 is written off in equal annual instalments over its expected useful life.

Other accounting policies
Stocks

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

2Intangible fixed assets

	£
Cost
At 1 April 2015	50,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	50,000
Amortisation
At 1 April 2015	49,999
Charge for the year	-
On disposals	-
At 31 March 2016	49,999
Net book values
At 31 March 2016	1
At 31 March 2015	1

3Tangible fixed assets

	£
Cost
At 1 April 2015	62,837
Additions	19,850
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	82,687
Depreciation
At 1 April 2015	48,791
Charge for the year	6,345
On disposals	-
At 31 March 2016	55,136
Net book values
At 31 March 2016	27,551
At 31 March 2015	14,046

4Creditors

	2016 £	2015 £
Secured Debts	87,277	63,419

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10