Right Financial Planning Ltd

RIGHT FINANCIAL PLANNING LTD - Company Information

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Registered number: 08605085

Abbreviated accounts

For The Year Ended 31 July 2016

RS Medical Accountancy Ltd

41 Diamond Ridge

Barlaston

Staffordshire

ST12 9DS

Right Financial Planning Ltd

Company No. 08605085

Abbreviated Balance Sheet 31 July 2016

Abbreviated Balance Sheet

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		5,134		14,177

			5,134		14,177
CURRENT ASSETS
Cash at bank and in hand		130,431		85,199

		130,431		85,199
Creditors: Amounts Falling Due Within One Year		(50,326 )		(66,108 )

NET CURRENT ASSETS (LIABILITIES)			80,105		19,091

TOTAL ASSETS LESS CURRENT LIABILITIES			85,239		33,268

NET ASSETS			85,239		33,268

Profit and Loss Account			85,239		33,268

SHAREHOLDERS' FUNDS			85,239		33,268

For the year ending 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Majad Khan

20th March 2017

Right Financial Planning Ltd

Notes to the Abbreviated Accounts

For The Year Ended 31 July 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Motor Vehicles	20%
Fixtures & Fittings	20%
Computer Equipment	33%

2. Tangible Assets


	Total
Cost	£
As at 1 August 2015	21,569
Additions	5,120
Disposals	(19,300 )

As at 31 July 2016	7,389

Depreciation
As at 1 August 2015	7,392
Provided during the period	1,502
Disposals	(6,639 )

As at 31 July 2016	2,255

Net Book Value
As at 31 July 2016	5,134

As at 1 August 2015	14,177

3. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

4. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

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