Company Registration No. 10277176 (England and Wales)
Right First Time Ltd
Unaudited accounts
for the year ended 31 July 2018
Right First Time Ltd
Unaudited accounts
Contents
Right First Time Ltd
Company Information
for the year ended 31 July 2018
Directors
Graham Singleton
Julie Singleton
Nicholas Singleton
Company Number
10277176 (England and Wales)
Registered Office
Quantocks
Merridge
Bridgwater
TA5 1AZ
Accountants
Poolbridge Accountancy Limited
Forge Enterprise Centre
3 Church Road, West Huntspill
Highbridge
Somerset
TA9 3RN
Right First Time Ltd
Statement of financial position
as at
31 July 2018
Cash at bank and in hand
100,458
70,653
Creditors: amounts falling due within one year
(20,695)
(27,612)
Net current assets
113,685
63,333
Net assets
115,019
63,333
Called up share capital
100
100
Profit and loss account
114,919
63,233
Shareholders' funds
115,019
63,333
For the year ending 31 July 2018 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 February 2019.
Graham Singleton
Director
Company Registration No. 10277176
Right First Time Ltd
Notes to the Accounts
for the year ended 31 July 2018
Right First Time Ltd is a private company, limited by shares, registered in England and Wales, registration number 10277176. The registered office is Quantocks , Merridge, Bridgwater, TA5 1AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
Additions
822
800
158
1,780
At 31 July 2018
822
800
158
1,780
Charge for the year
206
200
40
446
At 31 July 2018
206
200
40
446
At 31 July 2018
616
600
118
1,334
Trade debtors
21,745
17,131
Accrued income and prepayments
763
348
Other debtors
11,414
2,813
Right First Time Ltd
Notes to the Accounts
for the year ended 31 July 2018
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
8,930
15,707
Loans from directors
10,565
10,705
7
Average number of employees
During the year the average number of employees was 2 (2017: 2).