Rights Highway Limited

Rights Highway Limited

RIGHTS HIGHWAY LIMITED - Company Information

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1 October 2016 false No description of principal activity Taxfiler 2018.11.Web 07013559business:PrivateLimitedCompanyLtd2016-10-012017-09-30 070135592016-09-30 070135592016-10-012017-09-30 07013559business:AuditExempt-NoAccountantsReport2016-10-012017-09-30 07013559business:FullAccounts2016-10-012017-09-30 070135592017-09-30 07013559business:Director12016-10-012017-09-30 07013559business:Director22016-10-012017-09-30 070135592016-09-30 07013559core:WithinOneYear2017-09-30 07013559core:WithinOneYear2016-09-30 07013559core:AfterOneYear2017-09-30 07013559core:AfterOneYear2016-09-30 07013559core:ShareCapital2017-09-30 07013559core:ShareCapital2016-09-30 07013559core:SharePremium2017-09-30 07013559core:SharePremium2016-09-30 07013559core:RetainedEarningsAccumulatedLosses2017-09-30 07013559core:RetainedEarningsAccumulatedLosses2016-09-30 07013559business:SmallEntities2016-10-012017-09-30 07013559countries:EnglandWales2016-10-012017-09-30 07013559core:ComputerEquipment2016-10-012017-09-30 07013559core:ComputerEquipment2016-09-30 07013559core:ComputerEquipment2017-09-30 070135592015-10-012016-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07013559 (England and Wales)
Rights Highway Limited Unaudited accounts for the year ended 30 September 2017
Rights Highway Limited Unaudited accounts Contents
Page
- 2 -
Rights Highway Limited Company Information for the year ended 30 September 2017
Directors
Peter Le Bosquet Paul Lynton
Company Number
07013559 (England and Wales)
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Rights Highway Limited Statement of financial position as at 30 September 2017
2017 
2016 
Notes
£ 
£ 
Current assets
Debtors
5
5,000 
5,380 
Cash at bank and in hand
2,613 
1,114 
7,613 
6,494 
Creditors: amounts falling due within one year
6
(1,025)
(1,110)
Net current assets
6,588 
5,384 
Total assets less current liabilities
6,588 
5,384 
Creditors: amounts falling due after more than one year
7
(200,000)
(200,000)
Net liabilities
(193,412)
(194,616)
Capital and reserves
Called up share capital
100 
100 
Share premium
49,960 
49,960 
Profit and loss account
(243,472)
(244,676)
Shareholders' funds
(193,412)
(194,616)
For the year ending 30 September 2017 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 28 September 2018.
Paul Lynton Director Company Registration No. 07013559
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Rights Highway Limited Notes to the Accounts for the year ended 30 September 2017
1
Statutory information
Rights Highway Limited is a private company, limited by shares, registered in England and Wales, registration number 07013559.
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.
3
Accounting policies
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2016
1,691 
At 30 September 2017
1,691 
Depreciation
At 1 October 2016
1,691 
At 30 September 2017
1,691 
Net book value
At 30 September 2017
- 
5
Debtors
2017 
2016 
£ 
£ 
Other debtors
5,000 
5,380 
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Rights Highway Limited Notes to the Accounts for the year ended 30 September 2017
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
(100)
(15)
Accruals
1,125 
1,125 
1,025 
1,110 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Other creditors
200,000 
200,000 
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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