| RAYAG LIMITED |
| Accountants' Report |
|
|
| Accountants' report to the director of |
| RAYAG LIMITED |
|
| You consider that the company is exempt from an audit for the year ended 31 July 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Ephraman & Co |
| Chartered Certified Accountants |
|
| 4 South Walk |
| West Wickham |
| Kent |
| BR4 9JA |
|
| 7 April 2015 |
|
| RAYAG LIMITED |
| Balance Sheet |
| as at 31 July 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
|
|
|
486 |
|
|
486 |
|
| Current assets |
| Cash at bank and in hand |
|
|
10 |
|
|
10 |
|
| Creditors: amounts falling due within one year |
2 |
|
- |
|
|
(175) |
|
| Net current assets/(liabilities) |
|
|
|
10 |
|
|
(165) |
|
| Total assets less current liabilities |
|
|
|
496 |
|
|
321 |
|
| Creditors: amounts falling due after more than one year |
3 |
|
|
(2,285) |
|
|
(1,780) |
|
|
|
| Net liabilities |
|
|
|
(1,789) |
|
|
(1,459) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(1,790) |
|
|
(1,460) |
|
| Shareholder's funds |
|
|
|
(1,789) |
|
|
(1,459) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Yvette Adjei-Gyamfi |
| Director |
| Approved by the board on 7 April 2015 |
|
| RAYAG LIMITED |
| Notes to the Accounts |
| for the year ended 31 July 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
|
| 2 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Other creditors |
- |
|
175 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due after one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Other creditors |
2,285 |
|
1,780 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
|
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
