Rahman Leisure (W/bay) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10572637 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

Rahman Leisure (W/bay) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Mohammed Mamun Rahman

REGISTERED OFFICE:

7-8 East Parade

Whitley Bay

Tyne and Wear

NE26 1AP

REGISTERED NUMBER:

10572637 (England and Wales)

ACCOUNTANTS:

KAS Accountancy

Unit 6, Riverside Court

Don Road

Sheffield

S9 2TJ

FIXED ASSETS

Tangible assets

4

90,427

104,385

CURRENT ASSETS

Stocks

10,684

8,122

Cash at bank and in hand

51,625

19,029

62,309

27,151

CREDITORS

Amounts falling due within one year

5

32,052

27,228

NET CURRENT ASSETS/(LIABILITIES)

30,257

(77

)

TOTAL ASSETS LESS CURRENT LIABILITIES

120,684

104,308

CREDITORS

Amounts falling due after more than one year

6

79,606

137,886

NET ASSETS/(LIABILITIES)

41,078

(33,578

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

40,978

(33,678

)

SHAREHOLDERS' FUNDS

41,078

(33,578

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2020 and were signed by:

Mr Mohammed Mamun Rahman - Director

1.	STATUTORY INFORMATION

Rahman Leisure (W/bay) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2019

and 31 January 2020

20,000

119,559

139,559

DEPRECIATION

At 1 February 2019

2,000

33,174

35,174

Charge for year

1,000

12,958

13,958

At 31 January 2020

3,000

46,132

49,132

NET BOOK VALUE

At 31 January 2020

17,000

73,427

90,427

At 31 January 2019

18,000

86,385

104,385

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans and overdrafts

14,280

14,280

Taxation and social security

15,585

11,073

Other creditors

2,187

1,875

32,052

27,228

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans

22,610

36,890

Other creditors

56,996

100,996

79,606

137,886