Rizk Mccay Limited 30/09/2021 iXBRL
Rizk Mccay Limited 30/09/2021 iXBRL
Company registration number:
05888780
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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(Appointed 1 November 2020) | ||
Secretary |
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Company number |
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Registered office |
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Accountants |
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19 Station Road | |||
Ilkeston | |||
Derbys | |||
DE7 5LD | |||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Rizk Mccay Limited
Year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rizk Mccay Limited for the year ended 30 September 2021 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of AAT , we are subject to its ethical and other professional requirements which are detailed at www.aat.org.uk.
This report is made solely to the board of directors of Rizk Mccay Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Rizk Mccay Limited and state those matters that we have agreed to state to the board of directors of Rizk Mccay Limited as a body, in this report in accordance with the requirements of AAT as detailed at www.aat.org.uk To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rizk Mccay Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Rizk Mccay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rizk Mccay Limited. You consider that Rizk Mccay Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Rizk Mccay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
19 Station Road
Ilkeston
Derbys
DE7 5LD
25 March 2022
Statement of financial position
30 September 2021
30/09/21 | 30/09/20 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 March 2022
, and are signed on behalf of the board by:
Director
Company registration number:
05888780
Statement of changes in equity
Year ended 30 September 2021
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2019 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 30 September 2020 and 1 October 2020 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Issue of shares |
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Dividends paid and payable |
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Total investments by and distributions to owners |
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At 30 September 2021 |
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Notes to the financial statements
Year ended 30 September 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Regency House, 21 The Ropewalk, Nottingham, NG1 5DU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Bicycles | - |
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reducing balance | |
Impairment
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Government grants
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
13
(2020:
11
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5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 October 2020 | - | - | |
Additions | 40,000 | 40,000 | |
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At 30 September 2021 |
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Amortisation | |||
At 1 October 2020 | - | - | |
Charge for the year |
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At 30 September 2021 |
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Carrying amount | |||
At 30 September 2021 |
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At 30 September 2020 | - | - | |
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6.
Tangible assets
Fixtures, fittings and equipment | Bicycles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 October 2020 |
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Additions |
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At 30 September 2021 |
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Depreciation | ||||
At 1 October 2020 |
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Charge for the year |
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At 30 September 2021 |
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Carrying amount | ||||
At 30 September 2021 |
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At 30 September 2020 |
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7.
Debtors
30/09/21 | 30/09/20 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
30/09/21 | 30/09/20 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
30/09/21 | 30/09/20 | |||
£ | £ | |||
Bank loans and overdrafts |
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_______ | _______ | |||
10.
Other financial commitments