Aryan Oxford Limited - Accounts

Aryan Oxford Limited - Accounts

ARYAN OXFORD LIMITED - Company Information

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Registered Number: 11215978
England and Wales

 

 

 

ARYAN OXFORD LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

Aryan Oxford Limited
Contents Page
For the year ended 28 February 2022
Director Samad Ali
Registered Number 11215978
Registered Office 81 High Street
Burford
Oxfordshire
OX18 4QA
Accountants RCi Chartered Acountants and Business Advisors
Windsor House
9-15 Adelaide Street
Luton
LU1 5BJ
Bankers Santander Uk Plc
2 Triton Square
Regent's Place
London
NW1 3AN

Starling Bank Limited
3Rd Floor 2 Finsbury Avenue
London
EC2M 2PP
1
The directors present their annual report and the financial statements for the year ended 28 February 2022.
Principal activities
Principal activity of the company during the financial year was of licensed restaurants.
Director
The director who served the company throughout the year was as follows:
Samad Ali
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Samad Ali
Director

Date approved: 08 April 2022
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2022 . 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 Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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.
RCi Chartered Acountants and Business Advisors
28 February 2022



....................................................
RCi Chartered Acountants and Business Advisors
Windsor House
9-15 Adelaide Street
Luton
LU1 5BJ
08 April 2022
3
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 10,491    12,342 
Investments 4 50,000    50,000 
60,491    62,342 
Current assets      
Stocks 5 7,613    8,250 
Debtors 6 2,332    0 
Cash at bank and in hand 309,600    132,481 
319,545    140,731 
Creditors: amount falling due within one year 7 (114,920)   (61,865)
Net current assets 204,625    78,866 
 
Total assets less current liabilities 265,116    141,208 
Creditors: amount falling due after more than one year 8 (41,618)   (50,000)
Net assets 223,498    91,208 
 

Capital and reserves 		     
Called up share capital 9 1,000    1,000 
Profit and loss account 222,498    90,208 
Shareholder's funds 223,498    91,208 
 


For the year ended 28 February 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 08 April 2022 and were signed by:


--------------------------------
Samad Ali
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2020 1,000  52,760  53,760 
Profit for the year 77,448  77,448 
Total comprehensive income for the year -  77,448  77,448 
Dividends (40,000) (40,000)
Total investments by and distributions to owners -  (40,000) (40,000)
At 28 February 2021 1,000  90,208  91,208 
At 01 March 2021 1,000  90,208  91,208 
Profit for the year 162,290  162,290 
Total comprehensive income for the year -  162,290  162,290 
Dividends (30,000) (30,000)
Total investments by and distributions to owners -  (30,000) (30,000)
At 28 February 2022 1,000  222,498  223,498 
5
General Information
Aryan Oxford Limited is a private company, limited by shares, registered in England and Wales, registration number 11215978, registration address 81 High Street, Burford, Oxfordshire, OX18 4QA

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Break-down of Grant: 
Type of Grant Current
£
HMRC JRS Grant33,253 
COVID Grant15,143 
HMRC PAYE Credit4,000 
52,396 
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15 Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Staff Costs

2022   2021
 
Average number of employees during the year Number   Number
Administration 3    3 
Production 4    4 
Sales 6    2 
Distribution 4    4 
17    13 

3.

Average number of employees

Average number of employees during the year was 17 (2021 : 13).
4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2021 7,634    8,968    16,602 
Additions -    -    - 
Disposals -    -    - 
At 28 February 2022 7,634    8,968    16,602 
Depreciation
At 01 March 2021 2,584    1,676    4,260 
Charge for year 757    1,094    1,851 
On disposals -    -    - 
At 28 February 2022 3,341    2,770    6,111 
Net book values
Closing balance as at 28 February 2022 4,293    6,198    10,491 
Opening balance as at 01 March 2021 5,050    7,292    12,342 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2021 50,000    50,000 
Additions -    - 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 28 February 2022 50,000    50,000 

6.

Stocks

2022
£		   2021
£
Stocks 7,613    8,250 
7,613    8,250 

7.

Debtors: amounts falling due within one year

2022
£		   2021
£
Other Debtors 2,133    0 
VAT Overpaid 199    0 
2,332    0 

8.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors 12,883    14,760 
Corporation Tax 38,097    17,956 
PAYE & Social Security 2,027    1,039 
Accrued Expenses 0    876 
Other Creditors 76    (1)
Dividends Payable - Equity 45,000    25,000 
VAT 16,837    2,235 
114,920    61,865 

9.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bounce Back L:oan 50,000    50,000 
Bounce Back Loan Repayment (8,382)   0 
41,618    50,000 

10.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

6