Rhythm Riot Limited - Limited company accounts 16.3

REGISTERED NUMBER: 03317340

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2016

for

Rhythm Riot Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

Directors:

Mr J Barnsby

Mr R Weathersbee

Mrs C Weathersbee

Secretary:

Mrs C Weathersbee

Registered office:

Viglen House

110 Viglen House

Alperton Lane

Alperton

Middlesex

HA0 1HD

Registered number:

03317340

Accountants:

Capital Partners London Ltd

110 Viglen House

Alperton Lane

Alperton

London

HA0 1HD

The directors present their report with the financial statements of the company for the year ended 31 March 2016.

Directors

The directors shown below have held office during the whole of the period from 1 April 2015 to the date of this

report.

Mr J Barnsby

Mr R Weathersbee

Mrs C Weathersbee

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

On behalf of the board:

Mrs C Weathersbee - Director

6 December 2016

Turnover

252,785

230,562

Cost of sales

142,803

138,247

Gross profit

109,982

92,315

Administrative expenses

22,513

11,309

Operating profit and

Profit on ordinary activities before
taxation

2

87,469

81,006

Tax on profit on ordinary activities

3

17,494

16,201

Profit for the financial year

69,975

64,805

Current assets

Cash at bank and in hand

25,799

24,104

Creditors

Amounts falling due within one year

5

25,401

23,681

Net current assets

398

423

Total assets less current liabilities

398

423

Capital and reserves

Called up share capital

6

100

Profit and loss account

7

298

323

Shareholders' funds

398

423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 6 December 2016 and were signed on
its behalf by:

Mrs C Weathersbee - Director

1.	Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

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

the balance sheet date.

2.	Operating profit

The operating profit is stated after charging:

31.3.16

31.3.15

£

Directors' remuneration

-

3.

Taxation

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.3.16

31.3.15

£

Current tax:

UK corporation tax

17,494

16,201

Tax on profit on ordinary activities

17,494

16,201

4.

Dividends

31.3.16

31.3.15

£

Ordinary shares of £1 each

Interim

70,000

64,500

5.

Creditors: amounts falling due within one year

31.3.16

31.3.15

£

Tax

17,494

16,201

VAT

2,079

3,428

Other creditors

445

385

Directors' current accounts

2,733

2,367

Accrued expenses

2,650

1,300

25,401

23,681

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

7.

Reserves

Profit

and loss

account

£

At 1 April 2015

323

Profit for the year

69,975

Dividends

(70,000

)

At 31 March 2016

298