Azmat Riaz Limited - Accounts to registrar - small 17.1

Azmat Riaz Limited - Accounts to registrar - small 17.1

AZMAT RIAZ LIMITED - Company Information

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REGISTERED NUMBER: 06470472 (England and Wales)















Abridged Financial Statements

for the Period 1st March 2016 to 31st January 2017

for

Azmat Riaz Limited

Azmat Riaz Limited (Registered number: 06470472)






Contents of the Financial Statements
for the Period 1st March 2016 to 31st January 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Azmat Riaz Limited

Company Information
for the Period 1st March 2016 to 31st January 2017







DIRECTOR: A Riaz





SECRETARY: Mrs S Azeem





REGISTERED OFFICE: Hills Estate Agents
46 Foregate Street
Worcester
Worcestershire
WR1 1EE





REGISTERED NUMBER: 06470472 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU
Page 1
Azmat Riaz Limited (Registered number: 06470472)

Abridged Balance Sheet
31st January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,999 143,999
Tangible assets 5 19,205 18,129
152,204 162,128

CURRENT ASSETS
Debtors 42,496 53,500
Cash at bank and in hand 192,492 190,473
234,988 243,973
CREDITORS
Amounts falling due within one year 99,755 121,820
NET CURRENT ASSETS 135,233 122,153
TOTAL ASSETS LESS CURRENT
LIABILITIES
287,437
284,281

CREDITORS
Amounts falling due after more than one
year
6
(94,547
)
(110,227
)

PROVISIONS FOR LIABILITIES 8 (2,200 ) (2,000 )
NET ASSETS 190,690 172,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,590 171,954
SHAREHOLDERS' FUNDS 190,690 172,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2017 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 notes form part of these financial statements

Page 2 continued...
Azmat Riaz Limited (Registered number: 06470472)

Abridged Balance Sheet - continued
31st January 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 28th April 2017 and were signed by:





A Riaz - Director


The notes form part of these financial statements

Page 3
Azmat Riaz Limited (Registered number: 06470472)

Notes to the Financial Statements
for the Period 1st March 2016 to 31st January 2017

1. STATUTORY INFORMATION

Azmat Riaz Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 5% on cost

TAXATION
Taxation for the period 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 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 period 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 period was 8 .

Page 4 continued...
Azmat Riaz Limited (Registered number: 06470472)

Notes to the Financial Statements - continued
for the Period 1st March 2016 to 31st January 2017

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st March 2016
and 31st January 2017 239,999
AMORTISATION
At 1st March 2016 96,000
Amortisation for period 11,000
At 31st January 2017 107,000
NET BOOK VALUE

At 31st January 2017 132,999
At 29th February 2016 143,999

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st March 2016 41,518
Additions 7,658
Disposals (6,919 )
At 31st January 2017 42,257
DEPRECIATION
At 1st March 2016 23,389
Charge for period 3,776
Eliminated on disposal (4,113 )
At 31st January 2017 23,052
NET BOOK VALUE
At 31st January 2017 19,205
At 29th February 2016 18,129

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Bank loans 94,547 110,227

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 111,586 126,006

The security on the loans are in the form of a personal guarantee made by the director.

8. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 2,200 2,000

Page 5 continued...
Azmat Riaz Limited (Registered number: 06470472)

Notes to the Financial Statements - continued
for the Period 1st March 2016 to 31st January 2017

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st March 2016 2,000
Provided during period 200
Balance at 31st January 2017 2,200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st January 2017 and the
year ended 29th February 2016:

2017 2016
£    £   
A Riaz
Balance outstanding at start of period (458 ) (273 )
Amounts advanced 3,398 12,815
Amounts repaid (3,066 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (126 ) (458 )

Page 6