Riaz Associates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05777426 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Riaz Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Riaz

REGISTERED OFFICE:

Tenby Place

102 Selby Road

West Bridgford

Nottingham

NG2 7BA

REGISTERED NUMBER:

05777426 (England and Wales)

ACCOUNTANTS:

Global Payroll Services Ltd

Tenby Place

102 Selby Road

West Bridgford

Nottingham

NG2 7BA

FIXED ASSETS

Tangible assets

4

435

1,405

CURRENT ASSETS

Debtors

5

64,350

69,990

Cash at bank

303,922

194,757

368,272

264,747

CREDITORS

Amounts falling due within one year

6

50,344

28,940

NET CURRENT ASSETS

317,928

235,807

TOTAL ASSETS LESS CURRENT LIABILITIES

318,363

237,212

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

318,263

237,112

SHAREHOLDERS' FUNDS

318,363

237,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 31 January 2018 and were signed by:

S Riaz - Director

1.	STATUTORY INFORMATION

Riaz Associates 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.

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

-

33% straight line

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

5,195

DEPRECIATION

At 1 May 2016

3,790

Charge for year

970

At 30 April 2017

4,760

NET BOOK VALUE

At 30 April 2017

435

At 30 April 2016

1,405

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

22,350

21,090

Other debtors

42,000

48,900

64,350

69,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Tax

30,622

15,506

Social security and other taxes

642

667

VAT

16,364

11,903

Directors' loan account

124

864

Accruals and deferred income

2,592

-

50,344

28,940