Azmat Riaz Limited - Accounts to registrar (filleted) - small 18.1

Azmat Riaz Limited - Accounts to registrar (filleted) - small 18.1

AZMAT RIAZ LIMITED - Company Information

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REGISTERED NUMBER: 06470472 (England and Wales)















Abridged Financial Statements for the Year Ended 31st January 2018

for

Azmat Riaz Limited
Azmat Riaz Limited (Registered number: 06470472)






Contents of the Financial Statements
for the Year Ended 31st January 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Azmat Riaz Limited

Company Information
for the Year Ended 31st January 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,999 132,999
Tangible assets 5 18,802 19,205
139,801 152,204

CURRENT ASSETS
Debtors 125,861 42,496
Cash at bank and in hand 154,906 192,492
280,767 234,988
CREDITORS
Amounts falling due within one year 116,663 99,755
NET CURRENT ASSETS 164,104 135,233
TOTAL ASSETS LESS CURRENT
LIABILITIES
303,905
287,437

CREDITORS
Amounts falling due after more than one
year
6
(78,012
)
(94,547
)

PROVISIONS FOR LIABILITIES 8 (2,200 ) (2,200 )
NET ASSETS 223,693 190,690

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,593 190,590
SHAREHOLDERS' FUNDS 223,693 190,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2018 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 2018


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 year ended 31st January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 25th May 2018 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 Year Ended 31st January 2018

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 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.

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.

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 8 (2017 - 8 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 31st January 2018

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2017
and 31st January 2018 239,999
AMORTISATION
At 1st February 2017 107,000
Amortisation for year 12,000
At 31st January 2018 119,000
NET BOOK VALUE

At 31st January 2018 120,999
At 31st January 2017 132,999

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2017 42,257
Additions 3,955
Disposals (147 )
At 31st January 2018 46,065
DEPRECIATION
At 1st February 2017 23,052
Charge for year 4,245
Eliminated on disposal (34 )
At 31st January 2018 27,263
NET BOOK VALUE
At 31st January 2018 18,802
At 31st January 2017 19,205

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2018 2017
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,609 21,350

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 95,158 111,586

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

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

Notes to the Financial Statements - continued
for the Year Ended 31st January 2018

8. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 2,200 2,200

Deferred
tax
£   
Balance at 1st February 2017 2,200
Balance at 31st January 2018 2,200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st January 2018 and the
period ended 31st January 2017:

2018 2017
£    £   
A Riaz
Balance outstanding at start of year (126 ) (458 )
Amounts advanced 86,055 3,398
Amounts repaid - (3,066 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,929 (126 )

Page 6