Rashid Maynard Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07920539 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

RASHID MAYNARD ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Maynard

F Devji

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

REGISTERED NUMBER:

07920539 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Tangible assets

4

6,187

3,811

CURRENT ASSETS

Debtors

5

8,119

-

Cash at bank and in hand

2

16,281

8,121

16,281

CREDITORS

Amounts falling due within one year

6

19,638

18,415

NET CURRENT LIABILITIES

(11,517

)

(2,134

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,330

)

1,677

PROVISIONS FOR LIABILITIES

1,186

762

NET (LIABILITIES)/ASSETS

(6,516

)

915

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(6,518

)

913

SHAREHOLDERS' FUNDS

(6,516

)

915

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Board of Directors on 10 October 2018 and were signed on its behalf by:

R Maynard - Director

1.	STATUTORY INFORMATION

Rashid Maynard Associates Ltd 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.

The accounts have been prepared on a going concern basis on the understanding that the Directors will continue to support the

company for the foreseeable future. The Directors are seeking new opportunities to grow the business henceforward.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2017

9,516

Additions

4,439

At 31 January 2018

13,955

DEPRECIATION

At 1 February 2017

5,705

Charge for year

2,063

At 31 January 2018

7,768

NET BOOK VALUE

At 31 January 2018

6,187

At 31 January 2017

3,811

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

8,119

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

9

-

Trade creditors

2,023

-

Taxation and social security

580

17,248

Other creditors

17,026

1,167

19,638

18,415

7.	CONTROLLING PARTY

The controlling party is R Maynard.