Company Registration No. 04208781 (England and Wales)
PATISSERIE RAYAN LTD
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
PATISSERIE RAYAN LTD
COMPANY INFORMATION
Director
Mr T Zreik
Secretary
Miss Olha Yeroshkina
Company number
04208781
Registered office
32 Woodstock Grove
Shepherds Bush
W12 8LE
Accountants
Jaffer & Co, Chartered Accountants
32 Woodstock Grove
London
W12 8LE
Business address
Unit 10, Kingham Industrial Estate
Everitt Road
London
Great Britain
NW10 6LP
PATISSERIE RAYAN LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
PATISSERIE RAYAN LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MAY 2016
- 1 -
The director presents his report and financial statements for the year ended 31 May 2016.
Director
The following director has held office since 1 June 2015:
Mr T Zreik
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr T Zreik
Director
24 February 2017
PATISSERIE RAYAN LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PATISSERIE RAYAN LTD FOR THE YEAR ENDED 31 MAY 2016
- 2 -
It is your duty to ensure that Patisserie Rayan Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Patisserie Rayan Ltd. You consider that Patisserie Rayan Ltd is exempt from the statutory audit requirement for the year.
As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31 May 2016, set out on pages 3 to 7 and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities from the accounting records and information and explanations supplied to us.
Jaffer & Co, Chartered Accountants
24 February 2017
Accountants
32 Woodstock Grove
London
W12 8LE
PATISSERIE RAYAN LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
2016
2015
Notes
£
£
Turnover
1,054,935
638,008
Cost of sales
(570,517)
(343,683)
Gross profit
484,418
294,325
Administrative expenses
(247,000)
(178,981)
Operating profit
2
237,418
115,344
Interest payable and similar charges
(8,493)
(8,658)
Profit on ordinary activities before taxation
228,925
106,686
Tax on profit on ordinary activities
3
(44,286)
(17,917)
Profit for the year
10
184,639
88,769
PATISSERIE RAYAN LTD
BALANCE SHEET
- 4 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
5
407,312
395,461
Current assets
Stocks
6,160
4,210
Debtors
6
75,455
81,505
Cash at bank and in hand
160,337
55,064
241,952
140,779
Creditors: amounts falling due within one year
7
(58,685)
(96,239)
Net current assets
183,267
44,540
Total assets less current liabilities
590,579
440,001
Creditors: amounts falling due after more than one year
8
(312,169)
(316,230)
278,410
123,771
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
10
278,408
123,769
Shareholders' funds
278,410
123,771
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 24 February 2017
Mr T Zreik
Director
Company Registration No. 04208781
PATISSERIE RAYAN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Fixtures, fittings & equipment
15% on reducing balance basis.
Motor vehicles
15% on reducing balance basis.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Operating profit
2016
2015
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
9,511
7,419
Director's remuneration
7,500
7,498
3
Taxation
2016
2015
£
£
Domestic current year tax
U.K. corporation tax
44,286
17,917
Total current tax
44,286
17,917
4
Dividends
2016
2015
£
£
Ordinary final proposed
30,000
30,000
PATISSERIE RAYAN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 6 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2015
353,422
88,930
442,352
Additions
-
21,361
21,361
At 31 May 2016
353,422
110,291
463,713
Depreciation
At 1 June 2015
-
46,890
46,890
Charge for the year
-
9,511
9,511
At 31 May 2016
-
56,401
56,401
Net book value
At 31 May 2016
353,422
53,890
407,312
At 31 May 2015
353,422
42,039
395,461
6
Debtors
2016
2015
£
£
Trade debtors
-
5,450
Other debtors
75,455
76,055
75,455
81,505
7
Creditors: amounts falling due within one year
2016
2015
£
£
Bank loans and overdrafts
-
3,594
Trade creditors
1,447
17,021
Taxation and social security
44,587
18,379
Other creditors
12,651
57,245
58,685
96,239
PATISSERIE RAYAN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 7 -
8
Creditors: amounts falling due after more than one year
2016
2015
£
£
Other creditors
312,169
316,230
Analysis of loans
Wholly repayable within five years
312,169
316,230
9
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2
10
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 June 2015
123,769
Profit for the year
184,639
Dividends paid
(30,000)
Balance at 31 May 2016
278,408
PATISSERIE RAYAN LTD
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 MAY 2016
2016
2015
£
£
Administrative expenses
Wages and salaries
152,305
94,727
Directors' remuneration
7,500
7,498
Staff training
153
263
Rates
8,922
5,173
Refuse Collection
220
829
Insurance
1,011
4,145
Light and heat
24,743
21,230
Cleaning
4,566
4,534
Repairs and maintenance
16,436
14,646
Printing, postage and stationery
192
-
Advertising
1,759
630
Equipment Expensed
801
-
Telephone
999
712
Hire of equipment
-
520
Motor running expenses
7,413
8,171
Motor Expense n/a
130
305
Legal and prof fees - allowable
257
-
Consultancy fees
1,500
-
Accountancy
3,050
4,050
Bank charges
5,532
3,709
Uniform expenses
-
344
Subscriptions - allowable
-
76
Depreciation on FF & E
7,450
6,255
Depreciation on motor vehicles
2,061
1,164
247,000
178,981
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