Tre Ciccio Altrincham Limited - (Formerly Tre Ciccio Limited) Filleted accounts for Companies House (small and micro)

TRE CICCIO ALTRINCHAM LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10803828

TRE CICCIO ALTRINCHAM LIMITED - (FORMERLY TRE CICCIO LIMITED)

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2018

TRE CICCIO ALTRINCHAM LIMITED - (FORMERLY TRE CICCIO LIMITED)

STATEMENT OF FINANCIAL POSITION

31 August 2018

	31 Aug 18
Note	£	£

FIXED ASSETS

Tangible assets	5		608,851

CURRENT ASSETS

Stocks		8,530
Debtors	6	68,360
Cash at bank and in hand		31,800
		---------
		108,690

CREDITORS: Amounts falling due within one year	7	642,201
		---------
NET CURRENT LIABILITIES			533,511
			---------
TOTAL ASSETS LESS CURRENT LIABILITIES			75,340

PROVISIONS		16,453
		--------
NET ASSETS		58,887
		--------

CAPITAL AND RESERVES

Called up share capital		99
Profit and loss account		58,788
		--------
SHAREHOLDERS FUNDS		58,887
		--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TRE CICCIO ALTRINCHAM LIMITED - (FORMERLY TRE CICCIO LIMITED)

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2018

These financial statements were approved by the board of directors and authorised for issue on 26 February 2019 , and are signed on behalf of the board by:

J.D. Gingell	A.G.P Ritchie
Director	Director

F. Scafuri
Director

Company registration number: 10803828

TRE CICCIO ALTRINCHAM LIMITED - (FORMERLY TRE CICCIO LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 5 JUNE 2017 TO 31 AUGUST 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Back Grafton Street, Altrincham, WA14 1DY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	4% per annum straight line
Fixtures & Fittings	-	10% per annum reducing balance
Equipment	-	`10% per annum reducing balance`

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 27 .

5. TANGIBLE ASSETS

	Leasehold Property	Fixtures & Fittings	Equipment	Total
	£	£	£	£
Cost
At 5 June 2017	–	–	–	–
Additions	479,055	50,080	96,633	625,768
	---------	--------	--------	---------
At 31 August 2018	479,055	50,080	96,633	625,768
	---------	--------	--------	---------
Depreciation
At 5 June 2017	–	–	–	–
Charge for the period	9,581	2,504	4,832	16,917
	---------	--------	--------	---------
At 31 August 2018	9,581	2,504	4,832	16,917
	---------	--------	--------	---------
Carrying amount
At 31 August 2018	469,474	47,576	91,801	608,851
	---------	--------	--------	---------

6. DEBTORS

	31 Aug 18
	£
Prepayments and accrued income	10,764
Other debtors	57,596
	--------
	68,360
	--------

7. CREDITORS: Amounts falling due within one year

	31 Aug 18
	£
Trade creditors	206,060
Accruals and deferred income	12,000
Social security and other taxes	36,533
Director loan accounts	160,941
Other creditors	226,667
	---------
	642,201
	---------

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are no transactions with directors that require disclosure under FRS 102.

9. RELATED PARTY TRANSACTIONS

The company was under the control of the directors throughout the period. No transactions with related parties were undertaken such as are required to be disclosed under the provisions of FRS 102 Section 1A.