Anna Paola Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07257788 (England and Wales)

ANNA PAOLA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A P Papaconstantinou

SECRETARY:

REGISTERED OFFICE:

18 New Quebec Street

London

W1H 7RX

REGISTERED NUMBER:

07257788 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Tangible assets

4

1,067

1,429

CURRENT ASSETS

Stocks

123,433

126,080

Debtors

5

155,096

218,096

Cash at bank

20,316

22,068

298,845

366,244

CREDITORS

Amounts falling due within one year

6

35,314

46,008

NET CURRENT ASSETS

263,531

320,236

TOTAL ASSETS LESS CURRENT LIABILITIES

264,598

321,665

CREDITORS

Amounts falling due after more than one year

7

804,293

776,459

NET LIABILITIES

(539,695

)

(454,794

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

(39,972

)

(44,709

)

Retained earnings

(500,723

)

(411,085

)

SHAREHOLDERS' FUNDS

(539,695

)

(454,794

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 4 November 2019 and were signed by:

Ms A P Papaconstantinou - Director

1.	STATUTORY INFORMATION

Anna Paola 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2018

3,175

Disposals

(324

)

At 31 May 2019

2,851

DEPRECIATION

At 1 June 2018

1,746

Charge for year

362

Eliminated on disposal

(324

)

At 31 May 2019

1,784

NET BOOK VALUE

At 31 May 2019

1,067

At 31 May 2018

1,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

155,096

217,355

Other debtors

-

741

155,096

218,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Bank loans and overdrafts

22,915

32,553

Trade creditors

1

-

Social security and other taxes

1,430

1,748

VAT

1,753

1,243

Pension liability

427

-

Directors' current accounts

558

558

Accrued expenses

8,230

9,906

35,314

46,008

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.19

31.5.18

£

£

Other loans - 1-2 years

804,293

776,459

8.

RESERVES

Revaluation

reserve

£

At 1 June 2018

(44,709

)

Foreign exchange movement

4,737

At 31 May 2019

(39,972

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the director.