Nunzio's Limited - Accounts to registrar (filleted) - small 18.2

Nunzio's Limited - Accounts to registrar (filleted) - small 18.2

NUNZIO'S LIMITED - Company Information

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REGISTERED NUMBER: 06066503 (England and Wales)












NUNZIO'S LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020






NUNZIO'S LIMITED (REGISTERED NUMBER: 06066503)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NUNZIO'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: N Provenzano
Mrs S Provenzano





SECRETARY: N Provenzano





REGISTERED OFFICE: 91 Abingdon Street
Blackpool
Lancashire
FY1 1PP





REGISTERED NUMBER: 06066503 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP
Page 1
NUNZIO'S LIMITED (REGISTERED NUMBER: 06066503)

ABRIDGED BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,000 51,000
Tangible assets 5 63,809 92,617
111,809 143,617

CURRENT ASSETS
Stocks 1,000 4,500
Debtors 369 5,756
Cash at bank and in hand 2,463 6,926
3,832 17,182
CREDITORS
Amounts falling due within one year 78,088 58,178
NET CURRENT LIABILITIES (74,256 ) (40,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
37,553
102,621

PROVISIONS FOR LIABILITIES - 2,461
NET ASSETS 37,553 100,160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,453 100,060
SHAREHOLDERS' FUNDS 37,553 100,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

Page 2 continued...
NUNZIO'S LIMITED (REGISTERED NUMBER: 06066503)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on
27 July 2020 and were signed on its behalf by:





N Provenzano - Director


The notes form part of these financial statements

Page 3
NUNZIO'S LIMITED (REGISTERED NUMBER: 06066503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Nunzio's 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.

The financial statements are presented in Sterling (£). Monetary values in these financial
statements are rounded to the nearest £.

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
In the opinion of the Directors, the current value of goodwill is in excess of the acquisition
cost. Therefore, it is being amortised evenly over its remaining estimated useful life of 20
years from 2017.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.


Page 4 continued...
NUNZIO'S LIMITED (REGISTERED NUMBER: 06066503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

2. ACCOUNTING POLICIES - continued
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.

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 (2019 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019
and 31 March 2020 60,000
AMORTISATION
At 1 April 2019 9,000
Amortisation for year 3,000
At 31 March 2020 12,000
NET BOOK VALUE

At 31 March 2020 48,000
At 31 March 2019 51,000

Page 5 continued...
NUNZIO'S LIMITED (REGISTERED NUMBER: 06066503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 114,983
Additions 7,026
Disposals (1,111 )
Impairments (30,000 )
At 31 March 2020 90,898
DEPRECIATION
At 1 April 2019 22,366
Charge for year 4,723
At 31 March 2020 27,089
NET BOOK VALUE
At 31 March 2020 63,809
At 31 March 2019 92,617

Page 6