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2018-01-01
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04335785
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uk-core:LeaseholdImprovements
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uk-bus:PrivateLimitedCompanyLtd
2019-01-01
2019-08-31
| Italia Conti Arts Centre Limited |
| Registered Number:04335785 |
For the period ended 31 August 2019
England and Wales
Unaudited Financial Statements
2
For the period ended 31 August 2019
Italia Conti Arts Centre Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Italia Conti Arts Centre Limited
Statement of Financial Position
2018
2019
| Property, plant and equipment |
59,822
49,195
2
59,822
49,195
1,090
11,856
3
| Trade and other receivables |
260,094
502,576
4
122,029
| Cash and cash equivalents |
202,230
716,662
383,213
| Trade and other payables: amounts falling due within one |
| year |
(335,203)
(583,896)
5
48,010
132,766
Net current assets
| Total assets less current liabilities |
192,588
97,205
(11,366)
(9,347)
| Provisions for liabilities |
181,222
Net assets
87,858
1
1
181,221
87,857
181,222
87,858
Shareholders' funds
| For the period ended 31 August 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mrs Hayley Newton-Jarvis Director |
| These financial statements were approved and authorised for issue by the Board on 27 August 2020 and were signed by: |
| The notes form part of these financial statements |
1 of 4
4
For the period ended 31 August 2019
Italia Conti Arts Centre Limited
Notes to the Financial Statements
Statutory Information
| Italia Conti Arts Centre Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 04335785. |
221 Epsom Road
Merrow
Guildford
Surrey
GU1 2RE
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold improvements:Leased
| term of lease: Straight line |
Plant and Machinery
Furniture and Fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Change of Company Year End
| The company year was shortened to an eight-month period, ending 31 August 2019. The prior period ended on 31 |
| December 2018. Therefore, the comparative figures are not entirely comparable. |
2 of 4
5
For the period ended 31 August 2019
Italia Conti Arts Centre Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
| Leasehold |
| improvements |
| :Leased |
167,207
57,348
59,716
50,143
24,188
24,188
-
-
(4,010)
-
-
(4,010)
50,143
59,716
77,526
187,385
| Provision for depreciation and impairment |
118,012
11,470
58,549
47,993
Charge for period
9,551
8,057
777
717
127,563
19,527
59,326
48,710
1,433
390
57,999
59,822
2,150
1,167
45,878
49,195
2018
2019
11,856
1,090
| 4. Trade and other receivables |
2018
2019
429,768
228,355
| Prepayments and accrued income |
43,347
26,000
| Taxation and social security |
1,315
-
28,146
5,739
260,094
502,576
3 of 4
6
For the period ended 31 August 2019
Italia Conti Arts Centre Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2018
2019
334,304
64,123
| Taxation and social security |
23,615
13,780
| Accruals and deferred income |
201,358
245,417
24,619
11,883
583,896
335,203
| 6. Guarantees and other financial commitments |
| At 31 August 2019 the company had annual commitments under non-cancellable operating leases as set out below: |
2018
2019
| Operating leases which expire: |
-
22,080
103,000
152,000
152,000
125,080
| The total financial lease commitments of the company until expiry of all leases by December 2022 is £481,918 (2018 |
| £626,918). |
| 7. Average number of persons employed |
During the year the average number of employees was 14 (2018 : 12)
4 of 4
