| VA PENSIERO D'ITALIA LIMITED |
| Registered Number |
| 04451745 |
| Abbreviated Balance Sheet |
| As at 31 July 2014 |
|
|
Notes |
|
|
2014 |
|
|
2013 |
|
|
|
|
£ |
|
|
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
23,018 |
|
|
19,780 |
|
| Current assets |
| Stocks |
|
|
9,201 |
|
|
9,989 |
| Debtors |
|
|
89,346 |
|
|
78,866 |
| Cash at bank and in hand |
|
|
103,638 |
|
|
89,100 |
|
|
|
202,185 |
|
|
177,955 |
|
| Creditors: amounts falling due within one year |
|
|
(215,526) |
|
|
(190,759) |
|
| Net current liabilities |
|
|
|
(13,341) |
|
|
(12,804) |
|
| Net assets |
|
|
|
9,677 |
|
|
6,976 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
9,667 |
|
|
6,966 |
|
| Shareholders' funds |
|
|
|
9,677 |
|
|
6,976 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr P Toserkani |
| Director |
| Approved by the board on 30 April 2015 |
|
|
|
| Mr M Makhmalchi |
| Director |
|
|
|
| Mr S Rezai |
| Director |
|
| VA PENSIERO D'ITALIA LIMITED |
| Notes to the Abbreviated Accounts |
| For the year ended 31 July 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The unaudited accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Intangible fixed assets and amortisation |
|
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separate net assets. It is amortised to profit and loss account over its estimated life of ten years. |
|
|
Tangible fixed assets and depreciation |
|
Tangible fixed assets are stated at cost less depreciation. 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: |
|
|
Furniture, fixtures, fittings & equipment |
25% reducing balance |
|
|
Stocks and work in progress |
|
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2013 |
500,000 |
|
At 31 July 2014 |
500,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2013 |
500,000 |
|
At 31 July 2014 |
500,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2013 |
146,750 |
|
Additions |
10,911 |
|
At 31 July 2014 |
157,661 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2013 |
126,970 |
|
Charge for the year |
7,673 |
|
At 31 July 2014 |
134,643 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
23,018 |
|
At 1 August 2013 |
19,780 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
|
|
value |
|
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
10 |
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|
