IL FORNO LIMITED

IL FORNO LIMITED

IL FORNO LIMITED - Company Information

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IL FORNO LIMITED

Company Registration Number:
05077446 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

IL FORNO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

IL FORNO LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 33,593 46,728
Total fixed assets: 33,593 46,728
Current assets
Stocks: 15,177 13,689
Debtors:   76,607 39,929
Cash at bank and in hand: 37,211 44,744
Total current assets: 128,995 98,362
Creditors: amounts falling due within one year:   (471,091) (418,517)
Net current assets (liabilities): (342,096) (320,155)
Total assets less current liabilities: (308,503) (273,427)
Creditors: amounts falling due after more than one year:   (20,000)
Total net assets (liabilities): (328,503) (273,427)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (328,603) (273,527)
Shareholders funds: (328,503) (273,427)

The notes form part of these financial statements

IL FORNO LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 November 2020
and signed on behalf of the board by:

Name: P Cillo
Status: Director

The notes form part of these financial statements

IL FORNO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

IL FORNO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 47 44

IL FORNO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 1,776,762
Additions 8,801
At 31 December 2019 1,785,563
Depreciation
At 01 January 2019 1,730,034
Charge for year 21,936
At 31 December 2019 1,751,970
Net book value
At 31 December 2019 33,593
At 31 December 2018 46,728

IL FORNO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Related party transactions

Name of the related party: SAPPORO TEPPANYAKI LIMITED
Relationship:
Common Shareholders
Description of the Transaction: Loans received for working capital purposes
£
Balance at 01 January 2019 87,536
Balance at 31 December 2019 87,536
Name of the related party: SAPPORO TEPPANYAKI (GLASGOW) LIMITED
Relationship:
Common Shareholders
Description of the Transaction: Funds repaid in respect of working capital
£
Balance at 01 January 2019 10,536
Balance at 31 December 2019 10,536
Name of the related party: SAPPORO TEPPANYAKI (MANCHESTER) LIMITED
Relationship:
Common Shareholders
Description of the Transaction: Loans received for working capital purposes
£
Balance at 01 January 2019 14,061
Balance at 31 December 2019 14,061
Name of the related party: SAPPORO TEPPANYAKI LIMITED
Relationship:
Common Shareholders
Description of the Transaction: Loans received for working capital purposes
£
Balance at 01 January 2019 19,405
Balance at 31 December 2019 19,405