Abbreviated Company Accounts - LITTLE ITALY (SPILSBY) LIMITED

LITTLE ITALY (SPILSBY) LIMITED - Company Information

04449204 LITTLE ITALY (SPILSBY) LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 04449204 2013-09-01 2014-08-31 04449204 2014-08-31 04449204 2013-08-31 04449204 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 04449204 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 04449204

LITTLE ITALY (SPILSBY) LIMITED

Abbreviated Accounts

31 August 2014

LITTLE ITALY (SPILSBY) LIMITED Registered Number 04449204

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,278	3,856
		3,278	3,856
Current assets
Stocks		2,850	2,320
Debtors		48,210	48,230
Cash at bank and in hand		-	509
		51,060	51,059
Creditors: amounts falling due within one year		(14,074)	(10,892)
Net current assets (liabilities)		36,986	40,167
Total assets less current liabilities		40,264	44,023
Creditors: amounts falling due after more than one year		(22,725)	(13,958)
Total net assets (liabilities)		17,539	30,065
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		16,539	29,065
Shareholders' funds		17,539	30,065

For the year ending 31 August 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 May 2015

And signed on their behalf by:
Mr S Alayej, Director

LITTLE ITALY (SPILSBY) LIMITED Registered Number 04449204

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation , less any estimated residual value, over their expected useful economic life as follows:

Fixtures, fittings and equipment - 15% reducing balance and 33% straight line basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated value, over their expected useful economic life as follows:

Goodwill - straight line basis over 5 years

2Tangible fixed assets

	£
Cost
At 1 September 2013	19,531
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	19,531
Depreciation
At 1 September 2013	15,675
Charge for the year	578
On disposals	-
At 31 August 2014	16,253
Net book values
At 31 August 2014	3,278
At 31 August 2013	3,856

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000