Esposito's in the Park Limited - Accounts to registrar (filleted) - small 18.2

ESPOSITO'S IN THE PARK LIMITED - Company Information

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REGISTERED NUMBER: 10818032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

ESPOSITO'S IN THE PARK LIMITED

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Mrs L Esposito

D O G Esposito

REGISTERED OFFICE:

18 Mulberry Avenue

Widnes

Cheshire

WA8 0WN

REGISTERED NUMBER:

10818032 (England and Wales)

ACCOUNTANTS:

Bramwell Morris

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

FIXED ASSETS

Tangible assets

24,050

29,173

CURRENT ASSETS

Stocks

2,500

Debtors

8,500

9,602

Cash at bank and in hand

44,971

10,397

55,971

22,499

CREDITORS

Amounts falling due within one year

(40,055

)

(33,032

)

NET CURRENT ASSETS/(LIABILITIES)

15,916

(10,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,966

18,640

CREDITORS

Amounts falling due after more than one
year

(7,300

)

(18,450

)

NET ASSETS

32,666

190

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

32,566

SHAREHOLDERS' FUNDS

32,666

190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 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 Income Statement and an abridged Balance Sheet for the year ended 31 January 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2021 and were signed on its behalf by:

D O G Esposito - Director

Mrs L Esposito - Director

1.	STATUTORY INFORMATION

Esposito's in the Park 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2020 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 February 2020

66,607

Additions

2,894

At 31 January 2021

69,501

DEPRECIATION

At 1 February 2020

37,434

Charge for year

8,017

At 31 January 2021

45,451

NET BOOK VALUE

At 31 January 2021

24,050

At 31 January 2020

29,173

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2021 and 31 January 2020:

31.1.21

31.1.20

Mrs L Esposito and D O G Esposito

Balance outstanding at start of year

7,613

3,989

Amounts advanced

3,624

Amounts repaid

(8,532

)

Amounts written off

Amounts waived

Balance outstanding at end of year

(919

)

7,613