Espressione International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04134046 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Espressione International Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Accountants' Report

8

DIRECTOR:

R A Payman

SECRETARY:

REGISTERED OFFICE:

Flat 1 16 Kidderpore Gardens

London

NW3 7SR

REGISTERED NUMBER:

04134046 (England and Wales)

ACCOUNTANTS:

EHK Consulting

Chartered Accountants

434 Finchley Road

London

NW2 2HY

The director presents his report with the financial statements of the company for the year ended 31 December 2021.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review continued to be the purchase and sale of coffee and coffee machines in the international and UK markets.

DIVIDENDS

No interim dividend was paid during the year. The director recommends a final dividend of 4.17 per share.

The total distribution of dividends for the year ended 31 December 2021 will be £ 1,250 .

DIRECTOR

R A Payman held office during the whole of the period from 1 January 2021 to the date of this report.

ON BEHALF OF THE BOARD:

R A Payman - Director

10 September 2022

FIXED ASSETS

Tangible assets

4

2,366

918

CURRENT ASSETS

Debtors

5

5,775

14,322

Cash at bank and in hand

2,716

1,709

8,491

16,031

CREDITORS

Amounts falling due within one year

6

(3,000

)

(5,472

)

NET CURRENT ASSETS

5,491

10,559

TOTAL ASSETS LESS CURRENT LIABILITIES

7,857

11,477

CREDITORS

Amounts falling due after more than one year

7

(6,833

)

(10,000

)

NET ASSETS

1,024

1,477

CAPITAL AND RESERVES

Called up share capital

8

300

300

Capital redemption reserve

9

700

700

Retained earnings

9

24

477

SHAREHOLDERS' FUNDS

1,024

1,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 10 September 2022 and were signed by:

R A Payman - Director

1.	STATUTORY INFORMATION

Espressione International 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2021

1,430

Additions

2,168

At 31 December 2021

3,598

DEPRECIATION

At 1 January 2021

512

Charge for year

720

At 31 December 2021

1,232

NET BOOK VALUE

At 31 December 2021

2,366

At 31 December 2020

918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

113

7,065

Directors' current accounts

4,743

6,944

VAT

919

313

5,775

14,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

2,000

-

Trade creditors

-

3,568

Tax

-

904

Accrued expenses

1,000

1,000

3,000

5,472

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans - 2-5 years

6,833

10,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

300

Ordinary

1

300

300

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2021

477

700

1,177

Profit for the year

797

797

Dividends

(1,250

)

(1,250

)

At 31 December 2021

24

700

724

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £625 (2020 - £2,000) were paid to the director .

At the year end, the director owed the company £4,743 (2020: £6,944). This amount was repaid nine month after the period end.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Espressione International Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Espressione International Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Espressione International Limited and state those matters that we have agreed to state to the director of Espressione International Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Espressione International Limited and its director for our work or for this report.

It is your duty to ensure that Espressione International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Espressione International Limited. You consider that Espressione International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Espressione International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

EHK Consulting

Chartered Accountants

434 Finchley Road

London

NW2 2HY

Date: .............................................