Company Registration No. SC262514 (Scotland)
RISTORANTE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
RISTORANTE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RISTORANTE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
184,440
206,573
Current assets
Stocks
14,500
8,000
Debtors
250,065
232,855
Cash at bank and in hand
6,664
512
271,229
241,367
Creditors: amounts falling due within one year
(471,145)
(446,359)
Net current liabilities
(199,916)
(204,992)
Total assets less current liabilities
(15,476)
1,581
Capital and reserves
Called up share capital
3
400
400
Profit and loss account
(15,876)
1,181
Shareholders' funds
(15,476)
1,581
For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 August 2015
M Lilli
Director
Company Registration No. SC262514
RISTORANTE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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 less estimated residual value of each asset over its expected useful life, as follows:
Improvements to property
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Other assets
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2013
489,001
Additions
2,045
At 30 November 2014
491,046
Depreciation
At 1 December 2013
282,428
Charge for the year
24,178
At 30 November 2014
306,606
Net book value
At 30 November 2014
184,440
At 30 November 2013
206,573
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary "A" Shares of £1 each
100
100
300 Ordinary "B" Shares of £1 each
300
300
400
400
RISTORANTE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 3 -
4
Related party relationships and transactions
Other transactions
At the year end, the company owed £49,910 (2013: Nil) to the directors. This loan is interest free and there are no set dates of repayment.
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