Company Registration No. 11865563 (England and Wales)
Tredici Rustico Limited
Unaudited accounts
for the year ended 31 March 2021
Tredici Rustico Limited
Unaudited accounts
Contents
Tredici Rustico Limited
Company Information
for the year ended 31 March 2021
Directors
SK Jowitt
M Chuka
Company Number
11865563 (England and Wales)
Registered Office
15 Abbetgate
Grimsby
North East Lincolnshire
DN31 1JY
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Tredici Rustico Limited
Statement of financial position
as at 31 March 2021
Intangible assets
36,000
40,500
Tangible assets
10,594
14,542
Cash at bank and in hand
39,879
17,951
Creditors: amounts falling due within one year
(84,526)
(68,084)
Net current liabilities
(43,560)
(49,383)
Called up share capital
2
2
Profit and loss account
3,032
5,657
Shareholders' funds
3,034
5,659
For the year ending 31 March 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2021 and were signed on its behalf by
SK Jowitt
Director
Company Registration No. 11865563
Tredici Rustico Limited
Notes to the Accounts
for the year ended 31 March 2021
Tredici Rustico Limited is a private company, limited by shares, registered in England and Wales, registration number 11865563. The registered office is 15 Abbetgate, Grimsby, North East Lincolnshire, DN31 1JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tredici Rustico Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2020
14,389
5,000
19,389
At 31 March 2021
14,389
5,000
19,389
At 1 April 2020
3,597
1,250
4,847
Charge for the year
2,698
1,250
3,948
At 31 March 2021
6,295
2,500
8,795
At 31 March 2021
8,094
2,500
10,594
At 31 March 2020
10,792
3,750
14,542
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
8,567
2,330
Other creditors
3,705
3,150
Loans from directors
72,254
62,604
8
Average number of employees
During the year the average number of employees was 8 (2020: 13).
