Abbreviated Company Accounts - IL GUSTO SPIRITS LTD

IL GUSTO SPIRITS LTD - Company Information

06770884 IL GUSTO SPIRITS LTD 2014-12-31 false 2014-01-01 2014-12-31 true 06770884 2014-01-01 2014-12-31 06770884 2014-12-31 06770884 2013-12-31 06770884 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06770884 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06770884

IL GUSTO SPIRITS LTD

Abbreviated Accounts

31 December 2014

IL GUSTO SPIRITS LTD Registered Number 06770884

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	148,623	124,663
		148,623	124,663
Current assets
Stocks		398,284	309,312
Debtors		775,886	597,898
Cash at bank and in hand		47,260	134,041
		1,221,430	1,041,251
Net current assets (liabilities)		1,221,430	1,041,251
Total assets less current liabilities		1,370,053	1,165,914
Creditors: amounts falling due after more than one year		(1,224,683)	(1,047,769)
Total net assets (liabilities)		145,370	118,145
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		145,369	118,144
Shareholders' funds		145,370	118,145

For the year ending 31 December 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 29 September 2015

And signed on their behalf by:
R MOSCONI, Director

IL GUSTO SPIRITS LTD Registered Number 06770884

Notes to the Abbreviated Accounts for the period ended 31 December 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2014	205,445
Additions	73,501
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	278,946
Depreciation
At 1 January 2014	80,782
Charge for the year	49,541
On disposals	-
At 31 December 2014	130,323
Net book values
At 31 December 2014	148,623
At 31 December 2013	124,663

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

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