Bambino Mio Limited - Limited company - abbreviated - 11.6
Bambino Mio Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015 |
| FOR |
| BAMBINO MIO LIMITED |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 7 |
| BAMBINO MIO LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| SOLICITORS: |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| ABBREVIATED BALANCE SHEET |
| 30 NOVEMBER 2015 |
| 30.11.15 | 30.11.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 NOVEMBER 2015 |
| The financial statements were approved by the director on |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in accordance with applicable accounting standards and under the |
| historical cost convention. The principal accounting policies of the company remain unchanged from the |
| previous period and are set out below. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover is the total amount receivable by the company for goods supplied and services provided, excluding |
| VAT and trade discounts. |
| Intangible fixed assets |
| Purchased goodwill is capitalised and is amortised on a straight line basis over its estimated useful life of 20 |
| years. Negative goodwill is written back to the profit and loss account over 20 years. |
| Trademarks |
| Trademarks will be written off on a straight line basis over their estimated useful economic life of 10 years. |
| Stocks |
| Stocks are stated at the lower of cost and net realisable value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| Additions |
| At 30 November 2015 |
| AMORTISATION |
| At 1 December 2014 |
| Amortisation for year |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| Additions |
| At 30 November 2015 |
| DEPRECIATION |
| At 1 December 2014 |
| Charge for year |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.15 | 30.11.14 |
| value: | £ | £ |
| Ordinary | £1 |
| Redeemable 'A' preference | £1 |
| 10,000 | 110,000 |
| The redeemable 'A' Preference Shares were repaid in full on 29 May 2015. A capital redemption reserve was |
| created which was subsequently released during the year. The coupon paid on the redeemable 'A' Preference |
| Shares during the period was 6%. |
| In previous years the redeemable 'B' Preference Shares of 6% were restated in accordance with FRS 25 and IAS |
| 32 as a liability at the Balance Sheet date. These shares were also repaid in full by 22 January 2015. |
| 6. | RELATED PARTY DISCLOSURES |
| During the year ended 30 November 2015, the company paid Mr G Schanschieff £21,313 (2014 - £20,750) for |
| the rental of business premises. The company also paid £8,078 (2014 - £7,500) for the rental of business |
| premises to the director's pension fund. |
| The company paid £9,525 (2014 - £8,750) for modelling fees during the year to Mr G Schanschieff's children. |
| Included within creditors: amounts falling due within one year is £855 owed to the Director (2014 - £487).This |
| loan is unsecured, interest free and repayable on demand. |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2015 |
| 7. | ULTIMATE CONTROLLING PARTY |
| Mr G J Schanschieff is the ultimate controlling party by virtue of his office and shareholding. |
| BAMBINO MIO LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
| BAMBINO MIO LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2015 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Date: ............................................. |