Coloni Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03880595 (England and Wales)

COLONI LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Coloni Limited for the year ended 31 December 2013 which comprise the Profit and Loss

Account, the 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Coloni Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coloni

Limited and state those matters that we have agreed to state to the Board of Directors of Coloni Limited, as a body, in

this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our

work or for this report.

It is your duty to ensure that Coloni 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 Coloni Limited. You

consider that Coloni 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 Coloni 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.

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

24 September 2014

Page

Chartered Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

94,650

87,261

CURRENT ASSETS

Debtors

136,930

90,448

Cash at bank and in hand

176,555

236,037

313,485

326,485

CREDITORS

Amounts falling due within one year

285,488

291,478

NET CURRENT ASSETS

27,997

35,007

TOTAL ASSETS LESS CURRENT LIABILITIES

122,647

122,268

CAPITAL AND RESERVES

Called up share capital

3

67

67

Capital redemption reserve

33

33

Profit and loss account

122,547

122,168

SHAREHOLDERS' FUNDS

122,647

122,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 September 2014 and were signed on its behalf by:

Mr C Leach - Director

1.	ACCOUNTING POLICIES

Basis of accounting

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 represents net sales during the year (excluding value added tax) adjusted for accrued and deferred

income where applicable.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Fixtures and fittings

15% straight line

Computer equipment

25% straight line

Motor vehicles

25% straight line

Fixed assets

All fixed assets are initially recorded at cost.

Taxation

The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax is provided in full on temporary differences which arise between the carrying value of an asset or

liability and its tax base. Deferred tax assets are recognised to the extent that it is probable that there will be

sufficient profits in the future to enable the assets to be utilised. Deferred tax assets and liabilities are not

discounted.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised

when paid.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

147,690

Additions

52,664

Disposals

(8,152

)

At 31 December 2013

192,202

DEPRECIATION

At 1 January 2013

60,429

Charge for year

43,085

Eliminated on disposal

(5,962

)

At 31 December 2013

97,552

NET BOOK VALUE

At 31 December 2013

94,650

At 31 December 2012

87,261

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

67

Ordinary

£1

67

67

4.	ULTIMATE CONTROLLING PARTY

During the year the company was under the control of Mr C Bull and Mr C Leach, the directors of the company.