Abbreviated Company Accounts - LEVAGGI ICE CREAM LIMITED

LEVAGGI ICE CREAM LIMITED - Company Information

04395218 LEVAGGI ICE CREAM LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 04395218 2014-09-01 2015-08-31 04395218 2015-08-31 04395218 2014-08-31 04395218 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 04395218 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 04395218

LEVAGGI ICE CREAM LIMITED

Abbreviated Accounts

31 August 2015

LEVAGGI ICE CREAM LIMITED Registered Number 04395218

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,743	10,387
		9,743	10,387
Current assets
Stocks		225	225
Cash at bank and in hand		268	1,817
		493	2,042
Creditors: amounts falling due within one year		(116,981)	(110,301)
Net current assets (liabilities)		(116,488)	(108,259)
Total assets less current liabilities		(106,745)	(97,872)
Total net assets (liabilities)		(106,745)	(97,872)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(106,746)	(97,873)
Shareholders' funds		(106,745)	(97,872)

For the year ending 31 August 2015 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 9 May 2016

And signed on their behalf by:
A E Biondi, Director

LEVAGGI ICE CREAM LIMITED Registered Number 04395218

Notes to the Abbreviated Accounts for the period ended 31 August 2015

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 amounts receivable for the wholesale and retail of ice cream, net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Plant and machinery - 10 % reducing balance
Fixtures, fittings & equipment - 10% reducing balance
Motor vehicles - 10% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 September 2014	34,233
Additions	440
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	34,673
Depreciation
At 1 September 2014	23,846
Charge for the year	1,084
On disposals	-
At 31 August 2015	24,930
Net book values
At 31 August 2015	9,743
At 31 August 2014	10,387

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1