Rossi's Ices Limited - Period Ending 2015-09-30

Registration number: 04616079

Rossi's Ices Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Rossi's Ices Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Rossi's Ices Limited
(Registration number: 04616079)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					18,000			21,000
Tangible fixed assets					1,284			1,511
		2			19,284			22,511
Current assets
Stocks					365			1,144
Debtors					5,091			5,133
Cash at bank and in hand					33,523			27,314
					38,979			33,591
Creditors: Amounts falling due within one year					(55,673)			(54,797)
Net current liabilities					(16,694)			(21,206)
Net assets					2,590			1,305
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					2,589			1,304
Shareholders' funds					2,590			1,305

For the year ending 30 September 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 director acknowledges his 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 director on 28 June 2016

Page 1

Rossi's Ices Limited
(Registration number: 04616079)
Abbreviated Balance Sheet at 30 September 2015

F A E Figliolini Director

Page 2

Rossi's Ices Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts derived from the provisions of goods and services falling within the company's ordinary activities, net of value added tax and discounts.

Goodwill

Positive goodwill is capitalised and classified as an asset on the balance sheet. It is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over the expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Depreciation

Depreciation is provided so as to write off the cost during the expected useful life of the asset.

The rate of depreciation is as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% of written down value

Stock

Stock is stated at the lower of cost and net realisable value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Rossi's Ices Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2014		30,000			3,508			33,508
At 30 September 2015		30,000			3,508			33,508
Depreciation
At 1 October 2014		9,000			1,997			10,997
Charge for the year		3,000			227			3,227
At 30 September 2015		12,000			2,224			14,224
Net book value
At 30 September 2015		18,000			1,284			19,284
At 30 September 2014		21,000			1,511			22,511

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A Share of £1 each		1			1			1			1

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