Il Ponte Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04199046 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

IL PONTE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

Mr A Chiofalo

REGISTERED OFFICE:

80/88 High Street

Croydon

Surrey

CR0 1NA

REGISTERED NUMBER:

04199046 (England and Wales)

ACCOUNTANTS:

D S & Co. Ltd

Chartered Accountants

D S House

306 High Street

Croydon

Surrey

CR0 1NG

FIXED ASSETS

Tangible assets

2

1,133,759

1,143,311

CURRENT ASSETS

Stocks

-

100,414

Debtors

158,994

106,669

Cash at bank

11,012

69,347

170,006

276,430

CREDITORS

Amounts falling due within one year

495,673

594,280

NET CURRENT LIABILITIES

(325,667

)

(317,850

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

808,092

825,461

CREDITORS

Amounts falling due after more than one year

657,808

696,093

NET ASSETS

150,284

129,368

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

150,184

129,268

SHAREHOLDERS' FUNDS

150,284

129,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 14 July 2016 and were signed by:

Mr A Chiofalo - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,368,741

Additions

71,977

At 31 December 2015

1,440,718

DEPRECIATION

At 1 January 2015

225,430

Charge for year

81,529

At 31 December 2015

306,959

NET BOOK VALUE

At 31 December 2015

1,133,759

At 31 December 2014

1,143,311

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

80

Ordinary

£1

80

20

Ordinary A

£1

20

100

4.	ULTIMATE CONTROLLING PARTY

Anselmo Chiofalo, a director, controls the company by virtue of a controlling interest of 100% of the issued Ordinary share

capital.

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 three) 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

Il Ponte Limited for the year ended 31 December 2015 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 director of Il Ponte Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Il Ponte Limited and state those matters that we have agreed to state to the director of Il Ponte Limited 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 director for our work or for this report.

It is your duty to ensure that Il Ponte 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 Il Ponte Limited. You consider that Il Ponte 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 Il Ponte 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.

D S & Co. Ltd

Chartered Accountants

D S House

306 High Street

Croydon

Surrey

CR0 1NG

14 July 2016