SANTUCCI_AND_CO_LIMITED - Accounts

SANTUCCI AND CO LIMITED - Company Information

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Company Registration No. 03886784 (England and Wales)

SANTUCCI AND CO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

SANTUCCI AND CO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

SANTUCCI AND CO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

13,597

14,602

Investments

102

13,699

14,704

Current assets

Debtors

432,083

722,453

Cash at bank and in hand

189

41,468

432,272

763,921

Creditors: amounts falling due within one year

(209,339)

(97,336)

Net current assets

222,933

666,585

Total assets less current liabilities

236,632

681,289

Capital and reserves

Called up share capital

Profit and loss account

236,628

681,285

Shareholders' funds

236,632

681,289

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 August 2016

Marco Santucci

Director

Company Registration No. 03886784

SANTUCCI AND CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents net invoiced sales of services, excluding value added tax and is recognised on a contractual due date basis.

1.4

Tangible fixed assets and depreciation

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:

Office equipment

33% reducing balance

Fixtures & Fittings

15% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

SANTUCCI AND CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 December 2014

72,611

102

72,713

Additions

2,401

At 30 November 2015

75,012

102

75,114

Depreciation

At 1 December 2014

58,009

Charge for the year

3,406

At 30 November 2015

61,415

Net book value

At 30 November 2015

13,597

102

13,699

At 30 November 2014

14,602

102

14,704

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Elaine Constantine Limited

England & Wales

Ordinary

100.00

Stubborn Heart Productions Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Elaine Constantine Limited

Fashion photography

Stubborn Heart Productions Limited

Motion picture and video production

(363,261)

(18,237)

SANTUCCI AND CO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

4 Ordinary Shares of £1 each

Transactions with directors

Amount outstanding

Maximum

2015

2014

in year

Director's current account

52,560

132,331

During the year, the company paid £128,807 in expenses on behalf of the directors and the directors paid £54,059 in expenses on behalf of the company. At the end of the year, the directors were owed £22,187 by the company (2014 - £52,560 was owed to the company).