Esposito Caffes Ltd Small abbreviated accounts

ESPOSITO CAFFES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 09425145

ESPOSITO CAFFES LTD

ABBREVIATED ACCOUNTS

31 January 2016

BRAMWELL MORRIS

Chartered Accountants

18 Mulberry Avenue

Turnstone Business Park

Widnes

Cheshire

WA8 0WN

ESPOSITO CAFFES LTD

ABBREVIATED BALANCE SHEET

31 January 2016

	2016
Note	£	£
FIXED ASSETS	2
Tangible assets		18,122

CURRENT ASSETS

Stocks	1,000
Debtors	1,992
Cash at bank and in hand	11,946
	---------
	14,938
CREDITORS: Amounts falling due within one year	11,082
	---------
NET CURRENT ASSETS		3,856
		---------
TOTAL ASSETS LESS CURRENT LIABILITIES		21,978

CREDITORS: Amounts falling due after more than one year		12,667
		---------
		9,311
		---------

CAPITAL AND RESERVES

Called up equity share capital	3		100
Profit and loss account		9,211
		-------
SHAREHOLDERS' FUNDS		9,311
		-------

For the year ended 31 January 2016 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 accounts for the year in question in accordance with section 476; and

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

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 22 July 2016 , and are signed on their behalf by:

Mr D Esposito Director

Company Registration Number: 09425145

ESPOSITO CAFFES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 JANUARY 2016

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 January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Catering Equipment- 25% Reducing Balance

Fixtures & Fittings- 25% Reducing Balance

Office Equipment- 25% 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

2. FIXED ASSETS

	Tangible Assets
	£

COST

Additions	24,163
	---------
At 31 January 2016	24,163
	---------

DEPRECIATION

Charge for year	6,041
	-------
At 31 January 2016	6,041
	-------

NET BOOK VALUE

At 31 January 2016	18,122
	---------

At 31 January 2015	–
	---------

3. SHARE CAPITAL

Allotted, called up and fully paid:

No.	£
Ordinary shares of £ 1 each	100	100
	----	----