Claudio Silvestrin Architects Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03557498 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

CLAUDIO SILVESTRIN ARCHITECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C P Silvestrin

SECRETARY:

G Salmaso

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

03557498 (England and Wales)

ACCOUNTANTS:

Barber & Company

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

2

15,103

918,662

CURRENT ASSETS

Stocks

-

7,367

Debtors

114,539

85,411

Cash at bank and in hand

100,602

24,394

215,141

117,172

CREDITORS

Amounts falling due within one year

165,934

392,702

NET CURRENT ASSETS/(LIABILITIES)

49,207

(275,530

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

64,310

643,132

CREDITORS

Amounts falling due after more than one
year

-

626,450

NET ASSETS

64,310

16,682

CAPITAL AND RESERVES

Called up share capital

3

195

Share premium

299,975

Profit and loss account

(235,860

)

(283,488

)

SHAREHOLDERS' FUNDS

64,310

16,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 1 November 2016 and were signed by:

C P Silvestrin - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is maintaining its banking facilities and despite the losses it is in the opinion of the director still a

going concern with the ongoing support of the bankers and creditors. The Accounts have accordingly been drawn

up on the going concern basis.

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 amounts receivable in respect of fees receivable, 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 property

-

2% on cost

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 May 2015

1,630,530

Additions

4,705

Disposals

(1,579,951

)

At 30 April 2016

55,284

DEPRECIATION

At 1 May 2015

711,868

Charge for year

2,665

Eliminated on disposal

(674,352

)

At 30 April 2016

40,181

NET BOOK VALUE

At 30 April 2016

15,103

At 30 April 2015

918,662

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

195

Ordinary

£1

195

4.	CONTROLLING PARTY

Throughout the year, the company was under the control of Mr C P Silvestrin, its Managing Director and

majority shareholder.