Cavalli Bros Limited - Abbreviated accounts 16.1

Cavalli Bros Limited - Abbreviated accounts 16.1

CAVALLI BROS LIMITED - Company Information

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REGISTERED NUMBER: 05690449 (England and Wales)















CAVALLI BROS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016






CAVALLI BROS LIMITED (REGISTERED NUMBER: 05690449)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

CAVALLI BROS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTORS: G Iesini
D.S. Iesini
Mrs T E T Iesini
Mrs I Iesini





SECRETARY: G Iesini





REGISTERED OFFICE: Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 05690449 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF
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CAVALLI BROS LIMITED (REGISTERED NUMBER: 05690449)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 549,003 587,879

CURRENT ASSETS
Stocks 11,855 13,220
Debtors 138,200 121,861
Cash at bank and in hand 43,500 40,472
193,555 175,553
CREDITORS
Amounts falling due within one year 310,941 281,735
NET CURRENT LIABILITIES (117,386 ) (106,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
431,617
481,697

CREDITORS
Amounts falling due after more than one
year
3
424,233
449,799
NET ASSETS 7,384 31,898

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 6,384 30,898
SHAREHOLDERS' FUNDS 7,384 31,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

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CAVALLI BROS LIMITED (REGISTERED NUMBER: 05690449)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


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 Board of Directors on 31 October 2016 and were signed on its behalf by:





D.S. Iesini - Director


The notes form part of these abbreviated accounts

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CAVALLI BROS LIMITED (REGISTERED NUMBER: 05690449)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


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.

Improvements to property - Nil
Plant and machinery - 25% per annum on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 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.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 1,228,725
Additions 10,159
At 31 January 2016 1,238,884
DEPRECIATION
At 1 February 2015 640,846
Charge for year 49,035
At 31 January 2016 689,881
NET BOOK VALUE
At 31 January 2016 549,003
At 31 January 2015 587,879

-4- continued...
CAVALLI BROS LIMITED (REGISTERED NUMBER: 05690449)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


3. CREDITORS

Creditors include the following debts falling due in more than five years:

2016 2015
£    £   
Repayable by instalments 424,233 449,799

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1 1,000 1,000

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