Il Ponte Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04199046 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

IL PONTE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

A Chiofalo

SECRETARY:

Mrs N Chiofalo

REGISTERED OFFICE:

80/88 High Street

Croydon

Surrey

CR0 1NA

REGISTERED NUMBER:

04199046 (England and Wales)

ACCOUNTANTS:

DS & Co Ltd

DS House

306 High Street

Croydon

Surrey

CR0 1NG

FIXED ASSETS

Tangible assets

2

391,386

427,397

CURRENT ASSETS

Stocks

50,200

25,000

Debtors

140,134

48,989

Cash at bank

62,044

47,741

252,378

121,730

CREDITORS

Amounts falling due within one year

530,122

498,870

NET CURRENT LIABILITIES

(277,744

)

(377,140

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,642

50,257

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

113,542

50,157

SHAREHOLDERS' FUNDS

113,642

50,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 28 July 2014 and were signed by:

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 April 2008).

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.

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

510,594

Additions

33,551

At 31 December 2013

544,145

DEPRECIATION

At 1 January 2013

83,197

Charge for year

69,562

At 31 December 2013

152,759

NET BOOK VALUE

At 31 December 2013

391,386

At 31 December 2012

427,397

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

80

Ordinary

£1

80

80

20

Ordinary A

£1

20

20

100

100

4.	ULTIMATE CONTROLLING PARTY

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 four) 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 2013 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.

DS & Co Ltd

DS House

306 High Street

Croydon

Surrey

CR0 1NG

28 July 2014