Nonno Joes Limited - Period Ending 2016-03-31

Registration number: 08433815 (England and Wales)
 

Nonno Joes Limited

trading as Nonno Joes

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

C M Chamberlain & Co Limited
3A Market Place
Hitchin
Hertfordshire
SG5 1DR

Nonno Joes Limited
trading as Nonno Joes
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Nonno Joes Limited
trading as Nonno Joes
(Registration number: 08433815)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					11,685			15,415
Current assets
Debtors					924			924
Cash at bank and in hand					891			1,576
					1,815			2,500
Creditors: Amounts falling due within one year					(20,881)			(20,145)
Net current liabilities					(19,066)			(17,645)
Total assets less current liabilities					(7,381)			(2,230)
Creditors: Amounts falling due after more than one year					(19,800)			(19,800)
Net liabilities					(27,181)			(22,030)
Capital and reserves
Called up share capital		3			951			851
Profit and loss account					(28,132)			(22,881)
Shareholders' deficit					(27,181)			(22,030)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the Board on 18 November 2016 and signed on its behalf by:

.........................................
Mr Andrew Michael Weller
Chairman

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Nonno Joes Limited
trading as Nonno Joes
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	20% straight line
Fixtures and Fittings	20% straight line
Other tangible fixed assets	25% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Nonno Joes Limited
trading as Nonno Joes
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		19,404			19,404
Additions		421			421
At 31 March 2016		19,825			19,825
Depreciation
At 1 April 2015		3,989			3,989
Charge for the year		4,151			4,151
At 31 March 2016		8,140			8,140
Net book value
At 31 March 2016		11,685			11,685
At 31 March 2015		15,415			15,415

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		951			951			851			851

New shares allotted

During the year 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

Page 3