Due Passi Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07610671 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Due Passi Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTORS:

Ms R Pozzi

Mr M Piombanti

SECRETARY:

REGISTERED OFFICE:

46 Church Street

Twickenham

TW1 3NR

REGISTERED NUMBER:

07610671 (England and Wales)

ACCOUNTANTS:

London Corporate Management Ltd.

2nd Floor, Victory House

99-101 Regent Street

London

W1B 4EZ

FIXED ASSETS

Intangible assets

2

3,000

Tangible assets

3

20,431

21,038

23,431

24,038

CURRENT ASSETS

Stocks

1,950

2,820

Debtors

4

2,489

4,018

Cash at bank and in hand

27,352

4,796

31,791

11,634

CREDITORS

Amounts falling due within one year

24,420

17,816

NET CURRENT ASSETS/(LIABILITIES)

7,371

(6,182

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,802

17,856

ACCRUALS AND DEFERRED INCOME

-

259

NET ASSETS

30,802

17,597

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

30,799

17,594

SHAREHOLDERS' FUNDS

30,802

17,597

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 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 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 30 January 2017 and were signed on its behalf by:

Ms R Pozzi - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

3,000

NET BOOK VALUE

At 30 April 2016

3,000

At 30 April 2015

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

25,509

DEPRECIATION

At 1 May 2015

4,471

Charge for year

607

At 30 April 2016

5,078

NET BOOK VALUE

At 30 April 2016

20,431

At 30 April 2015

21,038

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 3 (30.4.15 - £ 3 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

3

Ordinary

£ 1

3

The following reproduces the text of the report prepared for the directors 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.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

London Corporate Management Ltd.

2nd Floor, Victory House

99-101 Regent Street

London

W1B 4EZ

30 January 2017