Maestro Calabrese International Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04770743 (England and Wales)

MAESTRO CALABRESE INTERNATIONAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

S A Calabrese

S M Calabrese

SECRETARY:

S M Calabrese

REGISTERED OFFICE:

24 Leadale Avenue

Chingford

London

E4 8AT

REGISTERED NUMBER:

04770743 (England and Wales)

ACCOUNTANTS:

John Crook & Partners

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Intangible assets

2

6,797

9,643

Tangible assets

3

21,445

28,925

28,242

38,568

CURRENT ASSETS

Debtors

1,659

34,146

Cash at bank and in hand

241,605

172,043

243,264

206,189

CREDITORS

Amounts falling due within one year

41,610

42,089

NET CURRENT ASSETS

201,654

164,100

TOTAL ASSETS LESS CURRENT
LIABILITIES

229,896

202,668

PROVISIONS FOR LIABILITIES

768

1,625

NET ASSETS

229,128

201,043

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

229,028

200,943

SHAREHOLDERS' FUNDS

229,128

201,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 23 February 2017 and were signed on its
behalf by:

S A Calabrese - Director

S M Calabrese - 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 is the amount receivable by the company for goods supplied and services provided.

Patents and licenses

Patent Rights are being amortised on a straight line basis over ten years.

Website

Website costs are being amortised on a straight line basis over five years.

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

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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 June 2015

and 31 May 2016

20,002

AMORTISATION

At 1 June 2015

10,359

Amortisation for year

2,846

At 31 May 2016

13,205

NET BOOK VALUE

At 31 May 2016

6,797

At 31 May 2015

9,643

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

43,732

DEPRECIATION

At 1 June 2015

14,807

Charge for year

7,480

At 31 May 2016

22,287

NET BOOK VALUE

At 31 May 2016

21,445

At 31 May 2015

28,925

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100