Del Buono Gazerwitz Europe Limited,Ltd - Accounts

DEL BUONO GAZERWITZ EUROPE LIMITED - Company Information

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Del Buono Gazerwitz Europe Limited

For the year ended 31 August 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08658794

Contents Page

Del Buono Gazerwitz Europe Limited

For the year ended 31 August 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Del Buono Gazerwitz Europe Limited

As at 31 August 2016

08658794

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

1,457

1,619

1,457

1,619

Current assets

Stocks

10,750

975

Debtors

5,303

67,243

Cash at bank and in hand

40,770

42,096

108,988

58,149

Creditors: amounts falling due within one year

(57,734)

(74,961)

415

34,027

Net current assets

Total assets less current liabilities

35,484

2,034

35,484

Net assets

2,034

Capital and reserves

Called up share capital

Profit and loss account

35,481

2,031

35,484

2,034

Shareholders funds

For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 29 March 2017

Mr Tommaso Del Buono Director

Signed on behalf of the board of directors

Mr Paul Gazerwitz Director

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Notes to the Abbreviated Financial Statements

Del Buono Gazerwitz Europe Limited

For the year ended 31 August 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

10% Reducing balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

1,799

At 01 September 2015

At 31 August 2016

1,799

Depreciation

180

At 01 September 2015

162

Charge for year

342

At 31 August 2016

Net book values

At 31 August 2016

1,457

1,619

At 31 August 2015

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Notes to the Abbreviated Financial Statements

Del Buono Gazerwitz Europe Limited

For the year ended 31 August 2016

3 Share capital

Allotted called up and fully paid

2016

2015

3 Ordinary shares of £1.00 each

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