Karin Salvalaggio Limited - Accounts to registrar - small 17.1.1

Karin Salvalaggio Limited - Accounts to registrar - small 17.1.1

KARIN SALVALAGGIO LIMITED - Company Information

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REGISTERED NUMBER: 08713361 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

KARIN SALVALAGGIO LIMITED

KARIN SALVALAGGIO LIMITED (REGISTERED NUMBER: 08713361)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KARIN SALVALAGGIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: Mrs K L Salvalaggio





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 08713361 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
KARIN SALVALAGGIO LIMITED (REGISTERED NUMBER: 08713361)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111 762

CURRENT ASSETS
Debtors 5 1,765 -
Cash at bank and in hand 31,280 50,581
33,045 50,581
CREDITORS
Amounts falling due within one year 6 33,043 31,319
NET CURRENT ASSETS 2 19,262
TOTAL ASSETS LESS CURRENT
LIABILITIES
113
20,024

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 13 19,924
SHAREHOLDERS' FUNDS 113 20,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 June 2017 and were signed by:





Mrs K L Salvalaggio - Director


The notes form part of these financial statements

Page 2
KARIN SALVALAGGIO LIMITED (REGISTERED NUMBER: 08713361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Karin Salvalaggio Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 33% on cost
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 280 1,680 1,960
DEPRECIATION
At 1 January 2016 185 1,013 1,198
Charge for year 95 556 651
At 31 December 2016 280 1,569 1,849
NET BOOK VALUE
At 31 December 2016 - 111 111
At 31 December 2015 95 667 762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 1,765 -

Page 3 continued...
KARIN SALVALAGGIO LIMITED (REGISTERED NUMBER: 08713361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 768 276
Taxation and social security 766 4,484
Other creditors 31,509 26,559
33,043 31,319

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,300 were paid to the director .

At the balance sheet date, £29,088 (2015: £24,279) was due to Mrs KL Salvalaggio in respect of her director's
current account.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K L Salvalaggio.

10. FIRST YEAR ADOPTION

The policies applied under the entities previous accounting framework are not materially different to FRS 102,
Section 1A and have not impacted on equity or profit and loss for the year.


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