Bambino Mio Limited - Accounts to registrar (filleted) - small 17.3
Bambino Mio Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| FOR |
| BAMBINO MIO LIMITED |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BAMBINO MIO LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2a Chequers Court |
| Huntingdon |
| Cambridgeshire |
| PE29 3LJ |
| SOLICITORS: |
| Nene House |
| 4 Rushmills |
| Northampton |
| NN4 7YB |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| BALANCE SHEET |
| 30 NOVEMBER 2017 |
| 30.11.17 | 30.11.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| BALANCE SHEET - continued |
| 30 NOVEMBER 2017 |
| 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 |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Bambino Mio Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and |
| have remained unchanged from the previous year, and have also been consistently applied within the same |
| accounts. |
| Compliance with accounting standards |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Smaller |
| Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and |
| Republic of Ireland" and the Companies Act 2006. |
| There were no material departures from that standard. |
| Transition to FRS 102 |
| These financial statements for the year ended 30 November 2017 are the first financial statements that comply |
| with FRS 102 Section 1A small entities. The date of transition is 1 December 2015. |
| The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting |
| policies to those used previously, however there has been no material impact on the financial statements. |
| First year adoption |
| The company has adopted FRS 102 for the first time in the year ended 30 November 2016. |
| The effect of the transition from the previous financial reporting framework to FRS 102 has been considered. |
| There has been no material impact in relation to the following: |
| - changes in accounting policies. |
| - changes in shareholders funds. |
| - comparative year profit or loss. |
| On that basis, no restatement has been undertaken. |
| Turnover |
| Turnover is the total amount receivable by the company for goods supplied and services provided, excluding |
| VAT and trade discounts. |
| Intangible fixed assets |
| Purchased goodwill is capitalised and is amortised on a straight line basis over its estimated useful life of 20 |
| years. Negative goodwill is written back to the profit and loss account over 20 years. |
| Trademarks |
| Trademarks will be written off on a straight line basis over their estimated useful economic life of 10 years. |
| Stocks |
| Stocks are stated at the lower of cost and net realisable value. |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 November 2017 |
| AMORTISATION |
| At 1 December 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Computer |
| property | machinery | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Within one year |
| Between one and five years |
| BAMBINO MIO LIMITED (REGISTERED NUMBER: 03364441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Bank overdrafts | 279,281 | 184,002 |
| The Bank overdrafts are secured by a fixed and floating charge over all the assets and undertakings of the |
| company. |
| 10. | PROVISIONS FOR LIABILITIES |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Deferred tax | 16,915 | 6,797 |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2016 |
| Accelerated capital allowances | 10,118 |
| Balance at 30 November 2017 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.17 | 30.11.16 |
| value: | £ | £ |
| Ordinary | £1 | 10,000 | 10,000 |
| 12. | RELATED PARTY DISCLOSURES |
| During the year ended 30 November 2017, the company paid Mr G Schanschieff £21,500 (2016 - £21,500) for |
| the rental of business premises. The company also paid £20,000 (2016 - £14,906) for the rental of business |
| premises to the director's pension fund. |
| Included within creditors: amounts falling due within one year is £107 owed to the Director (2016 - £624).This |
| loan is unsecured, interest free and repayable on demand. |
| 13. | ULTIMATE CONTROLLING PARTY |
| Mr G J Schanschieff is the ultimate controlling party by virtue of his office and shareholding. |