Da Spago Limited - Accounts to registrar (filleted) - small 17.3
Da Spago Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2017 |
| for |
| Da Spago Limited |
| Da Spago Limited (Registered number: 06883154) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Da Spago Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Southgate House |
| 59 Magdalen Street |
| Exeter |
| Devon |
| EX2 4HY |
| Da Spago Limited (Registered number: 06883154) |
| Balance Sheet |
| 30 April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered. |
| The financial statements were approved by the director on |
| Da Spago Limited (Registered number: 06883154) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Da Spago 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 directors have assessed going concern and consider that there are no material uncertainties which may |
| cast significant doubt about the company's ability to continue. As a result, the financial statements have been |
| prepared using the going concern basis of accounting. |
| Turnover |
| Turnover represents sales derived from the principal activity of the company. Turnover is stated after excluding |
| discounts, rebates and Value Added Tax. |
| Tangible fixed assets |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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. |
| Government grants |
| A grant is recognised in income when the grant income is received (or receivable) provide that the terms of the |
| grant do not impose future performance related conditions. If the terms of the grant do impose performance |
| related conditions on the recipient, the grant is only recognised in income when the performance related |
| conditions are met. Any grants that are received before the review recognition criteria are met are recognised |
| within deferred income in creditors within 1 year. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Da Spago Limited (Registered number: 06883154) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| Additions |
| At 30 April 2017 |
| DEPRECIATION |
| Charge for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade debtors |
| Directors' loan accounts | 27,440 | 5,959 |
| Tax |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade creditors |
| Corporation Tax |
| Other creditors |
| Accrued expenses |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2017 and |
| 30 April 2016: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The loan was charged interest at the official rate of 3%. The loan is repayable on demand. |