Besana International Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09600103 (England and Wales)

BESANA INTERNATIONAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Calcagni

REGISTERED OFFICE:

Enterprise House

2 The Crest

London

NW4 2HN

REGISTERED NUMBER:

09600103 (England and Wales)

ACCOUNTANT:

DICKER ECONOMOU & CO

Chartered Certified Accountants

Enterprise House

2 The Crest

Hendon

London

NW4 2HN

FIXED ASSETS

Intangible assets

3

82,587

67,050

Tangible assets

4

2,652

3,536

Investments

5

2,808

47,808

88,047

118,394

CURRENT ASSETS

Stocks

318,700

-

Debtors

6

238,178

145,010

Cash at bank and in hand

33,634

151,540

590,512

296,550

CREDITORS

Amounts falling due within one year

7

680,893

426,219

NET CURRENT LIABILITIES

(90,381

)

(129,669

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,334

)

(11,275

)

CAPITAL AND RESERVES

Called up share capital

8

152

152

Retained earnings

(2,486

)

(11,427

)

SHAREHOLDERS' FUNDS

(2,334

)

(11,275

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 19 February 2018 and were signed by:

Mr G Calcagni - Director

1.	STATUTORY INFORMATION

BESANA INTERNATIONAL 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Know how are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Know how and licences

Know how and licences is amortised over the estimated life of the asset of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

3.	INTANGIBLE FIXED ASSETS

Development

Know how

costs

Totals

£

£

£

COST

At 1 June 2016

73,145

-

73,145

Additions

-

37,020

37,020

At 31 May 2017

73,145

37,020

110,165

AMORTISATION

At 1 June 2016

6,095

-

6,095

Amortisation for year

9,143

12,340

21,483

At 31 May 2017

15,238

12,340

27,578

NET BOOK VALUE

At 31 May 2017

57,907

24,680

82,587

At 31 May 2016

67,050

-

67,050

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 June 2016

and 31 May 2017

3,690

DEPRECIATION

At 1 June 2016

154

Charge for year

884

At 31 May 2017

1,038

NET BOOK VALUE

At 31 May 2017

2,652

At 31 May 2016

3,536

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 June 2016

and 31 May 2017

1,871

45,937

47,808

PROVISIONS

Provision for year

-

45,000

45,000

At 31 May 2017

-

45,000

45,000

NET BOOK VALUE

At 31 May 2017

1,871

937

2,808

At 31 May 2016

1,871

45,937

47,808

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

132,630

9,937

Amounts owed by group undertakings

103,198

103,198

Other debtors

2,350

-

Prepayments and accrued income

-

31,875

238,178

145,010

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

301,861

26,897

Tax

4,516

-

Other creditors

53

53

Directors' current accounts

372,643

344,036

Accruals and deferred income

1,820

55,233

680,893

426,219

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

1,000

Ordinary

10p

100

100

516

Ordinary A

10p

52

52

152

152