Arg Maxela UK Ltd - Accounts to registrar (filleted) - small 18.2
Arg Maxela UK Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| ARG MAXELA UK LTD |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ARG MAXELA UK LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| BALANCE SHEET |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| BALANCE SHEET - continued |
| 31 DECEMBER 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 Board of Directors on its behalf by: |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Arg Maxela UK Ltd is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements are presented in sterling which is the functional currency of the company and |
| rounded to the nearest £. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents net sales of food and drink, excluding value added tax and is recognised on a |
| point of sales basis. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Website costs | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment |
| losses. |
| At each reporting date, property, plant and equipment are reviewed to determine whether there is any |
| indication that those assets have suffered an impairment loss. If there is an indication of possible |
| impairment, the recoverable amount of any affected asset is estimated and compared with its carrying |
| amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated |
| recoverable amount, and an impairment loss is recognised immediately in the income statement. |
| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the |
| revised estimate of its recoverable amount, but not in excess of the amount that would have been |
| determined had no impairment loss been recognised for the asset in prior years. A reversal of |
| impairment is recognised immediately in the income statement. |
| Stocks |
| Stocks are valued at the lower of cost and net selling price, after making due provision for wastage and |
| slow moving items. |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the |
| current or past reporting periods using tax rates that have been enacted or substantively enacted by |
| the reporting date. |
| Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax |
| losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
| be recovered against future taxable profits or against the reversal of deferred tax liabilities. |
| Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the |
| reporting date that are expected to apply to the reversal of the timing difference. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the income statement on a straight line basis over |
| the period of the lease. |
| Employee benefits |
| Short term employee benefits, including holiday entitlement and other non-monetary benefits, and |
| contributions to define contribution or personal pension schemes are recognised as an expense in the |
| period in which they are incurred. The company has no further responsibility in respect of those |
| schemes. |
| Cash and cash equivalents |
| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term |
| deposits with an original maturity date of three months or less. |
| Other debtors |
| Other debtors are measured at transaction price less any impairment unless the arrangement |
| constitutes a financing transaction in which case the transaction is measured at the present value of |
| the future receipts discounted at the prevailing market rate of interest. |
| Trade and other creditors |
| Trade and other creditors are measured at their transaction price unless the arrangement constitutes a |
| financing transaction in which case the transaction is measured at present value of future payments |
| discounted at prevailing market rate of interest. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Website |
| leasehold | machinery | fittings | costs | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 5. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Other debtors |
| Aggregate amounts |
| A market rate of interest has been charged on the loan balance between group undertakings. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| ARG MAXELA UK LTD (REGISTERED NUMBER: 07863841) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | RELATED PARTY DISCLOSURES |
| At the year end there is a balance due to the director of £3,490 (2016 - £9,734). This is shown within |
| other creditors. |
| 10. | ULTIMATE PARENT COMPANY |
| Roberto Costa Restaurants Limited (incorporated in England and Wales) is regarded by the directors |
| as being the company's immediate and ultimate parent company. |