Accounts filed on 31-12-2017


ACCOUNTS
FOR THE YEAR ENDED 31/12/2017





DIRECTORS
Karen Hughes
Beatriz Poletto
Gilberto Poletto


REGISTERED OFFICE
1 college yard
56 winchester Avenue
London
NW6 7UA


COMPANY DETAILS
registered in , registered number 08019048



ACCOUNTANTS
Vertice Italy Ltd
Accountancy & Consultancy
1 college yard
56 Winchester Avenue
London
NW6 7UA


ACCOUNTS
FOR THEYEARENDED31/12/2017



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		871		1,054

CURRENT ASSETS
Stock		160,750		199,662
Debtors	4	4,444		8,799
Cash at bank and in hand		77,863		44,345
		243,057		252,806
CREDITORS: Amounts falling due within one year	5	264,270		238,134
NET CURRENT (LIABILITIES) / ASSETS			(21,213)		14,672
TOTAL ASSETS LESS CURRENT LIABILITIES			(20,342)		15,726

CAPITAL AND RESERVES

Called up share capital	7		1,000		1,000
Profit and loss account			(21,342)		14,726
SHAREHOLDERS' FUNDS			(20,342)		15,726

For the year ending 31/12/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 26/04/2018 and signed on their behalf by



.............................
Karen Hughes
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	4,444	8,799
	4,444	8,799




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	-	739
Directors current account	45,000	45,000
Trade creditors	219,270	192,395
	264,270	238,134

Other Creditors: money the directors lent to the business




7. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £10 each	1000	1000
	1,000	1,000