Besana International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09600103 (England and Wales)

BESANA INTERNATIONAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

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

61,104

82,587

Tangible assets

4

1,989

2,652

Investments

5

1,871

2,808

64,964

88,047

CURRENT ASSETS

Stocks

923,940

318,700

Debtors

6

984,093

238,178

Cash at bank and in hand

33,583

33,634

1,941,616

590,512

CREDITORS

Amounts falling due within one year

7

1,361,238

680,893

NET CURRENT ASSETS/(LIABILITIES)

580,378

(90,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

645,342

(2,334

)

CREDITORS

Amounts falling due after more than one year

8

581,811

-

NET ASSETS/(LIABILITIES)

63,531

(2,334

)

CAPITAL AND RESERVES

Called up share capital

9

152

152

Retained earnings

63,379

(2,486

)

SHAREHOLDERS' FUNDS

63,531

(2,334

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 7 November 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.

Know how and licences

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

Development costs

Development costs is amortised over the estimated life of the asset of three 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 2017

and 31 May 2018

73,145

37,020

110,165

AMORTISATION

At 1 June 2017

15,238

12,340

27,578

Amortisation for year

9,143

12,340

21,483

At 31 May 2018

24,381

24,680

49,061

NET BOOK VALUE

At 31 May 2018

48,764

12,340

61,104

At 31 May 2017

57,907

24,680

82,587

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 June 2017

and 31 May 2018

3,690

DEPRECIATION

At 1 June 2017

1,038

Charge for year

663

At 31 May 2018

1,701

NET BOOK VALUE

At 31 May 2018

1,989

At 31 May 2017

2,652

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 June 2017

and 31 May 2018

1,871

45,937

47,808

PROVISIONS

At 1 June 2017

-

45,000

45,000

Provision for year

-

937

937

At 31 May 2018

-

45,937

45,937

NET BOOK VALUE

At 31 May 2018

1,871

-

1,871

At 31 May 2017

1,871

937

2,808

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

624,137

132,630

Amounts owed by group undertakings

349,956

103,198

Other debtors

10,000

2,350

984,093

238,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

623,641

301,861

Corporation tax

15,813

4,516

Other creditors

-

53

Directors' current accounts

719,404

372,643

Accruals and deferred income

2,380

1,820

1,361,238

680,893

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.18

31.5.17

£

£

Other loans - 1-2 years

116,640

-

Other loans more 5yrs non-inst

465,171

-

581,811

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

465,171

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.18

31.5.17

value:

£

£

1,000

Ordinary

10p

100

100

516

Ordinary A

10p

52

52

152

152