false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2016-08-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
66,799
5,511
22,266
27,777
39,022
61,288
xbrli:pure
xbrli:shares
iso4217:GBP
07330657
2016-08-01
2017-07-31
07330657
2017-07-31
07330657
2016-07-31
07330657
2015-08-01
2016-07-31
07330657
2016-07-31
07330657
core:MotorVehicles
2016-08-01
2017-07-31
07330657
bus:LeadAgentIfApplicable
2016-08-01
2017-07-31
07330657
bus:Director1
2016-08-01
2017-07-31
07330657
core:MotorVehicles
2016-07-31
07330657
core:MotorVehicles
2017-07-31
07330657
core:WithinOneYear
2017-07-31
07330657
core:WithinOneYear
2016-07-31
07330657
core:AfterOneYear
2017-07-31
07330657
core:AfterOneYear
2016-07-31
07330657
core:ShareCapital
2017-07-31
07330657
core:ShareCapital
2016-07-31
07330657
core:RetainedEarningsAccumulatedLosses
2017-07-31
07330657
core:RetainedEarningsAccumulatedLosses
2016-07-31
07330657
core:MotorVehicles
2016-07-31
07330657
bus:FRS102
2016-08-01
2017-07-31
07330657
bus:AuditExemptWithAccountantsReport
2016-08-01
2017-07-31
07330657
bus:FullAccounts
2016-08-01
2017-07-31
07330657
bus:SmallCompaniesRegimeForAccounts
2016-08-01
2017-07-31
07330657
bus:PrivateLimitedCompanyLtd
2016-08-01
2017-07-31
07330657
core:AfterOneYear
2016-08-01
2017-07-31
COMPANY REGISTRATION NUMBER:
07330657
Filleted Unaudited Financial Statements
|
|
Year ended 31 July 2017
Statement of financial position
|
1 to 2
|
|
|
Notes to the financial statements
|
3 to 5
|
|
|
The following pages do not form part of the financial statements
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
|
7
|
|
|
Statement of Financial Position
|
|
31 July 2017
Fixed assets
Tangible assets
|
5
|
|
39,022
|
|
61,288
|
|
|
|
|
|
|
Current assets
Debtors
|
6
|
323,940
|
|
523,216
|
|
Investments
|
7
|
100,000
|
|
100,000
|
|
Cash at bank and in hand
|
31,513
|
|
88,168
|
|
|
---------
|
|
---------
|
|
|
455,453
|
|
711,384
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
106,630
|
|
191,151
|
|
|
---------
|
|
---------
|
|
Net current assets
|
|
348,823
|
|
520,233
|
|
|
---------
|
|
---------
|
Total assets less current liabilities
|
|
387,845
|
|
581,521
|
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
9
|
|
25,068
|
|
39,171
|
|
|
---------
|
|
---------
|
Net assets
|
|
362,777
|
|
542,350
|
|
|
---------
|
|
---------
|
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
1
|
|
1
|
Profit and loss account
|
|
362,776
|
|
542,349
|
|
|
---------
|
|
---------
|
Shareholders funds
|
|
362,777
|
|
542,350
|
|
|
---------
|
|
---------
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued)
|
|
31 July 2017
These financial statements were approved by the
board of directors
and authorised for issue on
27 April 2018
, and are signed on behalf of the board by:
Company registration number:
07330657
Notes to the Financial Statements
|
|
Year ended 31 July 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at 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 to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles
|
-
|
33% straight line
|
|
|
|
|
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
1
).
5.
Tangible assets
|
Motor vehicles
|
|
£
|
Cost
|
|
At 1 August 2016 and 31 July 2017
|
66,799
|
|
--------
|
Depreciation
|
|
At 1 August 2016
|
5,511
|
Charge for the year
|
22,266
|
|
--------
|
At 31 July 2017
|
27,777
|
|
--------
|
Carrying amount
|
|
At 31 July 2017
|
39,022
|
|
--------
|
At 31 July 2016
|
61,288
|
|
--------
|
|
|
6.
Debtors
|
2017
|
2016
|
|
£
|
£
|
Trade debtors
|
365
|
–
|
Other debtors
|
323,575
|
523,216
|
|
---------
|
---------
|
|
323,940
|
523,216
|
|
---------
|
---------
|
|
|
|
7.
Investments
|
2017
|
2016
|
|
£
|
£
|
Other investments
|
100,000
|
100,000
|
|
---------
|
---------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2017
|
2016
|
|
£
|
£
|
Trade creditors
|
818
|
13,750
|
Corporation tax
|
80,076
|
159,438
|
Social security and other taxes
|
5,758
|
610
|
Other creditors
|
19,978
|
17,353
|
|
---------
|
---------
|
|
106,630
|
191,151
|
|
---------
|
---------
|
|
|
|
Included within the liabilities disclosed above under other creditors is an amount of £14,103 (2016: £14,103) for which security over the assets to which the liability relates has been given.
9.
Creditors:
amounts falling due after more than one year
|
2017
|
2016
|
|
£
|
£
|
Other creditors
|
25,068
|
39,171
|
|
--------
|
--------
|
|
|
|
Included within the liabilities disclosed above under other creditors is an amount of £25,068 (2016: £39,171) for which security over the assets to which the liability relates has been given.
10.
Director's advances, credits and guarantees
During the year the company made advances to and received repayments from the director. Interest has been charged at the official HMRC rate on any overdrawn balances.
|
|
2017 |
2016 |
|
|
£ |
£ |
|
Advances |
308,972 |
933,457 |
|
Repayments |
511,000 |
442,080 |
|
Amounts due to the company |
284,953 |
486,981 |
|
|
|
|
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 August 2015.
No transitional adjustments were required in equity or profit or loss for the year.
Year ended 31 July 2017
The following pages do not form part of the financial statements.
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Andrea Atzeni Limited
|
|
Year ended 31 July 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andrea Atzeni Limited for the year ended 31 July 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Andrea Atzeni Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Andrea Atzeni Limited and state those matters that we have agreed to state you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to to anyone other than Andrea Atzeni Limited and its director for our work or for this report.
It is your duty to ensure that Andrea Atzeni Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andrea Atzeni Limited. You consider that Andrea Atzeni Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Andrea Atzeni Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
STREETS
Chartered Accountants
3 Wellbrook Court
Girton
Cambridge
CB3 0NA
27 April 2018