Registration number:
for the Year Ended
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG
Artigiano Food Services Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Artigiano Food Services Limited
Company Information
Directors |
Mr S Keough Mr Michael Joseph Hill |
Registered office |
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Accountants |
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Artigiano Food Services Limited
(Registration number: 07362835)
Balance Sheet as at 31 January 2017
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2016 |
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Fixed assets |
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Tangible assets |
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Creditors: Amounts falling due within one year |
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( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
( |
( |
For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Mr Michael Joseph Hill
Director
Artigiano Food Services Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
General information |
The company is a private company limited by share capital incorporated in the United Kingdom.
The address of its registered office is:
The principal place of business is:
33-35 Southernhay East
Exeter
Devon
EX1 1NS
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Leasehold Improvements |
10% straight line |
Plant and machinery |
10% straight line |
Artigiano Food Services Limited
Notes to the Financial Statements for the Year Ended 31 January 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Tangible assets |
Land and buildings |
Other property, plant and equipment |
Tangible assets |
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Cost or valuation |
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At 1 February 2016 |
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At 31 January 2017 |
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Depreciation |
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At 1 February 2016 |
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At 31 January 2017 |
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Carrying amount |
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At 31 January 2017 |
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At 31 January 2016 |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Transition to FRS 102 |