Company Registration No. 7576200 (England and Wales)
SERGIO MARELLI LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
SERGIO MARELLI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SERGIO MARELLI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,698
2,681
Current assets
Debtors
17,590
11,689
Cash at bank and in hand
91,776
65,985
109,366
77,674
Creditors: amounts falling due within one year
(22,955)
(22,713)
Net current assets
86,411
54,961
Total assets less current liabilities
90,109
57,642
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
90,108
57,641
Shareholders' funds
90,109
57,642
For the financial year ended 28 February 2016 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.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 April 2016
Mr S Marelli
Director
Company Registration No. 7576200
SERGIO MARELLI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
4,882
Additions
2,250
At 28 February 2016
7,132
Depreciation
At 1 March 2015
2,201
Charge for the year
1,233
At 28 February 2016
3,434
Net book value
At 28 February 2016
3,698
At 28 February 2015
2,681
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1