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Unaudited Financial Statements for the Year Ended 31 July 2017 |
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Espresso Internet Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 July 2017 |
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for |
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Espresso Internet Limited |
Espresso Internet Limited (Registered number: 09680083) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Espresso Internet Limited |
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Company Information |
for the Year Ended 31 July 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Audit House |
260 Field End Road |
Eastcote |
Middlesex |
HA4 9LT |
Espresso Internet Limited (Registered number: 09680083) |
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Balance Sheet |
31 July 2017 |
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31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Espresso Internet Limited (Registered number: 09680083) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
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1. | STATUTORY INFORMATION |
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Espresso Internet Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company balance sheet showed net liabilities of £127,898 (2016: £57,699).The financial statements have |
been prepared on a going concern basis, on the assumption of the continuing availability of financial support |
from its creditors. The financial statements do not include any adjustments that would arise from a failure to |
obtain this financial support. |
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Turnover |
Turnover represent invoiced sales of goods and services net of trade discounts. |
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Tangible fixed assets |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. As equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where |
required under Accounting standards, preference shares and related dividends are treated as debt and interest. |
The company's financial instruments comprise borrowings , cash and various items such as trade debtors, trade |
creditors, etc. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Espresso Internet Limited (Registered number: 09680083) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2016 |
and 31 July 2017 |
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DEPRECIATION |
Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | STOCKS |
31.7.17 | 31.7.16 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade debtors |
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Other debtors |
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VAT |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | 13,607 | 13,635 |
Accruals and deferred income |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
Espresso Internet Limited (Registered number: 09680083) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included in creditors is a balance amounting to £13,607 (2016: £13,635) due to the Director R Pasco. |
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10. | RELATED PARTY DISCLOSURES |
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Included in creditors is a balance amounting to £95,732 due to related parties, companies which are controlled |
by parents of R Pasco. |