Company Registration No. 09735137 (England and Wales)
ItalSpirits Limited
Unaudited accounts
for the year ended 31 August 2018
ItalSpirits Limited
Unaudited accounts
Contents
ItalSpirits Limited
Company Information
for the year ended 31 August 2018
Company Number
09735137 (England and Wales)
Registered Office
STUDIO 34
65 ALFRED ROAD
LONDON
W2 5EU
ENGLAND
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
ItalSpirits Limited
Statement of financial position
as at 31 August 2018
Tangible assets
3,064
3,525
Cash at bank and in hand
268,401
271,162
Creditors: amounts falling due within one year
(87,382)
(147,478)
Net current assets
233,998
160,921
Net assets
237,062
164,446
Called up share capital
100
100
Profit and loss account
236,962
164,346
Shareholders' funds
237,062
164,446
For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 May 2019.
Giuseppe Gallo
Director
Company Registration No. 09735137
ItalSpirits Limited
Notes to the Accounts
for the year ended 31 August 2018
ItalSpirits Limited is a private company, limited by shares, registered in England and Wales, registration number 09735137. The registered office is STUDIO 34, 65 ALFRED ROAD, LONDON, W2 5EU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
An adjustment to the prior year figures has been processed, that impacts the payables account and retained earnings by £2,712. This was to account for the brought forward inter-company balance, not previously accounted for.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2017
4,700
-
4,700
At 31 August 2018
4,700
756
5,456
At 1 September 2017
1,175
-
1,175
Charge for the year
1,175
42
1,217
At 31 August 2018
2,350
42
2,392
At 31 August 2018
2,350
714
3,064
At 31 August 2017
3,525
-
3,525
ItalSpirits Limited
Notes to the Accounts
for the year ended 31 August 2018
Trade debtors
30,853
25,354
Other debtors
22,126
11,883
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
2,439
14,034
Amounts owed to group undertakings and other participating interests
14,303
7,111
Taxes and social security
34,777
49,382
Other creditors
1,849
31,416
Loans from directors
-
43,335
7
Transactions with related parties
The Other Debtors in note 5 includes a director's loan, that amounts to £18,650.
8
Average number of employees
During the year the average number of employees was 3 (2017: 2).
