Aprile UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05180514 (England and Wales)

APRILE UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Luca Caretto

Giorgio Poggio

Ajandan Arunagiri

REGISTERED OFFICE:

23/27 Nelson House

Moulsham Street

Chelmsford

Essex

CM2 0XQ

REGISTERED NUMBER:

05180514 (England and Wales)

SENIOR STATUTORY AUDITOR:

Graham Stapleton BSc FCA

AUDITORS:

Howard & Stapleton

Statutory Auditor

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

FIXED ASSETS

Tangible assets

4

10,763

10,336

Investments

5

5,442

5,442

16,205

15,778

CURRENT ASSETS

Debtors

6

1,159,952

893,159

Cash at bank

260,804

171,840

1,420,756

1,064,999

CREDITORS

Amounts falling due within one year

7

1,654,285

1,262,669

NET CURRENT LIABILITIES

(233,529

)

(197,670

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(217,324

)

(181,892

)

CAPITAL AND RESERVES

Called up share capital

8

35,000

35,000

Retained earnings

(252,324

)

(216,892

)

SHAREHOLDERS' FUNDS

(217,324

)

(181,892

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2020 and were signed on its behalf by:

Ajandan Arunagiri - Director

Luca Caretto - Director

Giorgio Poggio - Director

1.	STATUTORY INFORMATION

Aprile UK Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

The functional currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total net amounts receivable by the company for services supplied during the

year in the normal course of its business, after deducting trade discounts and value added tax.

Revenue is recognised when the service is carried out. For exports, this is the date of departure of the

customers' goods from the UK. For imports, this is the date the customers' goods have passed through

UK customs and are available for collection or, if the services include delivery of the goods, it is the

date of delivery.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments held as fixed assets are shown at cost less any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Foreign currencies

Transactions in foreign currency are translated in the company's books at either an agreed rate or the

market rate on the day of the transaction. Any differences on settlement are taken to the profit & loss

account as exchange gains or losses.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the

closing rate on the balance sheet date and exchange differences are taken to the profit and loss

account.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2019

23,588

33,725

57,313

Additions

357

6,027

6,384

At 31 December 2019

23,945

39,752

63,697

DEPRECIATION

At 1 January 2019

20,452

26,525

46,977

Charge for year

1,637

4,320

5,957

At 31 December 2019

22,089

30,845

52,934

NET BOOK VALUE

At 31 December 2019

1,856

8,907

10,763

At 31 December 2018

3,136

7,200

10,336

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

5,442

NET BOOK VALUE

At 31 December 2019

5,442

At 31 December 2018

5,442

6.

DEBTORS

31.12.19

31.12.18

£

£

Amounts falling due within one year:

Trade debtors

996,146

662,096

Amounts owed by group

undertakings

57,565

129,274

Other debtors

450

483

VAT

19,295

-

Prepayments and accrued income

69,415

68,486

1,142,871

860,339

Amounts falling due after more than one year:

Other debtors

9,245

32,820

Deferred tax asset

7,836

-

17,081

32,820

Aggregate amounts

1,159,952

893,159

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

690,740

927,802

Amounts owed to group

undertakings

930,442

296,473

Social security and other taxes

9,428

18,422

Accruals and deferred income

23,675

19,972

1,654,285

1,262,669

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

35,000

Ordinary

£1

35,000

35,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Stapleton BSc FCA (Senior Statutory Auditor)

for and on behalf of Howard & Stapleton

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

All material transactions undertaken with non-wholly owned group companies are carried out under

normal market conditions.

11.	PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The parent company is Aprile SpA, whose registered office is at Via Di Francia 28, Genova 16149.

The ultimate parent company is Savino Del Bene SpA, whose registered office is Via del Botteghino,

24/26/28A, 50018 Scandicci (Florence) Italy.