VINIMPO_(UK)_LIMITED - Accounts

VINIMPO (U.K.) LIMITED - Company Information

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Company Registration No. 03168203 (England and Wales)

VINIMPO (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

VINIMPO (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VINIMPO (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,520

3,360

Current assets

Stocks

18,887

Debtors

953,808

718,730

Cash at bank and in hand

609,303

811,636

1,581,998

1,549,253

Creditors: amounts falling due within one year

(1,445,582)

(1,447,273)

Net current assets

136,416

101,980

Total assets less current liabilities

138,936

105,340

Capital and reserves

Called up share capital

Profit and loss account

138,934

105,338

Shareholders' funds

138,936

105,340

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 19 May 2016

J R A Minerva

Director

Company Registration No. 03168203

VINIMPO (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

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 April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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

Fixtures, fittings & equipment

25% on reducing balance

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 September 2014 & at 31 August 2015

7,780

Depreciation

At 1 September 2014

4,420

Charge for the year

840

At 31 August 2015

5,260

Net book value

At 31 August 2015

2,520

At 31 August 2014

3,360

VINIMPO (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Directors loan

The following advances and credits to a director subsisted during the years ended 31 August 2015 and 31 August 2014:

Mr J R Minerva

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

13,529

39,528

32,357

20,700

13,529

39,528

32,357

20,700

The loan is interest free and has no fixed repayment date.