Accounts filed on 30-09-2016

Accounts filed on 30-09-2016

ONCE MILANO LTD - Company Information

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077460982015-10-012016-09-30falsetruehttp://www.companieshouse.gov.uk/2015-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2015-09-30http://www.companieshouse.gov.uk/cd:Director12015-10-012016-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2016-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2015-10-012016-09-30http://www.companieshouse.gov.uk/2014-10-012015-09-30http://www.companieshouse.gov.uk/2015-10-012016-09-30http://www.companieshouse.gov.uk/2015-09-30http://www.companieshouse.gov.uk/2016-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07746098
Once Milano Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/09/2016
Once Milano Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/09/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07746098
Once Milano Limited
Registered Number: 07746098
BALANCE SHEET AT 30/09/2016
20162015
Notes££
FIXED ASSETS
Tangible assets22,5093,364
CURRENT ASSETS
Stock-21,000
Debtors (amounts falling due within one year)364,36342,203
Cash at bank and in hand8,568-
72,93163,203
CREDITORS: Amounts falling due within one year137,55186,492
NET CURRENT LIABILITIES(64,620)(23,289)
TOTAL ASSETS LESS CURRENT LIABILITIES(62,111)(19,925)
CAPITAL AND RESERVES
Called up share capital422
Share premium account180,000180,000
Profit and loss account(242,113)(199,927)
SHAREHOLDERS' FUNDS(62,111)(19,925)
For the year ending 30/09/2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 15/03/2017 and signed on their behalf by
V Piovesana
Director
Once Milano Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery %
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/10/20154,6594,659
At 30/09/20164,6594,659
Depreciation
At 01/10/20151,2951,295
For the year855855
At 30/09/20162,1502,150
Net Book Amounts
At 30/09/20162,5092,509
At 30/09/20153,3643,364
Once Milano Limited
3. DEBTORS 20162015
££
Amounts falling due within one year:
Trade debtors38,7773,613
VAT496-
Other debtors25,09038,590
64,36342,203
4. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
22