VINIMPO_(UK)_LIMITED - Accounts

VINIMPO (U.K.) LIMITED - Company Information

Print Friendly Version

Company Registration No. 03168203 (England and Wales)

VINIMPO (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

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 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,890

2,520

Current assets

Stocks

18,887

Debtors

919,496

953,808

Cash at bank and in hand

385,502

609,303

1,323,885

1,581,998

Creditors: amounts falling due within one year

(1,292,516)

(1,445,582)

Net current assets

31,369

136,416

Total assets less current liabilities

33,259

138,936

Capital and reserves

Called up share capital

Profit and loss account

33,257

138,934

Shareholders' funds

33,259

138,936

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 25 August 2017

J R A Minerva

Director

Company Registration No. 03168203

VINIMPO (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 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 January 2015).

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 2015 & at 31 August 2016

7,780

Depreciation

At 1 September 2015

5,260

Charge for the year

630

At 31 August 2016

5,890

Net book value

At 31 August 2016

1,890

At 31 August 2015

2,520

VINIMPO (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Debtors

Debtors include an amount of £35,172 (2015 - £-) which is due after more than one year.

Share capital

2016

2015

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 2016 and 31 August 2015:

Mr J R Minerva

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

20,700

54,233

32,535

42,398

20,700

54,233

32,535

42,398

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