VINIMPO_(UK)_LIMITED - Accounts


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
1
Notes to the abbreviated accounts
2 - 3
VINIMPO (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,890
2,520
Current assets
Stocks
18,887
18,887
Debtors
3
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
4
2
2
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 -
1
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.
2
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 -
3
Debtors
Debtors include an amount of £35,172 (2015 - £-) which is due after more than one year.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2Ordinary shares of £1 each
2
2
5
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.

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