A & G Caffe Vero Limited - Accounts to registrar - small 17.1.1

A & G Caffe Vero Limited - Accounts to registrar - small 17.1.1

A & G CAFFE VERO LIMITED - Company Information

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REGISTERED NUMBER: 07109401 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

A & G CAFFE VERO LIMITED

A & G CAFFE VERO LIMITED (REGISTERED NUMBER: 07109401)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & G CAFFE VERO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: F Girone
L Caoduro





REGISTERED OFFICE: Unit 22 Private Road 2
Colwick Industrial Estate
Nottingham
Nottinghamshire
NG4 2JR





REGISTERED NUMBER: 07109401 (England and Wales)





ACCOUNTANTS: S Shirtcliffe
668 Woodborough Road
Mapperley
Nottingham
Nottinghamshire
NG3 5FS
Page 1
A & G CAFFE VERO LIMITED (REGISTERED NUMBER: 07109401)

BALANCE SHEET
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,139 70,540

CURRENT ASSETS
Stocks 64,169 33,641
Debtors 5 92,013 71,164
Cash at bank and in hand - 1,635
156,182 106,440
CREDITORS
Amounts falling due within one year 6 120,473 105,693
NET CURRENT ASSETS 35,709 747
TOTAL ASSETS LESS CURRENT
LIABILITIES
92,848
71,287

CREDITORS
Amounts falling due after more than one
year
7
38,789
28,789
NET ASSETS 54,059 42,498

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,959 42,398
SHAREHOLDERS' FUNDS 54,059 42,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
A & G CAFFE VERO LIMITED (REGISTERED NUMBER: 07109401)

BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 September 2017 and were signed on its behalf
by:





L Caoduro - Director


The notes form part of these financial statements

Page 3
A & G CAFFE VERO LIMITED (REGISTERED NUMBER: 07109401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

A & G Caffe Vero 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 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.

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 6 (2015 - 6 ) .

Page 4 continued...
A & G CAFFE VERO LIMITED (REGISTERED NUMBER: 07109401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2016 116,481 2,018 118,499
Additions 899 - 899
At 31 December 2016 117,380 2,018 119,398
DEPRECIATION
At 1 January 2016 46,791 1,168 47,959
Charge for year 14,089 211 14,300
At 31 December 2016 60,880 1,379 62,259
NET BOOK VALUE
At 31 December 2016 56,500 639 57,139
At 31 December 2015 69,690 850 70,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 71,808 60,593
Other debtors 20,205 10,571
92,013 71,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts 17,947 1,703
Trade creditors 58,470 66,804
Taxation and social security 19,996 17,552
Other creditors 24,060 19,634
120,473 105,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Other creditors 38,789 28,789

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Bank overdrafts 17,947 1,703

Page 5 continued...
A & G CAFFE VERO LIMITED (REGISTERED NUMBER: 07109401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,700 (2015 - £39,900) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is F Girone.

Page 6