Caseware UK (AP4) 2016.0.208 2016.0.208 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2017-01-01 07047107 2017-01-01 2017-12-31 07047107 2017-12-31 07047107 2016-12-31 07047107 c:Director1 2017-01-01 2017-12-31 07047107 d:FurnitureFittings 2017-01-01 2017-12-31 07047107 d:FurnitureFittings 2017-12-31 07047107 d:FurnitureFittings 2016-12-31 07047107 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 07047107 d:OfficeEquipment 2017-01-01 2017-12-31 07047107 d:OfficeEquipment 2017-12-31 07047107 d:OfficeEquipment 2016-12-31 07047107 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 07047107 d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 07047107 d:CurrentFinancialInstruments 2017-12-31 07047107 d:CurrentFinancialInstruments 2016-12-31 07047107 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 07047107 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 07047107 d:ShareCapital 2017-12-31 07047107 d:ShareCapital 2016-12-31 07047107 d:RetainedEarningsAccumulatedLosses 2017-12-31 07047107 d:RetainedEarningsAccumulatedLosses 2016-12-31 07047107 c:OrdinaryShareClass1 2017-01-01 2017-12-31 07047107 c:OrdinaryShareClass1 2017-12-31 07047107 c:FRS102 2017-01-01 2017-12-31 07047107 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 07047107 c:FullAccounts 2017-01-01 2017-12-31 07047107 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 07047107 d:EntityControlledByKeyManagementPersonnel1 d:DividendsPaidTransactions 2017-01-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07047107
















A A RUGGERI CONSULTANCY LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2017

































A A RUGGERI CONSULTANCY LIMITED
REGISTERED NUMBER:07047107

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2017

2017
2016
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,667
1,771

  
1,667
1,771

CURRENT ASSETS
  

Debtors
 5 
12,006
14,338

Cash at bank and in hand
  
529,587
492,180

  
541,593
506,518

Creditors: amounts falling due within one year
 6 
(17,860)
(24,542)

NET CURRENT ASSETS
  
 
 
523,733
 
 
481,976

Provisions for liabilities
 7 
(283)
-

NET ASSETS
  
525,117
483,747


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
525,017
483,647

  
525,117
483,747


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Ruggeri
Director

Date: 26 February 2018
The notes on pages 2 to 6 form part of these financial statements.

Page 1


A A RUGGERI CONSULTANCY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1.


GENERAL INFORMATION

A A Ruggeri Limited is a private company, limited by shares and registered in England within the United Kingdom.  The registered number is 07047107 and address of the registered office is 16 Queen Square, Bristol, BS1 4NT.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 2


A A RUGGERI CONSULTANCY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

2.ACCOUNTING POLICIES (continued)

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

  
2.7

PENSIONS

The company contributes to the personal pension schemes of the director and connected persons.

 
2.8

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3


A A RUGGERI CONSULTANCY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

2.ACCOUNTING POLICIES (continued)

 
2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2016: 2).

Page 4


A A RUGGERI CONSULTANCY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

4.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Total

£
£
£



COST


At 1 January 2017
414
6,989
7,403


Additions
-
450
450



At 31 December 2017

414
7,439
7,853



DEPRECIATION


At 1 January 2017
344
5,288
5,632


Charge for the year on owned assets
17
538
555



At 31 December 2017

361
5,826
6,187



NET BOOK VALUE



At 31 December 2017
53
1,613
1,666



At 31 December 2016
70
1,701
1,771


5.


DEBTORS

2017
2016
£
£


Trade debtors
12,006
14,337

12,006
14,337



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017
2016
£
£

Corporation tax
12,378
18,305

Other taxation and social security
258
1,345

Other creditors
1,920
2,612

Accruals and deferred income
3,304
2,280

17,860
24,542


Page 5


A A RUGGERI CONSULTANCY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

7.


DEFERRED TAXATION




2017


£






Charged to profit or loss
283



AT END OF YEAR
283

The deferred taxation balance is made up as follows:

2017
2016
£
£


Accelerated capital allowances
283
-

283
-


8.


SHARE CAPITAL

2017
2016
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary shares of £1 each
100
100


9.


RELATED PARTY TRANSACTIONS

During the year, the director and connected persons received dividends totalling £10,000 (2016: £10,000).

 
Page 6