Abbreviated Company Accounts

ITALY LIVE LTD Registered Number 04895584

Abbreviated Balance Sheet as at 30 September 2012

	2012	2011
	£	£
Called up share capital not paid	-	-
Fixed assets
Intangible assets	-	-
Tangible assets	-	-
Investments	-	-
	-	-
Current assets
Stocks	-	-
Debtors	44,809	44,317
Investments	-	-
Cash at bank and in hand	179,444	132,522
	224,253	176,839
Prepayments and accrued income	-	-
Creditors: amounts falling due within one year	(156,813)	(77,112)
Net current assets (liabilities)	67,440	99,727
Total assets less current liabilities	67,440	99,727
Creditors: amounts falling due after more than one year	0	0
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	67,440	99,727
Capital and reserves
Called up share capital	20	20
Profit and loss account	67,420	99,707
Shareholders' funds	67,440	99,727

For the year ending 30 September 2012 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 14 June 2013

And signed on their behalf by:
Gary Charles Shepheard, Director

ITALY LIVE LTD Registered Number 04895584

Notes to the Abbreviated Accounts for the period ended 30 September 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value added tax and trade discounts