Company Registration No. 7075574 (England and Wales)
A C & D A Tunesi Limited
Unaudited accounts
for the period from 1 February 2016 to 29 January 2017
A C & D A Tunesi Limited
Unaudited accounts
Contents
A C & D A Tunesi Limited
Company Information
for the period from 1 February 2016 to 29 January 2017
Directors
Debbie Tunesi
Adam Tunesi
Company Number
7075574 (England and Wales)
Registered Office
197 CARDEN AVENUE
BRIGHTON
EAST SUSSEX
BN1 8LE
A C & D A Tunesi Limited
Statement of financial position
as at 29 January 2017
Intangible assets
260,500
293,000
Cash at bank and in hand
31,790
27,814
Creditors: amounts falling due within one year
(208,417)
(256,555)
Net current liabilities
(166,978)
(218,214)
Called up share capital
20
20
Profit and loss account
93,502
74,766
Shareholders' funds
93,522
74,786
For the period ending 29 January 2017 the company was entitled to exemption from audit 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 and delivered 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.
Approved by the Board on 15 June 2017.
Debbie Tunesi
Director
Company Registration No. 7075574
A C & D A Tunesi Limited
Notes to the Accounts
for the period from 1 February 2016 to 29 January 2017
A C & D A Tunesi Limited is a private company, limited by shares, registered in England and Wales, registration number 7075574. The registered office and principal place of business is 197 CARDEN AVENUE, BRIGHTON, EAST SUSSEX, BN1 8LE.
These financial statements are the first financial statements that comply with FRS 102 Section 1A. The date of transition is 26 January 2015. The transition to FRS 102 Section 1A has not resulted in any changes in accounting policies to those used previously.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 15 years based on the strong local longstanding franchisor brand.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets evenly over their estimated useful lives:
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used. Borrowing costs are not capitalised. Where consignment stock is in substance an asset of the company, it is recognised as such on the balance sheet.
3
Intangible fixed assets
Goodwill
At 1 February 2016
488,000
At 29 January 2017
488,000
At 1 February 2016
195,000
Charge for the period
32,500
At 29 January 2017
227,500
At 29 January 2017
260,500
At 31 January 2016
293,000
A C & D A Tunesi Limited
Notes to the Accounts
for the period from 1 February 2016 to 29 January 2017
4
Tangible fixed assets
Plant & machinery
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
4,237
3,752
Other taxes and social security costs
50,926
55,186
Other creditors
1,300
1,300
Loans from directors
151,954
196,317
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
9
Transactions with related parties
The following material transactions with directors and shareholders have not been conducted under normal market conditions:
The loan from the directors for £151,954 is repayable on demand and interest is not being charged to the company.
10
Average number of employees
During the period the average number of employees was 24 (2016: 24).