REGISTERED NUMBER: 05173933 (England and Wales)

Abbreviated Accounts

for the Year Ended 31st October 2016

for

A. & A. MONTALBANO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Andrea Montalbano

Mr Antonino Montalbano

SECRETARY:

Mr Andrea Montalbano

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

05173933 (England and Wales)

ACCOUNTANTS:

G.H. Attenborough & Co. Ltd.

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Tangible assets

2

-

109,295

CURRENT ASSETS

Stocks

-

20,654

Debtors

12,288

34,037

Cash at bank

83,622

177,125

95,910

231,816

CREDITORS

Amounts falling due within one year

94,512

155,188

NET CURRENT ASSETS

1,398

76,628

TOTAL ASSETS LESS CURRENT LIABILITIES

1,398

185,923

PROVISIONS FOR LIABILITIES

-

21,074

NET ASSETS

1,398

164,849

CAPITAL AND RESERVES

Called up share capital

3

101

101

Profit and loss account

1,297

164,748

SHAREHOLDERS' FUNDS

1,398

164,849

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24th February 2017 and were signed on its behalf by:

Mr Andrea Montalbano - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Glasshouses

-

10% on reducing balance

(2015 only).

Stocks

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

moving items.

(2015 only).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. (2015 only).

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2015

399,865

Disposals

(399,865

)

At 31st October 2016

-

DEPRECIATION

At 1st November 2015

290,570

Eliminated on disposal

(290,570

)

At 31st October 2016

-

NET BOOK VALUE

At 31st October 2016

-

At 31st October 2015

109,295

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/16

31/10/15

value:

£

£

40

Ordinary 'A'

£1

40

40

59

Ordinary 'B'

£1

59

59

1

Ordinary 'C'

£1

1

1

1

Ordinary 'D'

£1

1

1

101

101