Abbreviated Company Accounts

04895584 ITALY LIVE LTD 2013-09-30 false 2012-10-01 2013-09-30 true 04895584 2012-10-01 2013-09-30 04895584 2013-09-30 04895584 2012-09-30 04895584 uk-gaap-cd-bus:Director1 2012-10-01 2013-09-30 04895584 uk-gaap-cd-bus:Director2 2012-10-01 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-01 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-09-30 iso4217:GBP shares

Registered Number 04895584

ITALY LIVE LTD

Abbreviated Accounts

30 September 2013

ITALY LIVE LTD Registered Number 04895584

Abbreviated Balance Sheet as at 30 September 2013

	Notes	2013	2012
		£	£
Current assets
Debtors	2	57,110	44,809
Cash at bank and in hand		161,351	179,444
		218,461	224,253
Creditors: amounts falling due within one year	3	(158,628)	(156,813)
Net current assets (liabilities)		59,833	67,440
Total assets less current liabilities		59,833	67,440
Total net assets (liabilities)		59,833	67,440
Capital and reserves
Called up share capital	4	20	20
Profit and loss account		59,813	67,420
Shareholders' funds		59,833	67,440

For the year ending 30 September 2013 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 30 June 2014

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 2013

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.

Other accounting policies
Cashflow statement
The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Foreign exchange
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	57,110	44,809

3Creditors

	2013 £	2012 £
Secured Debts	158,628	156,813

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
20 Ordinary shares of £1 each	20	20