ACCOUNTS - Final Accounts

SHARE CAPITAL

12 Months to Dec 2016

14 Months
to Dec 2015

SHARES CLASSIFIED AS EQUITY

Registered number: 07047107

A A RUGGERI CONSULTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

These financial statements have not been audited as the company is exempt under s477 of the Companies Act 2006 from the requirement to obtain an audit of its financial statements.

A A RUGGERI CONSULTANCY LIMITED

COMPANY INFORMATION

DIRECTOR	A Ruggeri


REGISTERED NUMBER	07047107


REGISTERED OFFICE	C/O Bishop Fleming LLP
	16 Queen Square
	Bristol
	BS1 4NT


ACCOUNTANTS	Bishop Fleming LLP
	Chartered Accountants
	16 Queen Square
	Bristol
	BS1 4NT

A A RUGGERI CONSULTANCY LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 5

A A RUGGERI CONSULTANCY LIMITED

REGISTERED NUMBER:07047107

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2016

		12 Months to Dec 2016		14 Months to Dec 2015
Note		£		£

FIXED ASSETS
Tangible assets	4		1,771		2,361
			1,771		2,361
CURRENT ASSETS
Debtors		14,338		48,300
Cash at bank and in hand		492,179		376,565
		506,517		424,865
Creditors: amounts falling due within one year		(24,541)		(6,113)
NET CURRENT ASSETS			481,976		418,752
NET ASSETS			483,747		421,113

CAPITAL AND RESERVES
Called up share capital	6	100	100
Profit and loss account		483,647	421,013
		483,747	421,113

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 income statement 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: 25 March 2017

The notes on pages 2 to 5 form part of these financial statements.

Page 1

A A RUGGERI CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	GENERAL INFORMATION

A A Ruggeri Limited is a private limited company, limited by shares, incorporated and registered in England, United Kingdom. Its registered number is 07047107.
The address of the registered office is given in the company information page of these financial statements.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Information on the impact of first-time adoption of FRS102 is given in note 7.

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.

Page 2

A A RUGGERI CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.ACCOUNTING POLICIES (continued)

2.3

TANGIBLE FIXED ASSETS (CONTINUED)

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%
				Office equipment	-	25%

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 Income Statement.

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

FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments 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.

2.6

PENSIONS

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

2.7

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.

2.8

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.

Page 3

A A RUGGERI CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.ACCOUNTING POLICIES (continued)

2.9

TAXATION

Tax is recognised in the Income Statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

·The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

·Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2015: 2).

	4.	TANGIBLE FIXED ASSETS

		Total
		£
	COST OR VALUATION
	At 1 January 2016 and at 31 December 2016	7,403
	DEPRECIATION
	At 1 January 2016	5,042
	Charge for the period on owned assets	590
	At 31 December 2016	5,632
	NET BOOK VALUE
	At 31 December 2016	1,771
	At 31 December 2015	2,361

Page 4

A A RUGGERI CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

5.	FINANCIAL INSTRUMENTS
		12 Months to Dec 2016	14 Months to Dec 2015
		£	£

	FINANCIAL ASSETS
	Financial assets measured at fair value through profit or loss	492,179	376,565

ALLOTTED, CALLED UP AND FULLY PAID

100 Ordinary shares of £1 each	100	100

FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 5