Italian Cucine Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06849420

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		22,290		27,047

			22,290		27,047
CURRENT ASSETS
Stocks	4	25,000		5,000
Debtors	5	1,596		-
Cash at bank and in hand		1,058		17,038

		27,654		22,038
Creditors: Amounts Falling Due Within One Year	6	(142,200 )		(130,413 )

NET CURRENT ASSETS (LIABILITIES)			(114,546 )		(108,375 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(92,256 )		(81,328 )

Creditors: Amounts Falling Due After More Than One Year	7		(14,900 )		-

NET ASSETS			(107,156 )		(81,328 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and loss account			(107,158 )		(81,330 )

SHAREHOLDERS' FUNDS			(107,156)		(81,328)

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.

On behalf of the board

Mr Drilon Aberia

5th June 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Reducing Balance
Motor Vehicles	25% Reducing Balance

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Tangible Assets


	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2016	19,713	23,030	42,743

As at 31 March 2017	19,713	23,030	42,743

Depreciation
As at 1 April 2016	6,338	9,358	15,696
Provided during the period	1,338	3,419	4,757

As at 31 March 2017	7,676	12,777	20,453

Net Book Value
As at 31 March 2017	12,037	10,253	22,290

As at 1 April 2016	13,375	13,672	27,047

4. Stocks

	2017	2016
	£	£
Stock - finished goods	25,000	5,000

	25,000	5,000

Page 3

Italian Cucine Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

5. Debtors

	2017	2016
	£	£
Due within one year
Prepayments and accrued income	1,500	-
Other taxes and social security	96	-

	1,596	-

6. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Other taxes and social security	-	1,172
VAT	568	3,317
Other creditors	25,000	47,824
Accruals and deferred income	3,200	3,200
Director's loan account	113,432	74,900

	142,200	130,413

7. Creditors: Amounts Falling Due After More Than One Year

	2017	2016
	£	£
Other loans	14,900	-

8. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

9. Ultimate Controlling Party

The company's ultimate controlling party is its director Mr D Aberia by virtue of his ownership of 100% of the issued share capital in the company.