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REGISTERED NUMBER: 07528638 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

CONVERTINI & CO LTD

CONVERTINI & CO LTD (REGISTERED NUMBER: 07528638)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONVERTINI & CO LTD

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTORS: R Convertini
Ms N Gudanich





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 07528638 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
Chartered Accountants
19 North Street
Ashford
Kent
TN24 8LF

CONVERTINI & CO LTD (REGISTERED NUMBER: 07528638)

BALANCE SHEET
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,240 27,635

CURRENT ASSETS
Cash at bank 625,194 452,776

CREDITORS
Amounts falling due within one year 5 453,732 388,430
NET CURRENT ASSETS 171,462 64,346
TOTAL ASSETS LESS CURRENT LIABILITIES 190,702 91,981

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,602 91,881
SHAREHOLDERS' FUNDS 190,702 91,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





R Convertini - Director


CONVERTINI & CO LTD (REGISTERED NUMBER: 07528638)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Convertini & Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

CONVERTINI & CO LTD (REGISTERED NUMBER: 07528638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 38,000 46,134 84,134
Additions - 550 550
At 31 March 2022 38,000 46,684 84,684
DEPRECIATION
At 1 April 2021 30,400 26,099 56,499
Charge for year 3,800 5,145 8,945
At 31 March 2022 34,200 31,244 65,444
NET BOOK VALUE
At 31 March 2022 3,800 15,440 19,240
At 31 March 2021 7,600 20,035 27,635

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts - 1,200
Trade creditors 5,384 1
Taxation and social security 54,855 18,357
Other creditors 393,493 368,872
453,732 388,430