Registered Number:04015863 |
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
Scavelli's Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Scavelli's Limited
Statement of Financial Position
2021
2022
Property, plant and equipment |
87,335
79,437
87,335
79,437
361,500
376,243
2
Trade and other receivables |
79,939
123,716
3
19,523
Cash and cash equivalents |
28,855
528,814
460,962
Trade and other payables: amounts falling due within one year |
(316,854)
(209,983)
4
144,108
318,831
Net current assets
Total assets less current liabilities |
406,166
223,545
Trade and other payables: amounts falling due after more than one |
year |
(151,000)
(286,158)
5
(4,589)
(2,567)
Provisions for liabilities |
115,419
Net assets
69,978
100
100
115,319
69,878
115,419
69,978
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2022
Scavelli's Limited
Statement of Financial Position Continued
Mr Vito Scavelli Director |
These financial statements were approved and authorised for issue by the Board on 27 July 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2022
Scavelli's Limited
Notes to the Financial Statements
Statutory Information
Scavelli's Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
04015863. |
Paddock Farm
Sutton Lane
Chesterfield
S44 5UW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that |
there has been a material change in value. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
2021
2022
376,243
361,500
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For the year ended 31 March 2022
Scavelli's Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2021
2022
38,973
2,753
84,743
77,186
79,939
123,716
4. Trade and other payables: amounts falling due within one year |
2021
2022
117,053
255,106
60,851
4,396
Taxation and social security |
1,298
11,854
30,781
45,498
209,983
316,854
5. Trade and other payables: amounts falling due after more than one year |
2021
2022
282,620
151,000
3,538
-
286,158
151,000
6. Average number of persons employed |
During the year the average number of employees was 1 (2021 : 1)
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