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Company Registration No. 11725303 (England and Wales)
NOSTRANO LIMITED Unaudited accounts for the year ended 31 December 2022
NOSTRANO LIMITED Unaudited accounts Contents
Page
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NOSTRANO LIMITED Company Information for the year ended 31 December 2022
Director
Anny Nicolette Polito
Company Number
11725303 (England and Wales)
Registered Office
12E MANOR ROAD LONDON N16 5SA ENGLAND
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 12E Manor Road London N16 5SA
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NOSTRANO LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
9,752 
5,000 
Cash at bank and in hand
199,727 
169,672 
209,479 
174,672 
Creditors: amounts falling due within one year
(119,814)
(117,717)
Net current assets
89,665 
56,955 
Total assets less current liabilities
89,665 
56,955 
Creditors: amounts falling due after more than one year
- 
(10,000)
Net assets
89,665 
46,955 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
89,663 
46,953 
Shareholders' funds
89,665 
46,955 
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2023 and were signed on its behalf by
Anny Nicolette Polito Director Company Registration No. 11725303
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NOSTRANO LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
NOSTRANO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11725303. The registered office is 12E MANOR ROAD, LONDON, N16 5SA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
21,223 
3,229 
Trade creditors
14,904 
39,881 
Taxes and social security
23,831 
18,109 
Loans from directors
56,929 
53,549 
Accruals
2,927 
2,949 
119,814 
117,717 
5
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
- 
10,000 
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NOSTRANO LIMITED Notes to the Accounts for the year ended 31 December 2022
6
Transactions with related parties
At the balance sheet date, where the director held controlling interests, the company owed the director £56,929.
7
Controlling party
The company's ultimate controlling party is Mrs Anny Nicolette Polito by virtue of her ownership of the majority of the issued share capital in the company
8
Average number of employees
During the year the average number of employees was 7 (2021: 7).
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