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DI CARLO LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023






DI CARLO LIMITED (REGISTERED NUMBER: 07494372)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DI CARLO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: A Di Carlo





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 07494372 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

DI CARLO LIMITED (REGISTERED NUMBER: 07494372)

BALANCE SHEET
31ST JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,510 2,764

CURRENT ASSETS
Stocks 323 750
Debtors 6 5,000 5,000
Cash at bank and in hand 8,183 6,854
13,506 12,604
CREDITORS
Amounts falling due within one year 7 10,293 8,088
NET CURRENT ASSETS 3,213 4,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,723

7,280

CREDITORS
Amounts falling due after more than one
year

8

(4,669

)

(6,635

)

PROVISIONS FOR LIABILITIES (477 ) (525 )
NET ASSETS 577 120

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 576 119
SHAREHOLDERS' FUNDS 577 120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DI CARLO LIMITED (REGISTERED NUMBER: 07494372)

BALANCE SHEET - continued
31ST JANUARY 2023


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 director and authorised for issue on 31st July 2023 and were signed by:





A Di Carlo - Director


DI CARLO LIMITED (REGISTERED NUMBER: 07494372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Di Carlo Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DI CARLO LIMITED (REGISTERED NUMBER: 07494372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st February 2022 1,804 8,967 2,759 1,402 14,932
Disposals - - - (82 ) (82 )
At 31st January 2023 1,804 8,967 2,759 1,320 14,850
DEPRECIATION
At 1st February 2022 - 8,474 2,615 1,079 12,168
Charge for year - 123 36 76 235
Eliminated on disposal - - - (63 ) (63 )
At 31st January 2023 - 8,597 2,651 1,092 12,340
NET BOOK VALUE
At 31st January 2023 1,804 370 108 228 2,510
At 31st January 2022 1,804 493 144 323 2,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 5,000 5,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 2,165 2,200
Tax 155 1,180
Social security and other taxes 634 909
Pensions 213 82
VAT 2,929 -
Other creditors 2,978 2,978
Directors' current accounts 758 757
Accrued expenses 461 (18 )
10,293 8,088

DI CARLO LIMITED (REGISTERED NUMBER: 07494372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 2,165 2,200
Bank loans - 2-5 years 2,504 4,435
4,669 6,635

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £758 (2022 - £757) to A Di Carlo, the director and shareholder of the company. The loan was interest free and repayable on demand.