Registered number
07506714
I CALABRESI LTD.
Filleted Accounts
31 January 2023
I CALABRESI LTD.
Registered number: 07506714
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 677 826
Current assets
Cash at bank and in hand 14,165 18,815
Creditors: amounts falling due within one year 4 (11,457) (15,606)
Net current assets 2,708 3,209
Net assets 3,385 4,035
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,384 4,034
Shareholder's funds 3,385 4,035
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Antonio Pipicella
Director
Approved by the board on 2 October 2023
I CALABRESI LTD.
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 18% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 February 2022 10,231
At 31 January 2023 10,231
Depreciation
At 1 February 2022 9,405
Charge for the year 149
At 31 January 2023 9,554
Net book value
At 31 January 2023 677
At 31 January 2022 826
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director current account 9,417 13,093
Taxation and social security costs 960 1,433
Other creditors 1,080 1,080
11,457 15,606
5 Other information
I CALABRESI LTD. is a private company limited by shares and incorporated in England. Its registered office is:
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