12 false false false false false false false false false false true false false false false false false No description of principal activity 2021-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,827 457 456 913 914 1,370 xbrli:pure xbrli:shares iso4217:GBP 12958573 2021-11-01 2022-10-30 12958573 2022-10-30 12958573 2021-10-31 12958573 2020-10-19 2021-10-31 12958573 2021-10-31 12958573 2020-10-18 12958573 core:FurnitureFittings 2021-11-01 2022-10-30 12958573 bus:Director1 2021-11-01 2022-10-30 12958573 core:FurnitureFittings 2021-10-31 12958573 core:FurnitureFittings 2022-10-30 12958573 core:WithinOneYear 2022-10-30 12958573 core:WithinOneYear 2021-10-31 12958573 core:UKTax 2020-10-19 2021-10-31 12958573 core:ShareCapital 2022-10-30 12958573 core:ShareCapital 2021-10-31 12958573 core:RetainedEarningsAccumulatedLosses 2022-10-30 12958573 core:RetainedEarningsAccumulatedLosses 2021-10-31 12958573 core:FurnitureFittings 2021-10-31 12958573 bus:SmallEntities 2021-11-01 2022-10-30 12958573 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-30 12958573 bus:SmallCompaniesRegimeForAccounts 2021-11-01 2022-10-30 12958573 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-30 12958573 bus:FullAccounts 2021-11-01 2022-10-30
COMPANY REGISTRATION NUMBER: 12958573
SANDRINO CONTINENTAL LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 October 2022
SANDRINO CONTINENTAL LTD
STATEMENT OF FINANCIAL POSITION
30 October 2022
30 Oct 22
31 Oct 21
Note
£
£
£
FIXED ASSETS
Tangible assets
6
914
1,370
CURRENT ASSETS
Stocks
4,000
3,285
Debtors
7
5,750
1,034
Cash at bank and in hand
889
19,381
--------
--------
10,639
23,700
CREDITORS: amounts falling due within one year
8
( 28,154)
( 11,155)
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 17,515)
12,545
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 16,601)
13,915
PROVISIONS
( 105)
( 105)
--------
--------
NET (LIABILITIES)/ASSETS
( 16,706)
13,810
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 16,707)
13,809
--------
--------
SHAREHOLDERS (DEFICIT)/FUNDS
( 16,706)
13,810
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SANDRINO CONTINENTAL LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 October 2022
These financial statements were approved by the board of directors and authorised for issue on 19 October 2023 , and are signed on behalf of the board by:
A Doro
Director
Company registration number: 12958573
SANDRINO CONTINENTAL LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 NOVEMBER 2021 TO 30 OCTOBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pasta Romagna, 26 Albion Place, Leeds, LS1 6JS, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 12 (2021: 6 ).
5. TAX ON (LOSS)/PROFIT
Major components of tax expense
Period from
Period from
1 Nov 21 to
19 Oct 20 to
30 Oct 22
31 Oct 21
£
£
Current tax:
UK current tax expense
3,646
Deferred tax:
Origination and reversal of timing differences
105
----
-------
Tax on (loss)/profit
3,751
----
-------
6. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 November 2021 and 30 October 2022
1,827
-------
Depreciation
At 1 November 2021
457
Charge for the period
456
-------
At 30 October 2022
913
-------
Carrying amount
At 30 October 2022
914
-------
At 31 October 2021
1,370
-------
7. DEBTORS
30 Oct 22
31 Oct 21
£
£
Other debtors
5,750
1,034
-------
-------
8. CREDITORS: amounts falling due within one year
30 Oct 22
31 Oct 21
£
£
Corporation tax
3,647
3,645
Social security and other taxes
19,357
3,297
Other creditors
5,150
4,213
--------
--------
28,154
11,155
--------
--------