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Company registration number: NI071441
Peace Love Ice-Cream Morelli's Ltd
Unaudited filleted financial statements
31 January 2023
Peace Love Ice-Cream Morelli's Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Peace Love Ice-Cream Morelli's Ltd
Directors and other information
Directors Mrs N Morelli
Mrs S Russell Morelli (Resigned 1 October 2022)
Company number NI071441
Registered office 7 Aghermore Court
Portstewart
Co. Londonderry
BT55 7QN
Business address 57 The Promenade
Portstewart
Co. Londonderry
BT55 7AF
Accountant Mark Kilgore & Co.
82 Castle Street
Ballycastle
Co. Antrim
BT54 6AR
Bankers Bank of Ireland
2 The Diamond
Coleraine
Co. Londonderry
BT52 1DE
Peace Love Ice-Cream Morelli's Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Peace Love Ice-Cream Morelli's Ltd
Year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Peace Love Ice-Cream Morelli's Ltd for the year ended 31 January 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of Chartered Accountants Ireland , I am subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Peace Love Ice-Cream Morelli's Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Peace Love Ice-Cream Morelli's Ltd and state those matters that we have agreed to state to the board of directors of Peace Love Ice-Cream Morelli's Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Peace Love Ice-Cream Morelli's Ltd and its board of directors as a body for my work or for this report.
It is your duty to ensure that Peace Love Ice-Cream Morelli's Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Peace Love Ice-Cream Morelli's Ltd. You consider that Peace Love Ice-Cream Morelli's Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Peace Love Ice-Cream Morelli's Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Mark Kilgore & Co.
Chartered Accountants
82 Castle Street
Ballycastle
Co. Antrim
BT54 6AR
24 October 2023
Peace Love Ice-Cream Morelli's Ltd
Statement of financial position
31 January 2023
2023 2022
£ £
Fixed assets 25,026 38,655
_______ _______
Current assets 8,125 20,410
Creditors: amounts falling due within one year ( 37,304) ( 50,862)
_______ _______
Net current liabilities ( 29,179) ( 30,452)
_______ _______
Total assets less current liabilities ( 4,153) 8,203
Accruals and deferred income ( 1,016) ( 932)
_______ _______
Net (liabilities)/assets ( 5,169) 7,271
_______ _______
Capital and reserves ( 5,169) 7,271
_______ _______
Peace Love Ice-Cream Morelli's Ltd
Year ended 31 January 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2022: 13 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs N Morelli 6,536 ( 5,507) 1,029
Mrs S Russell Morelli 6,536 ( 6,536) -
_______ _______ _______
13,072 ( 12,043) 1,029
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs N Morelli 3,820 2,716 6,536
Mrs S Russell Morelli 3,820 2,716 6,536
_______ _______ _______
7,640 5,432 13,072
_______ _______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2023 , and are signed on behalf of the board by:
Mrs N Morelli
Director
Company registration number: NI071441
The company is a private company limited by shares, registered in Northern Ireland.