SCUDERIA ALPHA AUTOMOBILI LTD

Company Registration Number:
10193358 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

SCUDERIA ALPHA AUTOMOBILI LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SCUDERIA ALPHA AUTOMOBILI LTD

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal activities of the company

Buying and selling of motorcars.



Directors

The director shown below has held office during the whole of the period from
1 June 2022 to 31 May 2023

Richard Pawson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 November 2023

And signed on behalf of the board by:
Name: Richard Pawson
Status: Director

SCUDERIA ALPHA AUTOMOBILI LTD

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 3,455,918 2,882,021
Cost of sales: ( 3,264,850 ) ( 2,726,543 )
Gross profit(or loss): 191,068 155,478
Administrative expenses: ( 80,612 ) ( 64,479 )
Operating profit(or loss): 110,456 90,999
Profit(or loss) before tax: 110,456 90,999
Tax: ( 20,986 ) ( 17,290 )
Profit(or loss) for the financial year: 89,470 73,709

SCUDERIA ALPHA AUTOMOBILI LTD

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,052 3,814
Total fixed assets: 3,052 3,814
Current assets
Stocks: 4 486,000 192,000
Cash at bank and in hand: 59,846 49,170
Total current assets: 545,846 241,170
Prepayments and accrued income: 235,207
Creditors: amounts falling due within one year: 5 ( 20,763 )
Net current assets (liabilities): 545,846 455,614
Total assets less current liabilities: 548,898 459,428
Total net assets (liabilities): 548,898 459,428
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 548,798 459,328
Total Shareholders' funds: 548,898 459,428

The notes form part of these financial statements

SCUDERIA ALPHA AUTOMOBILI LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 8 November 2023
and signed on behalf of the board by:

Name: Richard Pawson
Status: Director

The notes form part of these financial statements

SCUDERIA ALPHA AUTOMOBILI LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net ofdiscounts and value-added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover from the sale of goods is recognised when thesignificant risks and rewards of ownership of the goods have been transferred to the buyer. Turnoverfrom the rendering of services is recognised by reference to the stage of completion of thecontract. The stage of completion of a contract is measured by comparing the costs incurred forwork performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment 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 overits expected useful life, is as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and anyaccumulative impairment losses.

SCUDERIA ALPHA AUTOMOBILI LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

SCUDERIA ALPHA AUTOMOBILI LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 3,814 0 3,814
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 3,814 0 3,814
Depreciation
At 1 June 2022 0 0 0
Charge for year 762 0 762
On disposals
Other adjustments
At 31 May 2023 762 0 762
Net book value
At 31 May 2023 3,052 0 3,052
At 31 May 2022 3,814 0 3,814

SCUDERIA ALPHA AUTOMOBILI LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Stocks

2023 2022
£ £
Stocks 486,000 192,000
Total 486,000 192,000

SCUDERIA ALPHA AUTOMOBILI LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

  2022
  £
Trade creditors 20,763
Total   20,763