REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
FOR |
FATTO A MANO LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
FOR |
FATTO A MANO LIMITED |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FATTO A MANO LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Atlas Chambers |
33 West Street |
Brighton |
East Sussex |
BN1 2RE |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
BALANCE SHEET |
25 JUNE 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Share premium |
Capital redemption reserve |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
BALANCE SHEET - continued |
25 JUNE 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
1. | STATUTORY INFORMATION |
Fatto a Mano Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Fatto a Mano Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover consists of two revenue streams, management charges and central procurement. |
Managements charges |
Certain costs incurred by the company are recharged to subsidiary companies at a mark up. These recharges are recognised at the point attributable costs are incurred. |
Central procurement |
Food and drink is procured centrally and distributed to each subsidiary. Turnover from central procurement is recognised at the point goods are dispatched. |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes |
Turnover from gift card sales are recognised when the entity meets the obligations to supply goods to a customer in accordance with the terms and conditions of the gift cards |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Long leasehold | - |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
The investments are subsequently measured at fair value and any impairment charges are recognised within the income statement. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Taxation |
Taxation for the period 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 period 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. |
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. |
Going concern |
After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue for the foreseeable future and therefore, the company continues to adopt the going concern basis in preparing its financial statements. |
3. | EMPLOYEES |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Website |
£ |
COST |
At 27 June 2022 |
and 25 June 2023 |
AMORTISATION |
At 27 June 2022 |
Amortisation for period |
At 25 June 2023 |
NET BOOK VALUE |
At 25 June 2023 |
At 26 June 2022 |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
5. | TANGIBLE FIXED ASSETS |
Long | Plant and | Motor | Computer |
leasehold | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 27 June 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 25 June 2023 |
DEPRECIATION |
At 27 June 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 25 June 2023 |
NET BOOK VALUE |
At 25 June 2023 |
At 26 June 2022 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 27 June 2022 |
and 25 June 2023 |
NET BOOK VALUE |
At 25 June 2023 |
At 26 June 2022 |
7. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Hire purchase contracts |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
There are fixed and floating charges in place over the company's assets as security in relation to the bank loans. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A | 0.000 | 1 | 1 | 1 |
Ordinary B | 0.000 | 1 | - | - |
Ordinary C | 0.000 | 1 | 1 | 1 |
2 | 2 |
12. | PENSION COMMITMENTS |
The Company operates a defined contributions pension scheme for the group. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,138 (2022: £8,173). Contributions totalling £4,289 (2022: £3,924) were payable to the fund at the balance sheet date and are included in other creditors. |
13. | CONTINGENT LIABILITIES |
The company belongs to a VAT group whereby each member is jointly and severally liable for the VAT due from the representative member during their periods of membership of the group. If the representative member is unable to meet a VAT debt due from the group, the company and associated members, will be held liable for the VAT due. As at the balance sheet date the company had a maximum contingent VAT liability for group members of £240,312 (2022: £140,040). |
FATTO A MANO LIMITED (REGISTERED NUMBER: 09212067) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 JUNE 2022 TO 25 JUNE 2023 |
14. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Companies under common control |
Amount due from |
Amount due to |
£ | £ |
Opening balance | - | 20,109 |
Amounts advanced | 61,047 | 177,426 |
Amounts repaid | (55,884 | ) | (177,682 | ) |
Closing balance | 5,163 | 19,853 |
These balances are included in debtors and creditors respectively. |
15. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is R Davidson. |