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REGISTERED NUMBER: 09186516 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

London Gelato (UK) Limited

London Gelato (UK) Limited (Registered number: 09186516)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

London Gelato (UK) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: B J Edwards
Mrs L Edwards





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 09186516 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

London Gelato (UK) Limited (Registered number: 09186516)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,379 33,453

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 27,293 38,522
Cash at bank and in hand 47,018 28,010
77,811 70,032
CREDITORS
Amounts falling due within one year 6 40,058 7,178
NET CURRENT ASSETS 37,753 62,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,132

96,307

CREDITORS
Amounts falling due after more than one
year

7

(20,621

)

(33,286

)

PROVISIONS FOR LIABILITIES (7,239 ) (6,356 )
NET ASSETS 67,272 56,665

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 67,271 56,664
SHAREHOLDERS' FUNDS 67,272 56,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

London Gelato (UK) Limited (Registered number: 09186516)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 7 February 2024 and were signed on its behalf by:





B J Edwards - Director


London Gelato (UK) Limited (Registered number: 09186516)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

London Gelato (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

London Gelato (UK) Limited (Registered number: 09186516)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2022 35,407 23,750 59,157
Additions 32,945 - 32,945
At 31 May 2023 68,352 23,750 92,102
DEPRECIATION
At 1 June 2022 22,537 3,167 25,704
Charge for year 4,903 4,116 9,019
At 31 May 2023 27,440 7,283 34,723
NET BOOK VALUE
At 31 May 2023 40,912 16,467 57,379
At 31 May 2022 12,870 20,583 33,453

London Gelato (UK) Limited (Registered number: 09186516)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 23,750
DEPRECIATION
At 1 June 2022 3,167
Charge for year 4,116
At 31 May 2023 7,283
NET BOOK VALUE
At 31 May 2023 16,467
At 31 May 2022 20,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by group undertakings 27,076 26,487
Other debtors 217 12,035
27,293 38,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 8,992 8,772
Hire purchase contracts 3,673 3,394
Trade creditors 14,928 (10,733 )
Amounts owed to group undertakings 755 755
Taxation and social security 11,050 4,445
Other creditors 660 545
40,058 7,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 18,680 27,672
Hire purchase contracts 1,941 5,614
20,621 33,286

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Edwards.

London Gelato (UK) Limited

Report of the Accountants to the Directors of
London Gelato (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................