JOELATO LTD

Company Registration Number:
SC739708 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 29 July 2022

End date: 31 July 2023

JOELATO LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

JOELATO LTD

Company Information

for the Period Ended 31 July 2023




Director: Joseph Martin Sykes
Lucinda Jane Sykes
Registered office: Barclayhills
Guildtown
Perth
GB-SCT
PH2 6AD
Company Registration Number: SC739708 (Scotland)

JOELATO LTD

Directors' Report Period Ended 31 July 2023

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

Principal Activities

The company's principal activity during the period was that of manafacturing and selling gelato.

Directors

The director(s) shown below were appointed to the company during the period
Joseph Martin Sykes
29 July 2022
Lucinda Jane Sykes
29 July 2022

This report was approved by the board of directors on 10 February 2024
And Signed On Behalf Of The Board By:

Name: Joseph Martin Sykes
Status: Director

JOELATO LTD

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£
Gross Profit or (Loss) 317,213
Administrative Expenses ( 280,214 )
Operating Profit or (Loss) 36,999
Profit or (Loss) Before Tax 36,999
Profit or (Loss) for Period 36,999

The notes form part of these financial statements

JOELATO LTD

Balance sheet

As at 31 July 2023


Notes

2023
£
Fixed assets
Tangible assets: 4 70,229
Total fixed assets: 70,229
Current assets
Stocks: 31,412
Cash at bank and in hand: 74,628
Total current assets: 106,040
Creditors: amounts falling due within one year: ( 153,851 )
Net current assets (liabilities): ( 47,811 )
Total assets less current liabilities: 22,418
Creditors: amounts falling due after more than one year: ( 21,640 )
Total net assets (liabilities): 778

The notes form part of these financial statements

JOELATO LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£
Capital and reserves
Called up share capital: 2
Profit and loss account: 776
Shareholders funds: 778

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 10 February 2024
And Signed On Behalf Of The Board By:

Name: Joseph Martin Sykes
Status: Director

The notes form part of these financial statements

JOELATO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the total invoice value of goods sold and services rendered during the period.

    Tangible fixed assets depreciation policy

    Depreciation is provided using the rates to reduce by annual installments the cost, less estimated residual value, of the tangible assets over their estimated useful lives:- Equipment, fixtures & fittings, Motor Vehicles - 20%

JOELATO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023
    Average number of employees during the period 12

JOELATO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

JOELATO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible Assets

Total
Cost £
Additions 87,694
Disposals -
Revaluations -
Transfers -
At 31 July 2023 87,694
Depreciation
Charge for year 17,465
On disposals -
Other adjustments -
At 31 July 2023 17,465
Net book value
At 31 July 2023 70,229