Company Registration No. 09131506 (England and Wales)
D'Angeli & Son Ltd
Unaudited accounts
for the year ended 31 July 2023
D'Angeli & Son Ltd
Unaudited accounts
Contents
D'Angeli & Son Ltd
Company Information
for the year ended 31 July 2023
Director
Mr Nicholas D'Angeli
Company Number
09131506 (England and Wales)
Registered Office
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OX12 8AT
United Kingdom
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
D'Angeli & Son Ltd
Accountants' report
Accountants' report to the director of D'Angeli & Son Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
D'Angeli & Son Ltd for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of D'Angeli & Son Ltd, as a body, in accordance with the terms of our engagement letter dated 1 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of D'Angeli & Son Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D'Angeli & Son Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that D'Angeli & Son Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D'Angeli & Son Ltd. You consider that D'Angeli & Son Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of D'Angeli & Son Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
28 February 2024
D'Angeli & Son Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
16,040
21,387
Cash at bank and in hand
(11,940)
(6,661)
Creditors: amounts falling due within one year
(59,204)
(15,335)
Net current assets
16,175
3,406
Total assets less current liabilities
32,215
24,793
Creditors: amounts falling due after more than one year
-
(10,341)
Called up share capital
100
100
Profit and loss account
32,115
14,352
Shareholders' funds
32,215
14,452
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Mr Nicholas D'Angeli
Director
Company Registration No. 09131506
D'Angeli & Son Ltd
Notes to the Accounts
for the year ended 31 July 2023
D'Angeli & Son Ltd is a private company, limited by shares, registered in England and Wales, registration number 09131506. The registered office is POST OFFICE VAULTS, 4 MARKET PLACE, WANTAGE, OX12 8AT, United Kingdom.
2
Compliance with accounting standards
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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 the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
D'Angeli & Son Ltd
Notes to the Accounts
for the year ended 31 July 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
32,023
449
32,472
At 31 July 2023
32,023
449
32,472
At 1 August 2022
10,778
307
11,085
Charge for the year
5,312
35
5,347
At 31 July 2023
16,090
342
16,432
At 31 July 2023
15,933
107
16,040
At 31 July 2022
21,245
142
21,387
Amounts falling due within one year
Trade debtors
5,576
16,168
Amounts due from group undertakings etc.
11,751
8,861
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,315
2,303
Taxes and social security
29,368
8,435
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).