BERNINI NATURAL STONE LIMITED

Company Registration Number:
07654160 (England and Wales)

Unaudited abridged accounts for the year ended 29 June 2023

Period of accounts

Start date: 30 June 2022

End date: 29 June 2023

BERNINI NATURAL STONE LIMITED

Contents of the Financial Statements

for the Period Ended 29 June 2023

Balance sheet
Notes

BERNINI NATURAL STONE LIMITED

Balance sheet

As at 29 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 209,839 250,738
Total fixed assets: 209,839 250,738
Current assets
Debtors:   400,008 284,496
Cash at bank and in hand: 544,258 474,221
Total current assets: 944,266 758,717
Creditors: amounts falling due within one year:   (277,688) (156,973)
Net current assets (liabilities): 666,578 601,744
Total assets less current liabilities: 876,417 852,482
Creditors: amounts falling due after more than one year:   (137,188) (158,200)
Total net assets (liabilities): 739,229 694,282
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 739,129 694,182
Shareholders funds: 739,229 694,282

The notes form part of these financial statements

BERNINI NATURAL STONE LIMITED

Balance sheet statements

For the year ending 29 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 September 2023
and signed on behalf of the board by:

Name: E Donohue
Status: Director

The notes form part of these financial statements

BERNINI NATURAL STONE LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant & Machinery at a rate of 20% straight line & Motor Vehicles at a rate of 25% straight line

Other accounting policies

Finance leases and hire purchase contractsAssets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

BERNINI NATURAL STONE LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

2. Employees

2023 2022
Average number of employees during the period 9 9

BERNINI NATURAL STONE LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

3. Tangible Assets

Total
Cost £
At 30 June 2022 301,743
Additions 11,278
At 29 June 2023 313,021
Depreciation
At 30 June 2022 51,005
Charge for year 52,177
At 29 June 2023 103,182
Net book value
At 29 June 2023 209,839
At 29 June 2022 250,738

BERNINI NATURAL STONE LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

4. Related party transactions

The company was under the control of Mrs Donohue throughout the current year.No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.