Company Registration No. SC477083 (Scotland)
Stefano G Ltd
Unaudited accounts
for the year ended 31 May 2023
Stefano G Ltd
Unaudited accounts
Contents
Stefano G Ltd
Company Information
for the year ended 31 May 2023
Director
Stefano Giovanazzi
Company Number
SC477083 (Scotland)
Registered Office
30 Hyndland Road
GLASGOW
Lanarkshire
G12 9UP
GBR
Accountants
McCreath Accountancy
Lomond House
4 South Street
Inchinnan
Renfrewshire
PA4 9RJ
Stefano G Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
23,542
68,611
Cash at bank and in hand
55,760
174,922
Creditors: amounts falling due within one year
(64,238)
(6,903)
Net current assets
125,085
171,419
Total assets less current liabilities
148,627
240,030
Creditors: amounts falling due after more than one year
(34,707)
(92,312)
Net assets
113,920
147,718
Called up share capital
1
1
Profit and loss account
113,919
147,717
Shareholders' funds
113,920
147,718
For the year ending 31 May 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 27 March 2024 and were signed on its behalf by
Stefano Giovanazzi
Director
Company Registration No. SC477083
Stefano G Ltd
Notes to the Accounts
for the year ended 31 May 2023
Stefano G Ltd is a private company, limited by shares, registered in Scotland, registration number SC477083. The registered office is 30 Hyndland Road, GLASGOW, Lanarkshire, G12 9UP, GBR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
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.
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:
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Stefano G Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2022
2,060
29,705
110,997
1,224
143,986
Additions
-
1,111
5,513
4,600
11,224
At 31 May 2023
2,060
30,816
116,510
5,824
155,210
At 1 June 2022
-
4,896
69,255
1,224
75,375
Charge for the year
-
6,202
47,334
2,757
56,293
At 31 May 2023
-
11,098
116,589
3,981
131,668
At 31 May 2023
2,060
19,718
(79)
1,843
23,542
At 31 May 2022
2,060
24,809
41,742
-
68,611
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
626
6,903
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
19,413
8
Average number of employees
During the year the average number of employees was 40 (2022: 40).