1 June 2022 false No description of principal activity Taxfiler 2023.15 SC477083business:PrivateLimitedCompanyLtd2022-06-012023-05-31 SC4770832022-05-31 SC4770832022-06-012023-05-31 SC477083business:AuditExemptWithAccountantsReport2022-06-012023-05-31 SC477083business:FilletedAccounts2022-06-012023-05-31 SC4770832023-05-31 SC477083business:Director12022-06-012023-05-31 SC477083business:RegisteredOffice2022-06-012023-05-31 SC4770832022-05-31 SC477083core:WithinOneYear2023-05-31 SC477083core:WithinOneYear2022-05-31 SC477083core:AfterOneYear2023-05-31 SC477083core:AfterOneYear2022-05-31 SC477083core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC477083core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 SC477083core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC477083core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 SC477083core:PreviouslyStatedAmount2023-05-31 SC477083core:PreviouslyStatedAmount2022-05-31 SC477083business:SmallEntities2022-06-012023-05-31 SC477083countries:Scotland2022-06-012023-05-31 SC477083core:LandBuildings2022-05-31 SC477083core:PlantMachinery2022-05-31 SC477083core:FurnitureFittings2022-05-31 SC477083core:ComputerEquipment2022-05-31 SC477083core:LandBuildings2022-06-012023-05-31 SC477083core:PlantMachinery2022-06-012023-05-31 SC477083core:FurnitureFittings2022-06-012023-05-31 SC477083core:ComputerEquipment2022-06-012023-05-31 SC477083core:LandBuildings2023-05-31 SC477083core:PlantMachinery2023-05-31 SC477083core:FurnitureFittings2023-05-31 SC477083core:ComputerEquipment2023-05-31 SC4770832021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC477083 (Scotland)
Stefano G Ltd Unaudited accounts for the year ended 31 May 2023
Stefano G Ltd Unaudited accounts Contents
Page
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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
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Stefano G Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,542 
68,611 
Current assets
Inventories
3,400 
3,400 
Debtors
130,163 
- 
Cash at bank and in hand
55,760 
174,922 
189,323 
178,322 
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 
Capital and reserves
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
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Stefano G Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
130,163 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
40,660 
- 
Trade creditors
22,952 
- 
Taxes and social security
626 
6,903 
64,238 
6,903 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,707 
72,899 
Loans from directors
- 
19,413 
34,707 
92,312 
8
Average number of employees
During the year the average number of employees was 40 (2022: 40).
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