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Registration number: 08207253

That's Amore (Hull) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

That's Amore (Hull) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

That's Amore (Hull) Limited

Company Information

Directors

Mrs L Tevar

Mr J M Tevar

Registered office

Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG

 

That's Amore (Hull) Limited

(Registration number: 08207253)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

6

7,618

10,537

 

7,618

10,537

Current assets

 

Stocks

7

2,541

2,394

Debtors

8

1,656

1,399

Cash at bank and in hand

 

117,908

104,534

 

122,105

108,327

Creditors: Amounts falling due within one year

9

(55,605)

(46,851)

Net current assets

 

66,500

61,476

Total assets less current liabilities

 

74,118

72,013

Provisions for liabilities

(1,447)

(2,002)

Net assets

 

72,671

70,011

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

72,669

70,009

Total equity

 

72,671

70,011

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2024 and signed on its behalf by:
 

 

That's Amore (Hull) Limited

(Registration number: 08207253)
Balance Sheet as at 31 December 2023

.........................................
Mrs L Tevar
Director

 

That's Amore (Hull) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG
United Kingdom

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

That's Amore (Hull) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on reducing balance and straight line over 3 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Fully amortised

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

That's Amore (Hull) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 12).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,380

1,456

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

6,000

6,000

At 31 December 2023

6,000

6,000

Amortisation

At 1 January 2023

6,000

6,000

At 31 December 2023

6,000

6,000

Carrying amount

At 31 December 2023

-

-

 

That's Amore (Hull) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

4,360

34,057

38,417

Disposals

-

(3,260)

(3,260)

At 31 December 2023

4,360

30,797

35,157

Depreciation

At 1 January 2023

4,360

23,520

27,880

Charge for the year

-

1,381

1,381

Eliminated on disposal

-

(1,722)

(1,722)

At 31 December 2023

4,360

23,179

27,539

Carrying amount

At 31 December 2023

-

7,618

7,618

At 31 December 2022

-

10,537

10,537

7

Stocks

2023
£

2022
£

Other inventories

2,541

2,394

8

Debtors

2023
£

2022
£

Prepayments

1,656

1,399

1,656

1,399

 

That's Amore (Hull) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

10,460

4,604

Taxation and social security

23,915

22,931

Accruals and deferred income

20,961

18,994

Other creditors

269

322

55,605

46,851

10

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mrs L Tevar

-

1,023

(1,023)

-

         
       

Mr J M Tevar

-

1,023

(1,023)

-

         
       

 

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mrs L Tevar

-

1,644

(1,644)

-

         
       

Mr J M Tevar

-

1,644

(1,644)

-