Registered number
10730300
IL MATTINO LTD
Filleted Accounts
30 April 2023
IL MATTINO LTD
Registered number: 10730300
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 94,755 115,555
Current assets
Stocks 97,720 75,094
Cash at bank and in hand 826 5,614
98,546 80,708
Creditors: amounts falling due within one year 4 (144,002) (138,904)
Net current liabilities (45,456) (58,196)
Total assets less current liabilities 49,299 57,359
Creditors: amounts falling due after more than one year 5 (15,833) (25,863)
Net assets 33,466 31,496
Capital and reserves
Called up share capital 120 120
Profit and loss account 33,346 31,376
Shareholders' funds 33,466 31,496
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Akin KOCER
Director
Approved by the board on 29 December 2023
IL MATTINO LTD
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 130,428 17,100 147,528
At 30 April 2023 130,428 17,100 147,528
Depreciation
At 1 May 2022 28,895 3,078 31,973
Charge for the year 18,276 2,524 20,800
At 30 April 2023 47,171 5,602 52,773
Net book value
At 30 April 2023 83,257 11,498 94,755
At 30 April 2022 101,533 14,022 115,555
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 672 -
Trade creditors 29,062 34,358
Vat and social security costs 26,489 26,316
Other creditors 87,779 78,230
144,002 138,904
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,833 20,563
Other creditors - 5,300
15,833 25,863
6 Other information
IL MATTINO LTD is a private company limited by shares and incorporated in England. Its registered office is:
538 Chigwell Road
Woodford Green
London
 IG8 8PA
IL MATTINO LTD 10730300 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 release 2 Akin KOCER No description of principal activity 10730300 2021-05-01 2022-04-30 10730300 core:WithinOneYear 2022-04-30 10730300 core:AfterOneYear 2022-04-30 10730300 core:ShareCapital 2022-04-30 10730300 core:RetainedEarningsAccumulatedLosses 2022-04-30 10730300 2022-05-01 2023-04-30 10730300 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10730300 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10730300 bus:Director40 2022-05-01 2023-04-30 10730300 2 2022-05-01 2023-04-30 10730300 core:PlantMachinery 2022-05-01 2023-04-30 10730300 core:Vehicles 2022-05-01 2023-04-30 10730300 countries:England 2022-05-01 2023-04-30 10730300 bus:FRS102 2022-05-01 2023-04-30 10730300 bus:FullAccounts 2022-05-01 2023-04-30 10730300 2023-04-30 10730300 core:WithinOneYear 2023-04-30 10730300 core:AfterOneYear 2023-04-30 10730300 core:ShareCapital 2023-04-30 10730300 core:RetainedEarningsAccumulatedLosses 2023-04-30 10730300 core:PlantMachinery 2023-04-30 10730300 core:Vehicles 2023-04-30 10730300 2022-04-30 10730300 core:PlantMachinery 2022-04-30 10730300 core:Vehicles 2022-04-30 iso4217:GBP xbrli:pure