Registered number
05803404
Dolce Piazza Limited
Filleted Accounts
31 May 2023
Dolce Piazza Limited
Registered number: 05803404
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,943 28,838
Current assets
Stocks 9,200 1,800
Debtors 4 146 (2,356)
Cash at bank and in hand 12,056 27,098
21,402 26,542
Creditors: amounts falling due within one year 5 (46,309) (55,067)
Net current liabilities (24,907) (28,525)
Net assets 1,036 313
Capital and reserves
Called up share capital 100 100
Profit and loss account 936 213
Shareholders' funds 1,036 313
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.
Caterina Vetrano
Director
Approved by the board on 23 January 2024
Dolce Piazza Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 14,045 33,615 47,660
At 31 May 2023 14,045 33,615 47,660
Depreciation
At 1 June 2022 - 18,822 18,822
Charge for the year - 2,895 2,895
At 31 May 2023 - 21,717 21,717
Net book value
At 31 May 2023 14,045 11,898 25,943
At 31 May 2022 14,045 14,793 28,838
4 Debtors 2023 2022
£ £
Trade debtors - (2,356)
Other debtors 146 -
146 (2,356)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,623 4,926
Taxation and social security costs 1,739 1,046
Other creditors 39,947 49,095
46,309 55,067
6 Controlling party
Ms Caterina VETRANO, a company director controls the company by virtue of holding 100% of the issued share capital.
7 Other information
Dolce Piazza Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 The Concourse
Edmonton Green Shopping Centre
London
N9 0TQ
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