1 December 2022 false No description of principal activity Taxfiler 2023.14 NI665811business:PrivateLimitedCompanyLtd2022-12-012023-11-30 NI6658112022-11-30 NI6658112022-12-012023-11-30 NI665811business:AuditExemptWithAccountantsReport2022-12-012023-11-30 NI665811business:FilletedAccounts2022-12-012023-11-30 NI6658112023-11-30 NI665811business:Director12022-12-012023-11-30 NI665811business:Director22022-12-012023-11-30 NI665811business:RegisteredOffice2022-12-012023-11-30 NI6658112022-11-30 NI665811core:WithinOneYear2023-11-30 NI665811core:WithinOneYear2022-11-30 NI665811core:AfterOneYear2023-11-30 NI665811core:AfterOneYear2022-11-30 NI665811core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 NI665811core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 NI665811core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 NI665811core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 NI665811core:PreviouslyStatedAmount2023-11-30 NI665811core:PreviouslyStatedAmount2022-11-30 NI665811business:SmallEntities2022-12-012023-11-30 NI665811countries:NorthernIreland2022-12-012023-11-30 NI665811core:IntangibleAssetsOtherThanGoodwill2022-11-30 NI665811core:IntangibleAssetsOtherThanGoodwill2023-11-30 NI665811core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-30 NI665811core:PlantMachinery2022-11-30 NI665811core:MotorVehicles2022-11-30 NI665811core:FurnitureFittings2022-11-30 NI665811core:PlantMachinery2022-12-012023-11-30 NI665811core:MotorVehicles2022-12-012023-11-30 NI665811core:FurnitureFittings2022-12-012023-11-30 NI665811core:PlantMachinery2023-11-30 NI665811core:MotorVehicles2023-11-30 NI665811core:FurnitureFittings2023-11-30 NI665811business:OrdinaryShareClass12022-12-012023-11-30 NI665811business:OrdinaryShareClass12021-12-012022-11-30 NI6658112021-12-012022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI665811 (Northern Ireland)
Scarpello NI Limited Unaudited accounts for the year ended 30 November 2023
Scarpello NI Limited Unaudited accounts Contents
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Scarpello NI Limited Company Information for the year ended 30 November 2023
Directors
Kemal Scarpello Rachel Scarpello
Company Number
NI665811 (Northern Ireland)
Registered Office
Unit 5 20 - 22 Buncrana Road Derry BT48 8AE Northern Ireland
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
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Scarpello NI Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
779 
1,558 
Tangible assets
138,010 
104,836 
138,789 
106,394 
Current assets
Inventories
3,500 
1,500 
Debtors
20,039 
20,093 
Cash at bank and in hand
68,234 
88,898 
91,773 
110,491 
Creditors: amounts falling due within one year
(88,404)
(101,232)
Net current assets
3,369 
9,259 
Total assets less current liabilities
142,158 
115,653 
Creditors: amounts falling due after more than one year
(53,760)
(22,956)
Net assets
88,398 
92,697 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
88,298 
92,597 
Shareholders' funds
88,398 
92,697 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
Kemal Scarpello Director Company Registration No. NI665811
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Scarpello NI Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Scarpello NI Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI665811. The registered office is Unit 5, 20 - 22 Buncrana Road, Derry, BT48 8AE, Northern Ireland.
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 prior year accounts were prepared in accordance with the micro-entity provisions of FRS 105. There were no accounting adjustments arising on transition.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Scarpello NI Limited Notes to the Accounts for the year ended 30 November 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
3,895 
At 30 November 2023
3,895 
Amortisation
At 1 December 2022
2,337 
Charge for the year
779 
At 30 November 2023
3,116 
Net book value
At 30 November 2023
779 
At 30 November 2022
1,558 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
106,451 
42,617 
36,112 
185,180 
Additions
275 
91,704 
5,654 
97,633 
Disposals
- 
(32,888)
- 
(32,888)
At 30 November 2023
106,726 
101,433 
41,766 
249,925 
Depreciation
At 1 December 2022
51,162 
10,248 
18,934 
80,344 
Charge for the year
20,529 
14,454 
7,054 
42,037 
Surplus on revaluation
- 
(10,466)
- 
(10,466)
At 30 November 2023
71,691 
14,236 
25,988 
111,915 
Net book value
At 30 November 2023
35,035 
87,197 
15,778 
138,010 
At 30 November 2022
55,289 
32,369 
17,178 
104,836 
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Scarpello NI Limited Notes to the Accounts for the year ended 30 November 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39 
20,093 
Other debtors
20,000 
- 
20,039 
20,093 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
32,449 
24,636 
Obligations under finance leases and hire purchase contracts
13,002 
8,395 
Trade creditors
25,118 
28,017 
Taxes and social security
9,664 
7,995 
Other creditors
782 
26,412 
Loans from directors
7,389 
2,897 
Accruals
- 
2,880 
88,404 
101,232 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
16,914 
15,956 
Other creditors
- 
7,000 
Loans from directors
36,846 
- 
53,760 
22,956 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
During the year, the following transactions took place between the directors and the company: - Expenses paid by directors on behalf of the company = £2,238 - Personal costs paid by company = £4,246 - Funds introduced by directors = £51,000 - Funds repaid to directors = £14,154 The amount owed to the directors at the year-end was £37,735. This is included in creditors at notes 7 and 8. The company continued to service an interest free loan, which had been provided by close family members. The following transactions took place during the year in relation to this loan: - Loan repayments to family members = £26,500 The amount outstanding on the loan at the year end was £6,500. This is included in notes 7 and 8.
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Scarpello NI Limited Notes to the Accounts for the year ended 30 November 2023
11
Average number of employees
During the year the average number of employees was 24 (2022: 24).
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