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REGISTERED NUMBER: 05730057 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Cucciolo Limited

Cucciolo Limited (Registered number: 05730057)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cucciolo Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr Antonio Paulo De Ornelas Mendonca
Ms Teresa De Nobrega De Lemos
Mr Joao Sergio De Ornelas Mendonca
Mr Michele Dellapina





SECRETARY: Mr Antonio Paulo De Ornelas Mendonca





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 05730057 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

Cucciolo Limited (Registered number: 05730057)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,980 22,536
21,980 22,536

CURRENT ASSETS
Stocks 6 6,442 4,077
Debtors 7 3,438 293
Prepayments and accrued income 33,585 37,611
Cash at bank and in hand 381,027 329,928
424,492 371,909
CREDITORS
Amounts falling due within one year 8 230,352 270,752
NET CURRENT ASSETS 194,140 101,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,120

123,693

ACCRUALS AND DEFERRED INCOME 7,601 14,067
NET ASSETS 208,519 109,626

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 206,519 107,626
SHAREHOLDERS' FUNDS 208,519 109,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cucciolo Limited (Registered number: 05730057)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:





Mr Antonio Paulo De Ornelas Mendonca - Director


Cucciolo Limited (Registered number: 05730057)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Cucciolo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued on an inventory basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Cucciolo Limited (Registered number: 05730057)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 219,999
AMORTISATION
At 1 August 2022
and 31 July 2023 219,999
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Cucciolo Limited (Registered number: 05730057)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 3,991 13,353 70,906 4,251 92,501
Additions - 825 2,849 167 3,841
At 31 July 2023 3,991 14,178 73,755 4,418 96,342
DEPRECIATION
At 1 August 2022 2,794 8,933 55,047 3,191 69,965
Charge for year 399 787 2,806 405 4,397
At 31 July 2023 3,193 9,720 57,853 3,596 74,362
NET BOOK VALUE
At 31 July 2023 798 4,458 15,902 822 21,980
At 31 July 2022 1,197 4,420 15,859 1,060 22,536

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 6,442 4,077

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 3,438 293

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 33,982 31,138
Tax 98,832 73,691
Social security and other taxes 784 324
VAT 44,705 8,535
Other creditors 6,169 4,365
Directors' current accounts 45,880 152,699
230,352 270,752

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the start of the year, the directors' loan account was a credit balance of £152,699. During the year the directors withdrew £106,819 from the company. As a result, at the end of the year the company owed £45,880 to the directors.

The loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

There is no controlling party with each of the directors owning half of the issued share capital and unable to exert significantly more influence than the other.