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Registered number: 08477060

CONTESSA TRADING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

CONTESSA TRADING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
P Gurung
SECRETARY
P K Manster
REGISTERED OFFICE
20 Westlands Way
Oxted
Surrey
RH8 0ND
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08477060
BANKERS
National Westminster Bank Plc
ACCOUNTANTS
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

CONTESSA TRADING LIMITED

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

CONTESSA TRADING LIMITED

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3313,734319,198
CURRENT ASSETS
Stock11,85611,847
Debtors5703,573654,732
Cash at bank and in hand291,376209,451
1,006,805876,030
CREDITORS: Amounts falling due within one year6220,794211,369
NET CURRENT ASSETS786,011664,661
TOTAL ASSETS LESS CURRENT LIABILITIES1,099,745983,859
CREDITORS: Amounts falling due after more than one year7134,402161,637
NET ASSETS965,343822,222
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account965,342822,221
SHAREHOLDERS' FUNDS965,343822,222
For the year ending 31/10/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/07/2024 and signed on their behalf by
.............................
P Gurung
Director

CONTESSA TRADING LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

CONTESSA TRADING LIMITED

3. TANGIBLE FIXED ASSETS
Land AndCommercialFixtures
BuildingsVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/11/2022272,49012,2962,056162,676449,518
Additions--1,616-1,616
At 31/10/2023272,49012,2963,672162,676451,134
Depreciation
At 01/11/2022-10,554308119,458130,320
For the year-4362086,4367,080
At 31/10/2023-10,990516125,894137,400
Net Book Amounts
At 31/10/2023272,4901,3063,15636,782313,734
At 31/10/2022272,4901,7421,74843,218319,198
4. STOCK 20232022
££
Stock comprises:
Stock11,85611,847
11,85611,847
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-3,025
Amounts due from group companies698,890645,146
Prepayments4,6836,104
Directors current account-457
703,573654,732
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax43,12733,587
VAT41,10837,474
PAYE control1,5884,472
Directors current account87-
Trade creditors38,69347,633
Accruals96,19188,203
220,794211,369

CONTESSA TRADING LIMITED

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr134,402161,637
134,402161,637
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11