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REGISTERED NUMBER: 05250197 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Allodi Accordions Limited

Allodi Accordions Limited (Registered number: 05250197)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Allodi Accordions Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: E Allodi
Mrs K Allodi





SECRETARY: E Allodi





REGISTERED OFFICE: 3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU





REGISTERED NUMBER: 05250197 (England and Wales)





ACCOUNTANTS: SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU

Allodi Accordions Limited (Registered number: 05250197)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 309 386
309 386

CURRENT ASSETS
Stocks 25,000 89,000
Debtors 6 403,000 213,000
Cash at bank and in hand 106,611 212,438
534,611 514,438
CREDITORS
Amounts falling due within one year 7 121,176 104,810
NET CURRENT ASSETS 413,435 409,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,744

410,014

PROVISIONS FOR LIABILITIES 8 61 73
NET ASSETS 413,683 409,941

Allodi Accordions Limited (Registered number: 05250197)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 413,483 409,741
SHAREHOLDERS' FUNDS 413,683 409,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:




E Allodi - Director



Mrs K Allodi - Director


Allodi Accordions Limited (Registered number: 05250197)

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

1. STATUTORY INFORMATION

Allodi Accordions 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 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Allodi Accordions Limited (Registered number: 05250197)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 137,000
AMORTISATION
At 1 November 2022
and 31 October 2023 137,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Allodi Accordions Limited (Registered number: 05250197)

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

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 November 2022
and 31 October 2023 483
DEPRECIATION
At 1 November 2022 97
Charge for year 77
At 31 October 2023 174
NET BOOK VALUE
At 31 October 2023 309
At 31 October 2022 386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.23 31.10.22
£    £   
Other debtors 403,000 213,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1 26,408
Taxation and social security 15,836 15,344
Other creditors 105,339 63,058
121,176 104,810

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 61 73

Allodi Accordions Limited (Registered number: 05250197)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 73
Credit to Statement of Income and Retained Earnings during
year

(12

)
Balance at 31 October 2023 61

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 November 2022 409,741
Profit for the year 45,913
Dividends (42,171 )
At 31 October 2023 413,483

Allodi Accordions Limited

Report of the Accountants to the Directors of
Allodi Accordions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages four to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU


25 July 2024