Company Registration No. 08726820 (England and Wales)
JOE MACARI CLASSICS LIMITED
Unaudited accounts
for the year ended 31 October 2023
JOE MACARI CLASSICS LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
217,035
317,891
Inventories
2,967,184
2,531,775
Cash at bank and in hand
334,783
11,647
Creditors: amounts falling due within one year
(4,505,610)
(3,347,905)
Net current liabilities
(207,664)
(341,389)
Total assets less current liabilities
9,371
(23,498)
Provisions for liabilities
Deferred tax
(7,970)
(7,970)
Net assets/(liabilities)
1,401
(31,468)
Called up share capital
10
10
Profit and loss account
1,391
(31,478)
Shareholders' funds
1,401
(31,468)
For the year ending 31 October 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 26 July 2024 and were signed on its behalf by
J Macari
Director
Company Registration No. 08726820
JOE MACARI CLASSICS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
JOE MACARI CLASSICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08726820. The registered office is Unit 6, The Kimber Centre, 54 Kimber Road, Wandsworth, London, SW18 4PP, UK.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
straight line over 15 years
Fixtures & fittings
25% wdv
Computer equipment
25% wdv
4
Tangible fixed assets
Total
At 1 November 2022
961,634
At 31 October 2023
961,634
At 1 November 2022
643,743
Charge for the year
100,856
At 31 October 2023
744,599
At 31 October 2023
217,035
At 31 October 2022
317,891
5
Average number of employees
During the year the average number of employees was 7 (2022: 6).