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REGISTERED NUMBER: SC508186 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Margarita Monque Venturoli Ltd

Margarita Monque Venturoli Ltd (Registered number: SC508186)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Margarita Monque Venturoli Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Dr M M Venturoli





REGISTERED OFFICE: 46 West Holmes Place
Broxburn
West Lothian
EH52 5NJ





REGISTERED NUMBER: SC508186 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Margarita Monque Venturoli Ltd (Registered number: SC508186)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 207,282 218,797
Tangible assets 5 40,986 35,815
248,268 254,612

CURRENT ASSETS
Stocks 3,700 3,700
Debtors 6 209,616 178,443
Cash at bank 13,084 62,651
226,400 244,794
CREDITORS
Amounts falling due within one year 7 82,025 82,684
NET CURRENT ASSETS 144,375 162,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,643

416,722

CREDITORS
Amounts falling due after more than one year 8 (296,797 ) (280,877 )

PROVISIONS FOR LIABILITIES (8,337 ) (6,151 )
NET ASSETS 87,509 129,694

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 87,409 129,594
SHAREHOLDERS' FUNDS 87,509 129,694

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

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

The director acknowledges her 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.

Margarita Monque Venturoli Ltd (Registered number: SC508186)

Balance Sheet - continued
31 December 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 director and authorised for issue on 30 July 2024 and were signed by:





Dr M M Venturoli - Director


Margarita Monque Venturoli Ltd (Registered number: SC508186)

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

1. STATUTORY INFORMATION

Margarita Monque Venturoli Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 2022, 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

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 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.

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.

Margarita Monque Venturoli Ltd (Registered number: SC508186)

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

2. ACCOUNTING POLICIES - continued

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 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 230,313
AMORTISATION
At 1 January 2023 11,516
Amortisation for year 11,515
At 31 December 2023 23,031
NET BOOK VALUE
At 31 December 2023 207,282
At 31 December 2022 218,797

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 44,476 350 44,826
Additions 14,634 1,038 15,672
At 31 December 2023 59,110 1,388 60,498
DEPRECIATION
At 1 January 2023 8,895 116 9,011
Charge for year 10,043 458 10,501
At 31 December 2023 18,938 574 19,512
NET BOOK VALUE
At 31 December 2023 40,172 814 40,986
At 31 December 2022 35,581 234 35,815

Margarita Monque Venturoli Ltd (Registered number: SC508186)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 55,160 51,078
Directors' current accounts 153,835 126,675
Prepayments and accrued income 621 690
209,616 178,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 26,599 34,667
Hire purchase contracts 6,689 4,265
Tax 41,481 37,485
Social security and other taxes 1,795 2,459
Pension payable 294 741
Accrued expenses 5,167 3,067
82,025 82,684

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 286,675 276,261
Hire purchase contracts 10,122 4,616
296,797 280,877

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 26,599 34,667

Amounts falling due between one and two years:
Bank loans - 1-2 years 286,675 276,261

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

Margarita Monque Venturoli Ltd (Registered number: SC508186)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Dr M M Venturoli
Balance outstanding at start of year 126,675 132,997
Amounts advanced 168,629 228,302
Amounts repaid (141,469 ) (234,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153,835 126,675

Interest has been charged at the average interest rate of 2.25% . The directors loan was repaid shortly after the year end.