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Registered number: 09318099
Alessio Lorenzi Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
B&SW Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09318099
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 3,051
- 3,051
CURRENT ASSETS
Stocks 5 343,880 468,022
Debtors 6 29,001 50,149
Cash at bank and in hand 312,176 48,546
685,057 566,717
Creditors: Amounts Falling Due Within One Year 7 (549,532 ) (545,858 )
NET CURRENT ASSETS (LIABILITIES) 135,525 20,859
TOTAL ASSETS LESS CURRENT LIABILITIES 135,525 23,910
NET ASSETS 135,525 23,910
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 135,524 23,909
SHAREHOLDERS' FUNDS 135,525 23,910
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alessio Lorenzi
Director
31/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alessio Lorenzi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09318099 . The registered office is 19a Stafford Terrace, London, W8 7BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was one. 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 12,194 545 12,739
As at 30 November 2023 12,194 545 12,739
...CONTINUED
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Depreciation
As at 1 December 2022 9,143 545 9,688
Provided during the period 3,051 - 3,051
As at 30 November 2023 12,194 545 12,739
Net Book Value
As at 30 November 2023 - - -
As at 1 December 2022 3,051 - 3,051
5. Stocks
2023 2022
£ £
Work in progress 343,880 468,022
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,000 50,149
Prepayments and accrued income 1 -
29,001 50,149
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT 10,040 10,548
Other creditors 165,200 271,245
Accruals and deferred income 2,390 1,990
Director's loan account 371,902 262,075
549,532 545,858
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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