Registered number
08804332
AMICI MIEI 2 GO (MUSWELL HILL) LTD
Filleted Accounts
31 December 2023
AMICI MIEI 2 GO (MUSWELL HILL) LTD
Registered number: 08804332
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,994 17,887
Current assets
Stocks 2,500 2,500
Debtors 4 25,173 26,548
Cash at bank and in hand 5,868 3,491
33,541 32,539
Creditors: amounts falling due within one year 5 (34,462) (22,838)
Net current (liabilities)/assets (921) 9,701
Total assets less current liabilities 10,073 27,588
Creditors: amounts falling due after more than one year 6 (67,447) (54,165)
Net liabilities (57,374) (26,577)
Capital and reserves
Called up share capital 2 2
Profit and loss account (57,376) (26,579)
Shareholder's funds (57,374) (26,577)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Cristian Nocco
Director
Approved by the board on 10 September 2024
AMICI MIEI 2 GO (MUSWELL HILL) LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% Reducing balance method
Other fixed assets 10% Straight line method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 11
3 Tangible fixed assets
Other fixed assets Plant and machinery etc Total Total
£ £ £ £
Cost
At 1 January 2023 53,655 81,572 135,227 135,227
Additions - 889 889 889
At 31 December 2023 53,655 82,461 136,116 136,116
Depreciation
At 1 January 2023 44,547 72,793 117,340 117,340
Charge for the year 5,365 2,417 7,782 7,782
At 31 December 2023 49,912 75,210 125,122 125,122
Net book value
At 31 December 2023 3,743 7,251 10,994 10,994
At 31 December 2022 9,108 8,779 17,887 17,887
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings 14,561 9,906
Other debtors 10,612 16,642
25,173 26,548
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 16,677 15,002
Taxation and social security costs 14,648 7,835
Other creditors 3,137 1
34,462 22,838
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,487 43,841
Other creditors 33,960 10,324
67,447 54,165
7 Related party transactions
As at balance sheet date, the company owes its directors £33,960 (2022: £10,324) which has been included under other creditors due after one year.
8 Controlling party
The company is controlled by its parent company, Amici Miei Group Ltd. The ultimate controlling parties are board of director of parent company.
9 Other information
AMICI MIEI 2 GO (MUSWELL HILL) LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Fortis Green Road
London
N10 3HP
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