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REGISTERED NUMBER: 09407908 (England and Wales)















Ciolfi F Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Ciolfi F Limited (Registered number: 09407908)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ciolfi F Limited

Company Information
for the Year Ended 31 December 2023







Director: Franco Ciolfi





Registered office: 85 St Davids Road
Cheadle
Cheshire
SK8 2HJ





Registered number: 09407908 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Ciolfi F Limited (Registered number: 09407908)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 53,126 70,783

Current assets
Stocks 36,000 47,000
Debtors 5 79,394 48,669
Cash at bank and in hand 24,307 3,435
139,701 99,104
Creditors
Amounts falling due within one year 6 94,412 73,505
Net current assets 45,289 25,599
Total assets less current liabilities 98,415 96,382

Creditors
Amounts falling due after more than
one year

7

(51,167

)

(78,501

)

Provisions for liabilities 8 (11,429 ) (9,898 )
Net assets 35,819 7,983

Capital and reserves
Called up share capital 9 100 100
Retained earnings 35,719 7,883
Shareholders' funds 35,819 7,983

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 his 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.

Ciolfi F Limited (Registered number: 09407908)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





Franco Ciolfi - Director


Ciolfi F Limited (Registered number: 09407908)

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

1. Statutory information

Ciolfi F 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Ciolfi F Limited (Registered number: 09407908)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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.

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 1 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 1,054 82,000 83,054
Depreciation
At 1 January 2023 706 11,565 12,271
Charge for year 70 17,587 17,657
At 31 December 2023 776 29,152 29,928
Net book value
At 31 December 2023 278 52,848 53,126
At 31 December 2022 348 70,435 70,783

Ciolfi F Limited (Registered number: 09407908)

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

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 49,742 44,036
Other debtors 29,652 4,633
79,394 48,669

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loan 10,000 14,681
Hire purchase contracts 17,333 17,333
Trade creditors 32,096 27,966
Taxation and social security 29,549 4,846
Other creditors 5,434 8,679
94,412 73,505

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loan 14,167 24,167
Hire purchase contracts 37,000 54,334
51,167 78,501

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 11,429 9,898

Deferred
tax
£   
Balance at 1 January 2023 9,898
Charge to Statement of Income and Retained Earnings during year 1,531
Balance at 31 December 2023 11,429

Ciolfi F Limited (Registered number: 09407908)

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

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Franco Ciolfi
Balance outstanding at start of year - -
Amounts advanced 81,445 -
Amounts repaid (52,235 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,210 -