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REGISTERED NUMBER: 02865260 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALBERTI & SANTI UK LIMITED

ALBERTI & SANTI UK LIMITED (REGISTERED NUMBER: 02865260)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALBERTI & SANTI UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Alberti
N J Emery





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 02865260 (England and Wales)





AUDITORS: McCabe Ford Williams
Chartered Accountants and Statutory Auditors
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

ALBERTI & SANTI UK LIMITED (REGISTERED NUMBER: 02865260)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,043 4,085

CURRENT ASSETS
Debtors 5 866,630 751,611
Cash at bank and in hand 149,308 176,806
1,015,938 928,417
CREDITORS
Amounts falling due within one year 6 1,511,321 1,391,470
NET CURRENT LIABILITIES (495,383 ) (463,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(493,340

)

(458,968

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (493,440 ) (459,068 )
SHAREHOLDERS' FUNDS (493,340 ) (458,968 )

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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





S Alberti - Director


ALBERTI & SANTI UK LIMITED (REGISTERED NUMBER: 02865260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Alberti & Santi UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal place of business is 2nd Floor Vaughan Chambers, 4 Tonbridge Road, Maidstone, Kent, ME14 8RP.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - Straight line over 3 years
Computer equipment - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

ALBERTI & SANTI UK LIMITED (REGISTERED NUMBER: 02865260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable/payable within one year
Debtors and creditors that are receivable or payable on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Computer and Motor
leasehold equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 6,128 11,980 7,509 20,560 46,177
Disposals - (4,418 ) (5,427 ) - (9,845 )
At 31 December 2023 6,128 7,562 2,082 20,560 36,332
DEPRECIATION
At 1 January 2023 2,043 11,980 7,509 20,560 42,092
Charge for year 2,042 - - - 2,042
Eliminated on disposal - (4,418 ) (5,427 ) - (9,845 )
At 31 December 2023 4,085 7,562 2,082 20,560 34,289
NET BOOK VALUE
At 31 December 2023 2,043 - - - 2,043
At 31 December 2022 4,085 - - - 4,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 470,374 401,183
Other debtors and prepayments 396,256 350,428
866,630 751,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,074,009 1,054,914
Social security and other taxes 30,633 16,453
Other creditors and accruals 70,849 65,055
Loan from parent company 335,830 255,048
1,511,321 1,391,470

ALBERTI & SANTI UK LIMITED (REGISTERED NUMBER: 02865260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 45,814 45,833
Between one and five years 83,240 124,860
129,054 170,693

8. CALLED UP SHARE CAPITAL

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Fullarton BSc(Hons) FCA (Senior Statutory Auditor)
for and on behalf of McCabe Ford Williams

10. RELATED PARTY DISCLOSURES

During the year the company sold services and goods to the value of £5,753,556 (2022 - £5,481,529) to Alberti Germano e Santi Romano SRL - (the parent company) and purchased services and goods to the value of £255,897 (2022 - £131,264) from Alberti Germano e Santi Romano SRL at commercial rates.

At the year end, the net amounts owed to the parent company including loans, payable under normal market conditions totalled £475,786 (2022 £153,562).

11. PARENT COMPANY

The company is a wholly owned subsidiary of Alberti Germano e Santi Romano SRL, which is incorporated in Italy.

The principal place of business and also the address from which copies of group accounts can be obtained, is as follows:

Via Salvo D’Acquisto, 7/9 - 29016 Cortemaggiore (PC), Italy.

12. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company has the continuing support of its parent company.