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REGISTERED NUMBER: 07350286 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MASSARELLA & CO LTD

MASSARELLA & CO LTD (REGISTERED NUMBER: 07350286)

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


MASSARELLA & CO LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M S Massarella
Mrs H J Massarella
G Bergomi
Mrs A Bergomi





REGISTERED OFFICE: The Courtyard, Thurcroft Hall
Brookhouse
Laughton
Sheffield
S25 1XZ





REGISTERED NUMBER: 07350286 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

MASSARELLA & CO LTD (REGISTERED NUMBER: 07350286)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,457 8,457
Tangible assets 5 600,096 560,968
608,553 569,425

CURRENT ASSETS
Stocks 55,202 52,550
Debtors 6 276,486 50,128
Cash at bank and in hand 1,396,435 1,417,451
1,728,123 1,520,129
CREDITORS
Amounts falling due within one year 7 805,262 951,961
NET CURRENT ASSETS 922,861 568,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,531,414

1,137,593

PROVISIONS FOR LIABILITIES 144,021 133,999
NET ASSETS 1,387,393 1,003,594

CAPITAL AND RESERVES
Called up share capital 93 93
Retained earnings 1,387,300 1,003,501
SHAREHOLDERS' FUNDS 1,387,393 1,003,594

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 directors acknowledge their 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.

MASSARELLA & CO LTD (REGISTERED NUMBER: 07350286)

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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





M S Massarella - Director


MASSARELLA & CO LTD (REGISTERED NUMBER: 07350286)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Massarella & Co Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at The Courtyard, Thurcroft Hall, Brookhouse, Laughton, Sheffield, S25 1XZ. It has its principal place of business at a variety of retail locations.

The principal activity of the company is that of cafés and restaurants.

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

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.

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover from the sale of goods is recognised at the point of sale. Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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.

Domain is being amortised evenly over its estimated useful life of nil years.

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 etc - 10% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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.


MASSARELLA & CO LTD (REGISTERED NUMBER: 07350286)

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 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.

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 107 (2022 - 107 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 8,457
NET BOOK VALUE
At 31 December 2023 8,457
At 31 December 2022 8,457

MASSARELLA & CO LTD (REGISTERED NUMBER: 07350286)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 8,990 824,043 833,033
Additions - 129,971 129,971
Disposals - (7,200 ) (7,200 )
At 31 December 2023 8,990 946,814 955,804
DEPRECIATION
At 1 January 2023 - 272,065 272,065
Charge for year - 89,853 89,853
Eliminated on disposal - (6,210 ) (6,210 )
At 31 December 2023 - 355,708 355,708
NET BOOK VALUE
At 31 December 2023 8,990 591,106 600,096
At 31 December 2022 8,990 551,978 560,968

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,087 31,738
Other debtors 159,399 18,390
276,486 50,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 390,676 500,458
Amounts owed to group undertakings - 375
Taxation and social security 326,768 239,159
Other creditors 87,818 211,969
805,262 951,961