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REGISTERED NUMBER: 06458202 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Dettagli Limited

Dettagli Limited (Registered number: 06458202)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Dettagli Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: R S Watson
Mrs L Delgado





SECRETARY: Mrs L Delgado





REGISTERED OFFICE: Avenue Buildings
113b High Street
Tarporley
Cheshire
CW6 0AY





REGISTERED NUMBER: 06458202 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD

Dettagli Limited (Registered number: 06458202)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,252 4,483

CURRENT ASSETS
Stocks 237,487 234,274
Debtors 5 67,994 73,168
Cash at bank and in hand 104,755 135,087
410,236 442,529
CREDITORS
Amounts falling due within one year 6 123,115 129,425
NET CURRENT ASSETS 287,121 313,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,373

317,587

CREDITORS
Amounts falling due after more than one year 7 (17,500 ) (27,500 )

PROVISIONS FOR LIABILITIES (1,313 ) (852 )
NET ASSETS 273,560 289,235

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 273,556 289,231
SHAREHOLDERS' FUNDS 273,560 289,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 19th September 2024 and were signed on its behalf by:





R S Watson - Director


Dettagli Limited (Registered number: 06458202)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Dettagli 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 (£).


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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings-25% on reducing balance
Computer equipment-25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Dettagli Limited (Registered number: 06458202)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 54,961 4,081 59,042
Additions 2,519 - 2,519
At 31st December 2023 57,480 4,081 61,561
DEPRECIATION
At 1st January 2023 50,551 4,008 54,559
Charge for year 1,732 18 1,750
At 31st December 2023 52,283 4,026 56,309
NET BOOK VALUE
At 31st December 2023 5,197 55 5,252
At 31st December 2022 4,410 73 4,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 67,994 73,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 76,059 64,617
Taxation and social security 33,248 52,053
Other creditors 3,808 2,755
123,115 129,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,500 27,500

Dettagli Limited (Registered number: 06458202)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 27,500 37,500

There is a fixed and floating charge over all assets from the existing HSBC Bank PLC.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
R S Watson
Balance outstanding at start of year 32,953 25,245
Amounts advanced - 46,664
Amounts repaid - (38,956 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 32,953

Mrs L Delgado
Balance outstanding at start of year 32,955 25,247
Amounts advanced - 46,664
Amounts repaid - (38,956 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 32,955

Interest was charged on all outstanding balances in accordance with HMRC recommended rates.

The above loans were repaid within 9 months of the financial year end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R S Watson.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dettagli Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dettagli Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dettagli Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dettagli Limited and state those matters that we have agreed to state to the Board of Directors of Dettagli Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dettagli Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dettagli Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dettagli Limited. You consider that Dettagli Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dettagli Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD


19th September 2024