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Company Registration No. 12529814 (England and Wales)
Giuseppe Manco Limited Unaudited accounts for the year ended 31 March 2024
Giuseppe Manco Limited Unaudited accounts Contents
Page
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Giuseppe Manco Limited Company Information for the year ended 31 March 2024
Directors
Giuseppe Manco Veronika Murugina
Company Number
12529814 (England and Wales)
Registered Office
10 Charlecote Mews, Staple Gardens Wichester Hampshire SO23 8SR UK
Accountants
Keys Accountants Service 31B Rudgleigh Road Bristol United Kingdom BS20 0DS
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Giuseppe Manco Limited Accountants' report
Accountants' report to the board of directors of Giuseppe Manco Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Keys Accountants Service 31B Rudgleigh Road Bristol United Kingdom BS20 0DS 26 September 2024
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Giuseppe Manco Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,065 
5,356 
Current assets
Inventories
2,200 
3,160 
Debtors
4,000 
4,000 
Cash at bank and in hand
9,462 
31,169 
15,662 
38,329 
Creditors: amounts falling due within one year
(14,505)
(22,322)
Net current assets
1,157 
16,007 
Net assets
4,222 
21,363 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,122 
21,263 
Shareholders' funds
4,222 
21,363 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by
Giuseppe Manco Director Company Registration No. 12529814
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Giuseppe Manco Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Giuseppe Manco Limited is a private company, limited by shares, registered in England and Wales, registration number 12529814. The registered office is 10 Charlecote Mews, Staple Gardens, Wichester, Hampshire, SO23 8SR, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Strait line
Computer equipment
25% Strait line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
Having reviewed the company's financial forecasts and expected future cash flows, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis has been adopted in preparing the financial statements for the year ended 31 March 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when the service is provided.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Giuseppe Manco Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
6,007 
3,158 
9,165 
At 31 March 2024
6,007 
3,158 
9,165 
Depreciation
At 1 April 2023
2,477 
1,332 
3,809 
Charge for the year
1,502 
789 
2,291 
At 31 March 2024
3,979 
2,121 
6,100 
Net book value
At 31 March 2024
2,028 
1,037 
3,065 
At 31 March 2023
3,530 
1,826 
5,356 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
2,200 
3,160 
2,200 
3,160 
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,000 
4,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,016 
7,706 
Trade creditors
5,158 
4,949 
Taxes and social security
1,831 
3,566 
Loans from directors
- 
5,301 
Accruals
500 
800 
14,505 
22,322 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Giuseppe Manco Limited Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Giuseppe Manco
5,300 
- 
5,300 
- 
5,300 
- 
5,300 
- 
The Directors loan accounts are fully repaid to the Directors G Manco and V Murugina at the year of the year.
10
Transactions with related parties
During the year, the company declared and paid dividends of £26000.00
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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