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
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
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
Giuseppe Manco Limited
Statement of financial position
as at 31 March 2024
Tangible assets
3,065
5,356
Cash at bank and in hand
9,462
31,169
Creditors: amounts falling due within one year
(14,505)
(22,322)
Net current assets
1,157
16,007
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
Giuseppe Manco Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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 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.
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.
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
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
At 31 March 2024
2,028
1,037
3,065
At 31 March 2023
3,530
1,826
5,356
Finished goods
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.
Amounts falling due within one year
Accrued income and prepayments
4,000
4,000
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,158
4,949
Taxes and social security
1,831
3,566
Loans from directors
-
5,301
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Giuseppe Manco Limited
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).