Registered number
10730300
IL MATTINO LTD
Filleted Accounts
30 April 2024
IL MATTINO LTD
Registered number: 10730300
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 80,614 94,755
Current assets
Stocks 89,134 97,720
Cash at bank and in hand 21,427 827
110,561 98,547
Creditors: amounts falling due within one year 4 (133,227) (138,703)
Net current liabilities (22,666) (40,156)
Total assets less current liabilities 57,948 54,599
Creditors: amounts falling due after more than one year 5 (10,786) (21,133)
Net assets 47,162 33,466
Capital and reserves
Called up share capital 120 120
Profit and loss account 47,042 33,346
Shareholders' funds 47,162 33,466
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Akin KOCER
Director
Approved by the board on 2 October 2024
IL MATTINO LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 130,428 17,100 147,528
Additions 14,866 - 14,866
Disposals (10,050) - (10,050)
At 30 April 2024 135,244 17,100 152,344
Depreciation
At 1 May 2023 47,171 5,602 52,773
Charge for the year 16,887 2,070 18,957
At 30 April 2024 64,058 7,672 71,730
Net book value
At 30 April 2024 71,186 9,428 80,614
At 30 April 2023 83,257 11,498 94,755
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 672
Trade creditors 3,970 29,062
Vat and social security costs 26,125 26,489
Other creditors 103,132 82,480
133,227 138,703
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,786 15,833
Other creditors - 5,300
10,786 21,133
6 Other information
IL MATTINO LTD is a private company limited by shares and incorporated in England. Its registered office is:
538 Chigwell Road
Woodford Green
London
 IG8 8PA
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