Registered number
09943241
OGGERETTI LTD
Filleted Accounts
31 January 2024
OGGERETTI LTD
Registered number: 09943241
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,751 2,334
Current assets
Debtors 4 500 500
Cash at bank and in hand 3,319 475
3,819 975
Creditors: amounts falling due within one year 5 5,624 5,468
Net current assets 9,443 6,443
Total assets less current liabilities 11,194 8,777
Creditors: amounts falling due after more than one year 6 (11,193) (15,547)
Net assets/(liabilities) 1 (6,770)
Capital and reserves
Called up share capital 1 1
Profit and loss account - (6,771)
Shareholders' funds 1 (6,770)
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.
Andrea Iotti
Director
Approved by the board on 7 October 2024
OGGERETTI LTD
Notes to the Accounts
for the year ended 31 January 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles 25% reducing balance method
Fixtures, fittings, tools and equipment 33 1/3% straight line method
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 February 2023 1,514 16,600 18,114
At 31 January 2024 1,514 16,600 18,114
Depreciation
At 1 February 2023 1,514 14,266 15,780
Charge for the year - 583 583
At 31 January 2024 1,514 14,849 16,363
Net book value
At 31 January 2024 - 1,751 1,751
At 31 January 2023 - 2,334 2,334
4 Debtors 2024 2023
£ £
Other debtors 500 500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,590 (999)
Other creditors (8,214) (4,469)
(5,624) (5,468)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,193 15,547
7 Controlling party
The company is under the control of Mr Andrea Iotti, the managing director and majority shareholder.
8 Other information
OGGERETTI LTD is a private company limited by shares and incorporated in England. Its registered office is:
Highlands Court
Highland Road
London
England
SE19 1DS
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