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REGISTERED NUMBER: 12388848 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NONNO PEPPE LTD

NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NONNO PEPPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: G Marzano





REGISTERED OFFICE: 18 High West street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 12388848 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,935 49,215

CURRENT ASSETS
Stocks 600 600
Debtors 5 1,581 3,736
Cash at bank and in hand 645 4,560
2,826 8,896
CREDITORS
Amounts falling due within one year 6 72,986 81,436
NET CURRENT LIABILITIES (70,160 ) (72,540 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,225

)

(23,325

)

CREDITORS
Amounts falling due after more than one
year

7

8,708

-
NET LIABILITIES (50,933 ) (23,325 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (50,934 ) (23,326 )
SHAREHOLDERS' FUNDS (50,933 ) (23,325 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





G Marzano - Director


NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Nonno Peppe Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property - in accordance with the property
Furniture and equipment - 25% on cost
Motor vehicles - 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 Statement of Income and Retained Earnings, 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.

NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Leasehold and Motor Computer
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 4,124 46,401 36,409 1,465 88,399
Additions - 350 12,057 1,007 13,414
Disposals - (41,880 ) (16,409 ) - (58,289 )
At 31 January 2024 4,124 4,871 32,057 2,472 43,524
DEPRECIATION
At 1 February 2023 1,301 22,439 14,956 488 39,184
Charge for year 516 1,032 7,014 496 9,058
Eliminated on disposal - (21,697 ) (10,956 ) - (32,653 )
At 31 January 2024 1,817 1,774 11,014 984 15,589
NET BOOK VALUE
At 31 January 2024 2,307 3,097 21,043 1,488 27,935
At 31 January 2023 2,823 23,962 21,453 977 49,215

NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 20,000
Additions 12,057
At 31 January 2024 32,057
DEPRECIATION
At 1 February 2023 4,000
Charge for year 7,014
At 31 January 2024 11,014
NET BOOK VALUE
At 31 January 2024 21,043
At 31 January 2023 16,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 80
Other debtors 1,581 1,581
VAT - 1,718
Prepayments - 357
1,581 3,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,042 24,444
Hire purchase contracts 4,750 18,209
Trade creditors (148 ) 1,616
Social security and other taxes 1,934 2,415
VAT 3,185 -
Directors' loan accounts 38,337 34,752
Accrued expenses 1,886 -
72,986 81,436

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 8,708 -

NONNO PEPPE LTD (REGISTERED NUMBER: 12388848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,458 18,209

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1