9 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-31 Sage Accounts Production Advanced 2023 - FRS102_2023 1,827 913 457 1,370 457 914 xbrli:pure xbrli:shares iso4217:GBP 12958573 2022-10-31 2023-10-29 12958573 2023-10-29 12958573 2022-10-30 12958573 2021-11-01 2022-10-30 12958573 2022-10-30 12958573 2021-10-31 12958573 core:FurnitureFittings 2022-10-31 2023-10-29 12958573 bus:Director1 2022-10-31 2023-10-29 12958573 core:FurnitureFittings 2022-10-30 12958573 core:FurnitureFittings 2023-10-29 12958573 core:AfterOneYear 2023-10-29 12958573 core:WithinOneYear 2023-10-29 12958573 core:WithinOneYear 2022-10-30 12958573 core:ShareCapital 2023-10-29 12958573 core:ShareCapital 2022-10-30 12958573 core:RetainedEarningsAccumulatedLosses 2023-10-29 12958573 core:RetainedEarningsAccumulatedLosses 2022-10-30 12958573 core:FurnitureFittings 2022-10-30 12958573 bus:SmallEntities 2022-10-31 2023-10-29 12958573 bus:AuditExemptWithAccountantsReport 2022-10-31 2023-10-29 12958573 bus:SmallCompaniesRegimeForAccounts 2022-10-31 2023-10-29 12958573 bus:PrivateLimitedCompanyLtd 2022-10-31 2023-10-29 12958573 bus:FullAccounts 2022-10-31 2023-10-29
COMPANY REGISTRATION NUMBER: 12958573
SANDRINO CONTINENTAL LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 October 2023
SANDRINO CONTINENTAL LTD
STATEMENT OF FINANCIAL POSITION
29 October 2023
29 Oct 23
30 Oct 22
Note
£
£
£
FIXED ASSETS
Tangible assets
5
457
914
CURRENT ASSETS
Stocks
5,000
4,000
Debtors
6
7,121
5,750
Cash at bank and in hand
20,381
889
--------
--------
32,502
10,639
CREDITORS: amounts falling due within one year
7
( 24,692)
( 28,154)
--------
--------
NET CURRENT ASSETS/(LIABILITIES)
7,810
( 17,515)
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
8,267
( 16,601)
CREDITORS: amounts falling due after more than one year
8
( 58,867)
PROVISIONS
( 105)
( 105)
--------
--------
NET LIABILITIES
( 50,705)
( 16,706)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 50,706)
( 16,707)
--------
--------
SHAREHOLDERS DEFICIT
( 50,705)
( 16,706)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SANDRINO CONTINENTAL LTD
STATEMENT OF FINANCIAL POSITION (continued)
29 October 2023
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
A Doro
Director
Company registration number: 12958573
SANDRINO CONTINENTAL LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 OCTOBER 2022 TO 29 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pasta Romagna, 26 Albion Place, Leeds, LS1 6JS, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 9 (2022: 12 ).
5. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 31 October 2022 and 29 October 2023
1,827
-------
Depreciation
At 31 October 2022
913
Charge for the period
457
-------
At 29 October 2023
1,370
-------
Carrying amount
At 29 October 2023
457
-------
At 30 October 2022
914
-------
6. DEBTORS
29 Oct 23
30 Oct 22
£
£
Other debtors
7,121
5,750
-------
-------
7. CREDITORS: amounts falling due within one year
29 Oct 23
30 Oct 22
£
£
Corporation tax
3,647
Social security and other taxes
12,566
19,357
Other creditors
12,126
5,150
--------
--------
24,692
28,154
--------
--------
8. CREDITORS: amounts falling due after more than one year
29 Oct 23
30 Oct 22
£
£
Bank loans and overdrafts
58,867
--------
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