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Company Registration No. 11645336 (England and Wales)
O Sole Mio Port Solent LTD Unaudited accounts for the year ended 31 October 2023
O Sole Mio Port Solent LTD Unaudited accounts Contents
Page
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O Sole Mio Port Solent LTD Company Information for the year ended 31 October 2023
Director
Dorina Jacelli
Company Number
11645336 (England and Wales)
Registered Office
203 West street Fareham Hampshire PO16 0EN United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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O Sole Mio Port Solent LTD Accountants' report
Accountants' report to the director of O Sole Mio Port Solent LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of O Sole Mio Port Solent LTD for the year ended 31 October 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of O Sole Mio Port Solent LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of O Sole Mio Port Solent LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O Sole Mio Port Solent LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that O Sole Mio Port Solent LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of O Sole Mio Port Solent LTD. You consider that O Sole Mio Port Solent LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of O Sole Mio Port Solent LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 1 September 2024
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O Sole Mio Port Solent LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,065 
2,478 
Tangible assets
62,011 
81,065 
64,076 
83,543 
Current assets
Inventories
15,000 
15,000 
Debtors
218,428 
25,813 
Cash at bank and in hand
25,129 
5,882 
258,557 
46,695 
Creditors: amounts falling due within one year
(330,176)
(224,408)
Net current liabilities
(71,619)
(177,713)
Total assets less current liabilities
(7,543)
(94,170)
Creditors: amounts falling due after more than one year
(51,031)
(40,520)
Net liabilities
(58,574)
(134,690)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(58,674)
(134,790)
Shareholders' funds
(58,574)
(134,690)
For the year ending 31 October 2023 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 director acknowledges her 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 and authorised for issue on 1 September 2024 and were signed on its behalf by
Dorina Jacelli Director Company Registration No. 11645336
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O Sole Mio Port Solent LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
O Sole Mio Port Solent LTD is a private company, limited by shares, registered in England and Wales, registration number 11645336. The registered office is 203 West street, Fareham, Hampshire, PO16 0EN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing method
Motor vehicles
25% reducing method
Fixtures & fittings
25% reducing method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill amortized in 10 years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
4,130 
At 31 October 2023
4,130 
Amortisation
At 1 November 2022
1,652 
Charge for the year
413 
At 31 October 2023
2,065 
Net book value
At 31 October 2023
2,065 
At 31 October 2022
2,478 
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O Sole Mio Port Solent LTD Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
54,236 
31,189 
50,931 
136,356 
Additions
1,280 
- 
- 
1,280 
At 31 October 2023
55,516 
31,189 
50,931 
137,636 
Depreciation
At 1 November 2022
15,347 
13,645 
26,299 
55,291 
Charge for the year
9,790 
4,386 
6,158 
20,334 
At 31 October 2023
25,137 
18,031 
32,457 
75,625 
Net book value
At 31 October 2023
30,379 
13,158 
18,474 
62,011 
At 31 October 2022
38,889 
17,544 
24,632 
81,065 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
12,500 
12,500 
Accrued income and prepayments
12,736 
13,313 
Other debtors
193,192 
- 
218,428 
25,813 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,154 
10,960 
VAT
79,188 
- 
Obligations under finance leases and hire purchase contracts
4,633 
4,633 
Trade creditors
39,808 
27,092 
Taxes and social security
22,220 
55,096 
Other creditors
1,907 
3,735 
Loans from directors
162,419 
122,543 
Accruals
3,847 
349 
330,176 
224,408 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,756 
26,612 
Obligations under finance leases and hire purchase contracts
9,275 
13,908 
51,031 
40,520 
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O Sole Mio Port Solent LTD Notes to the Accounts for the year ended 31 October 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dorina Jacelli
Director Loan Account
(122,543)
(146,497)
(106,621)
(162,419)
(122,543)
(146,497)
(106,621)
(162,419)
11
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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