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
O Sole Mio Port Solent LTD
Company Information
for the year ended 31 October 2023
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
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
O Sole Mio Port Solent LTD
Statement of financial position
as at 31 October 2023
Intangible assets
2,065
2,478
Tangible assets
62,011
81,065
Cash at bank and in hand
25,129
5,882
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)
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
O Sole Mio Port Solent LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill amortized in 10 years.
4
Intangible fixed assets
Goodwill
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
At 31 October 2023
55,516
31,189
50,931
137,636
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
At 31 October 2023
30,379
13,158
18,474
62,011
At 31 October 2022
38,889
17,544
24,632
81,065
Amounts falling due within one year
Amounts due from group undertakings etc.
12,500
12,500
Accrued income and prepayments
12,736
13,313
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,154
10,960
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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,275
13,908
O Sole Mio Port Solent LTD
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).