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Company Registration No. 12482815 (England and Wales)
Italia Solutions Uk Ltd Unaudited accounts for the year ended 31 March 2024
Italia Solutions Uk Ltd Unaudited accounts Contents
Page
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Italia Solutions Uk Ltd Company Information for the year ended 31 March 2024
Director
Anita McGuigan
Company Number
12482815 (England and Wales)
Registered Office
Oak Cottage Fen Place Farm East Street Turners Hill, West Sussex RH10 4QA United Kingdom
Accountants
Your Cloud Accountant Limited The Keep Creech Castle Taunton Somerset TA1 2DX
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Italia Solutions Uk Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
635 
- 
Current assets
Inventories
33,160 
18,000 
Debtors
3,969 
5,631 
Cash at bank and in hand
6,681 
9,245 
43,810 
32,876 
Creditors: amounts falling due within one year
(15,005)
(15,400)
Net current assets
28,805 
17,476 
Net assets
29,440 
17,476 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
29,438 
17,474 
Shareholders' funds
29,440 
17,476 
For the year ending 31 March 2024 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 9 October 2024 and were signed on its behalf by
Anita McGuigan Director Company Registration No. 12482815
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Italia Solutions Uk Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Italia Solutions Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 12482815. The registered office is Oak Cottage, Fen Place Farm, East Street, Turners Hill,, West Sussex, RH10 4QA, 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
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
3 Year Straight Line
Fixtures & fittings
3 Year Straight Line
Computer equipment
3 Year Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
735 
At 31 March 2024
735 
Depreciation
Charge for the year
100 
At 31 March 2024
100 
Net book value
At 31 March 2024
635 
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Italia Solutions Uk Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,969 
5,631 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,964 
3,018 
Taxes and social security
6,205 
9,834 
Other creditors
66 
38 
Accruals
770 
2,510 
15,005 
15,400 
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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