Company Registration No. 08526698 (England and Wales)
Paella Amigo Limited
Unaudited accounts
for the year ended 30 April 2024
Paella Amigo Limited
Unaudited accounts
Contents
Paella Amigo Limited
Company Information
for the year ended 30 April 2024
Company Number
08526698 (England and Wales)
Registered Office
Unit 3 46 Minerva Road,
(Hallway Opposite Speedy)
London
NW10 6HJ
UK
Accountants
Bluestone
7 Bell Yard
London
United Kingdom
WC2A 2JR
Paella Amigo Limited
Statement of financial position
as at 30 April 2024
Tangible assets
5,846
22,040
Inventories
530,806
580,238
Cash at bank and in hand
1,000,726
554,322
Creditors: amounts falling due within one year
(675,902)
(699,040)
Net current assets
1,506,153
1,013,065
Net assets
1,511,999
1,035,105
Called up share capital
300
300
Profit and loss account
1,511,699
1,034,805
Shareholders' funds
1,511,999
1,035,105
For the year ending 30 April 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 his 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 14 November 2024 and were signed on its behalf by
Oscar Casorran
Director
Company Registration No. 08526698
Paella Amigo Limited
Notes to the Accounts
for the year ended 30 April 2024
Paella Amigo Limited is a private company, limited by shares, registered in England and Wales, registration number 08526698. The registered office is Unit 3 46 Minerva Road,, (Hallway Opposite Speedy), London, NW10 6HJ, UK.
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
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
99,333
109,789
30,703
239,825
Additions
15,400
10,499
1,332
27,231
At 30 April 2024
114,733
120,288
32,035
267,056
At 1 May 2023
85,940
102,728
29,117
217,785
Charge for the year
22,947
17,560
2,918
43,425
At 30 April 2024
108,887
120,288
32,035
261,210
At 30 April 2024
5,846
-
-
5,846
At 30 April 2023
13,393
7,061
1,586
22,040
Paella Amigo Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
587,036
524,862
Other debtors
63,487
52,683
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
314,041
382,423
Taxes and social security
213,210
125,870
Other creditors
8,370
16,170
Loans from directors
140,281
174,577
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Transactions with related parties
The company was under the control of Mr. Oscar Casorran throughout both the current and previous financial years. Mr. Oscar Casorran serves as the Managing Director and sole shareholder of the company.
During the year, Mr. Casorran received a director's salary of £12,570 (2023: £9,848).
At the year-end, the company owed the director £140,281 (2023: £174,577). No interest was charged on this amount, and there are no fixed repayment terms.
Additionally, Mr. Oscar Casorran formed a new company, Gourmet at Home Ltd, on 1st May 2020, where he holds a 90% shareholding and serves as a director.
At the yearend Paella Amigo ltd has made a sale of £32,463 (2023: £28,527) to the Gourmet at home ltd and receivable of £23 (2023:£4,799).
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Average number of employees
During the year the average number of employees was 22 (2023: 19).