Registered number
15110052
Sari Giuliano Limited
Filleted Accounts
30 September 2024
Sari Giuliano Limited
Registered number: 15110052
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Intangible assets 3 16,400
Tangible assets 4 1,357
17,757
Current assets
Stocks 1,000
Debtors 5 5,136
Cash at bank and in hand 26,740
32,876
Creditors: amounts falling due within one year 6 (9,896)
Net current assets 22,980
Total assets less current liabilities 40,737
Creditors: amounts falling due after more than one year 7 (31,936)
Net assets 8,801
Capital and reserves
Called up share capital 100
Profit and loss account 8,701
Shareholders' funds 8,801
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nihat Sari
Director
Approved by the board on 15 November 2024
Sari Giuliano Limited
Notes to the Accounts
for the period from 1 September 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 18% reducing balance method
Fixtures, fittings, tools and equipment 18% reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 6
3 Intangible fixed assets £
Goodwill:
Cost
Additions 16,400
At 30 September 2024 16,400
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 16,400
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,655
At 30 September 2024 1,655
Depreciation
Charge for the period 298
At 30 September 2024 298
Net book value
At 30 September 2024 1,357
5 Debtors 2024
£
Other debtors 5,136
6 Creditors: amounts falling due within one year 2024
£
Trade creditors 1,223
Taxation and social security costs 8,673
9,896
7 Creditors: amounts falling due after one year 2024
£
Other creditors 31,936
8 Other information
Sari Giuliano Limited is a private company limited by shares and incorporated in England. Its registered office is:
329 Meadow Head
Sheffield
S8 7UP
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