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Company Registration No. 09352570 (England and Wales)
Gelato Americano Ltd Unaudited accounts for the year ended 31 March 2024
Gelato Americano Ltd Unaudited accounts Contents
Page
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Gelato Americano Ltd Company Information for the year ended 31 March 2024
Director
Krish Mirchandani
Company Number
09352570 (England and Wales)
Registered Office
53 Porchester Road Suite 26 London W2 5DX United Kingdom
Accountants
Yukimi Rabnott FCPFA for and on behalf of On The Spot Trading Name of Carson Rabnott Limited EC2Y 8BY
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Gelato Americano Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
231 
304 
Creditors: amounts falling due within one year
(146,868)
(145,434)
Net current liabilities
(146,637)
(145,130)
Net liabilities
(146,637)
(145,130)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(146,737)
(145,230)
Shareholders' funds
(146,637)
(145,130)
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 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 23 December 2024 and were signed on its behalf by
Krish Mirchandani Director Company Registration No. 09352570
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Gelato Americano Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gelato Americano Ltd is a private company, limited by shares, registered in England and Wales, registration number 09352570. The registered office is 53 Porchester Road, Suite 26, London, W2 5DX, 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.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Going concern
The difficult trading conditions experienced by this sector arising from the Coronavirus resulted in difficulties for the company. The directors are considering the next phase of the company's development, and, in the meantime will continue to support the company and have adopted the going concern basis of accounting
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:
Land & buildings
straight line over the term of the lease
Plant & machinery
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
7,450 
3,017 
10,467 
At 31 March 2024
7,450 
3,017 
10,467 
Depreciation
At 1 April 2023
7,450 
3,017 
10,467 
At 31 March 2024
7,450 
3,017 
10,467 
Net book value
At 31 March 2024
- 
- 
- 
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Gelato Americano Ltd Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
644 
480 
Loans from directors
146,224 
144,954 
146,868 
145,434 
6
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions. The amounts owed to directors are included within creditors. The balances are payable on demand and no interest is charged.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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