Luisa Montaldo Limited 08163385 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of dental practice activities. Digita Accounts Production Advanced 6.30.9574.0 true 08163385 2023-08-01 2024-07-31 08163385 2024-07-31 08163385 bus:OrdinaryShareClass1 2024-07-31 08163385 core:CurrentFinancialInstruments 2024-07-31 08163385 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 08163385 core:FurnitureFittingsToolsEquipment 2024-07-31 08163385 1 2024-07-31 08163385 bus:SmallEntities 2023-08-01 2024-07-31 08163385 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08163385 bus:FullAccounts 2023-08-01 2024-07-31 08163385 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08163385 bus:RegisteredOffice 2023-08-01 2024-07-31 08163385 bus:Director1 2023-08-01 2024-07-31 08163385 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 08163385 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08163385 bus:Agent1 2023-08-01 2024-07-31 08163385 core:ComputerEquipment 2023-08-01 2024-07-31 08163385 core:FurnitureFittings 2023-08-01 2024-07-31 08163385 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 08163385 countries:EnglandWales 2023-08-01 2024-07-31 08163385 1 2023-08-01 2024-07-31 08163385 2023-07-31 08163385 core:FurnitureFittingsToolsEquipment 2023-07-31 08163385 1 2023-07-31 08163385 2022-08-01 2023-07-31 08163385 2023-07-31 08163385 bus:OrdinaryShareClass1 2023-07-31 08163385 core:CurrentFinancialInstruments 2023-07-31 08163385 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 08163385 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-07-31 08163385 core:FurnitureFittingsToolsEquipment 2023-07-31 08163385 core:PreviouslyStatedAmount 2023-07-31 08163385 1 2023-07-31 08163385 1 2022-08-01 2023-07-31 08163385 1 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08163385

Luisa Montaldo Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Luisa Montaldo Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

Luisa Montaldo Limited

Company Information

Director

Miss Luisa Montaldo

Registered office

Unit 8 The Courtyard Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Luisa Montaldo Limited

Director's Report for the Year Ended 31 July 2024

The director presents her report and the financial statements for the year ended 31 July 2024.

Director of the company

The director who held office during the year was as follows:

Miss Luisa Montaldo

Principal activity

The principal activity of the company is that of dental practice activities.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 8 January 2025 and signed on its behalf by:

.........................................
Miss Luisa Montaldo
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Luisa Montaldo Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Luisa Montaldo Limited for the year ended 31 July 2024 as set out on pages 4 to 9 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 Luisa Montaldo Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Luisa Montaldo Limited and state those matters that we have agreed to state to the Board of Directors of Luisa Montaldo Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Luisa Montaldo Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Luisa Montaldo Limited 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 Luisa Montaldo Limited. You consider that Luisa Montaldo Limited 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 Luisa Montaldo Limited. 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.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

8 January 2025

 

Luisa Montaldo Limited

(Registration number: 08163385)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,187

2,508

Current assets

 

Debtors

6

72,406

85,386

Cash at bank and in hand

 

22,388

10,899

 

94,794

96,285

Creditors: Amounts falling due within one year

7

(8,548)

(9,953)

Net current assets

 

86,246

86,332

Total assets less current liabilities

 

87,433

88,840

Provisions for liabilities

(226)

(477)

Net assets

 

87,207

88,363

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

87,206

88,362

Shareholders' funds

 

87,207

88,363

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 January 2025
 

.........................................
Miss Luisa Montaldo
Director

 

Luisa Montaldo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ
United Kingdom

These financial statements were authorised for issue by the director on 8 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates, discounts, license and levy fees.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Luisa Montaldo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 Years straight line

Fixtures and Fittings

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Luisa Montaldo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,321

1,349

 

Luisa Montaldo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

6,998

6,998

At 31 July 2024

6,998

6,998

Depreciation

At 1 August 2023

4,490

4,490

Charge for the year

1,321

1,321

At 31 July 2024

5,811

5,811

Carrying amount

At 31 July 2024

1,187

1,187

At 31 July 2023

2,508

2,508

6

Debtors

2024
£

2023
£

Trade debtors

11,374

11,962

Prepayments

1,414

1,899

Other debtors

59,618

71,525

72,406

85,386

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

120

Taxation and social security

 

6,753

8,253

Other creditors

 

1,795

1,580

 

8,548

9,953

 

Luisa Montaldo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       

9

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Loan to director

60,053

29,394

(41,533)

47,914

 

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Loan to director

59,366

37,843

(37,156)

60,053

 

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.