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REGISTERED NUMBER: 07606665 (England and Wales)















NATOLI (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NATOLI (UK) LIMITED (REGISTERED NUMBER: 07606665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATOLI (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: C J Russell





REGISTERED OFFICE: 33-37 Kingsway
Kirkby-in-Ashfield
Nottinghamshire
NG17 7DR





REGISTERED NUMBER: 07606665 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

NATOLI (UK) LIMITED (REGISTERED NUMBER: 07606665)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,206 61,125

CURRENT ASSETS
Stocks 15,000 9,000
Debtors 5 326,246 577,000
Cash at bank and in hand 305,726 139,022
646,972 725,022
CREDITORS
Amounts falling due within one year 6 287,616 445,634
NET CURRENT ASSETS 359,356 279,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,562

340,513

CREDITORS
Amounts falling due after more than one
year

7

286,817

291,572
NET ASSETS 124,745 48,941

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 124,743 48,939
SHAREHOLDERS' FUNDS 124,745 48,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NATOLI (UK) LIMITED (REGISTERED NUMBER: 07606665)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





C J Russell - Director


NATOLI (UK) LIMITED (REGISTERED NUMBER: 07606665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Natoli (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

NATOLI (UK) LIMITED (REGISTERED NUMBER: 07606665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 16,684 67,880 84,564
Additions 791 - 791
At 30 April 2024 17,475 67,880 85,355
DEPRECIATION
At 1 May 2023 13,257 10,182 23,439
Charge for year 1,055 8,655 9,710
At 30 April 2024 14,312 18,837 33,149
NET BOOK VALUE
At 30 April 2024 3,163 49,043 52,206
At 30 April 2023 3,427 57,698 61,125

The net book value of tangible fixed assets includes £ 49,043 (2023 - £ 57,698 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 305,443 555,788
Other debtors 20,803 21,212
326,246 577,000

NATOLI (UK) LIMITED (REGISTERED NUMBER: 07606665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,729 5,729
Trade creditors 140,314 337,110
Taxation and social security 122,079 89,756
Other creditors 19,494 13,039
287,616 445,634

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 36,817 41,192
Trade creditors 250,000 250,000
Amounts owed to participating interests - 380
286,817 291,572

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £69,000 (2023 - £56,500) were paid to the director .