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Registered number: 14853633
Fuoriporto Limited
Unaudited Financial Statements
For the Period 8 May 2023 to 31 May 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14853633
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 30,678
30,678
CURRENT ASSETS
Stocks 5 6,594
Debtors 6 14,181
Cash at bank and in hand 2,539
23,314
Creditors: Amounts Falling Due Within One Year 7 (106,620 )
NET CURRENT ASSETS (LIABILITIES) (83,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,628 )
Creditors: Amounts Falling Due After More Than One Year 8 (11,728 )
NET LIABILITIES (64,356 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (64,456 )
SHAREHOLDERS' FUNDS (64,356)
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For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alex Di Santo
Director
7th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fuoriporto Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14853633 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10%
Plant & Machinery 20%
Fixtures & Fittings 25%
Computer Equipment 33.33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 8 May 2023 4,008 15,244 12,556 1,998 33,806
As at 31 May 2024 4,008 15,244 12,556 1,998 33,806
Depreciation
As at 8 May 2023 203 1,220 1,452 253 3,128
As at 31 May 2024 203 1,220 1,452 253 3,128
Net Book Value
As at 31 May 2024 3,805 14,024 11,104 1,745 30,678
As at 8 May 2023 3,805 14,024 11,104 1,745 30,678
5. Stocks
31 May 2024
£
Stock 6,594
6. Debtors
31 May 2024
£
Due within one year
Other debtors 14,181
7. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 1,711
Other loans 2,695
Other creditors 100,576
Taxation and social security 1,638
106,620
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8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024
£
Other loans 11,728
9. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 100
10. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
11. Going Concern
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.
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