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Company Registration No. 07990209 (England and Wales)
DA MARIO AUTOS LTD Unaudited accounts for the period from 1 April 2023 to 29 March 2024
DA MARIO AUTOS LTD Unaudited accounts Contents
Page
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DA MARIO AUTOS LTD Company Information for the period from 1 April 2023 to 29 March 2024
Director
Mr. Franco Salvatore Fraulo
Company Number
07990209 (England and Wales)
Registered Office
20 PINE GROVE LONDON N4 3LL
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield Middlesex EN1 1SJ
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DA MARIO AUTOS LTD Statement of financial position as at 29 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,923 
3,607 
Current assets
Inventories
1,356 
2,355 
Debtors
2,213 
- 
Cash at bank and in hand
42,101 
53,380 
45,670 
55,735 
Creditors: amounts falling due within one year
(28,331)
(29,038)
Net current assets
17,339 
26,697 
Total assets less current liabilities
20,262 
30,304 
Creditors: amounts falling due after more than one year
(19,954)
(23,944)
Net assets
308 
6,360 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
208 
6,260 
Shareholders' funds
308 
6,360 
For the period ending 29 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 15 February 2025 and were signed on its behalf by
Mr. Franco Salvatore Fraulo Director Company Registration No. 07990209
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DA MARIO AUTOS LTD Notes to the Accounts for the period from 1 April 2023 to 29 March 2024
1
Statutory information
DA MARIO AUTOS LTD is a private company, limited by shares, registered in England and Wales, registration number 07990209. The registered office is 20 PINE GROVE, LONDON, N4 3LL.
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 period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
15% Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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DA MARIO AUTOS LTD Notes to the Accounts for the period from 1 April 2023 to 29 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
5,960 
5,345 
11,305 
At 29 March 2024
5,960 
5,345 
11,305 
Depreciation
At 1 April 2023
3,100 
4,598 
7,698 
Charge for the period
572 
112 
684 
At 29 March 2024
3,672 
4,710 
8,382 
Net book value
At 29 March 2024
2,288 
635 
2,923 
At 31 March 2023
2,860 
747 
3,607 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,213 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,800 
4,800 
Taxes and social security
20,510 
18,954 
Loans from directors
676 
1,571 
Accruals
2,345 
3,713 
28,331 
29,038 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,954 
23,944 
8
Transactions with related parties
At the balance sheet date, where the director held controlling interest, the company owed the director £676.
9
Controlling party
The controlling party is that of Franco Salvatore Fraulo as he holds all of the issued share capital of the company.
10
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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