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COMPANY REGISTRATION NUMBER: 07330657
Andrea Atzeni Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
Andrea Atzeni Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
30,011
143,030
Investments
6
100,000
100,000
Cash at bank and in hand
21,050
---------
---------
130,011
264,080
Creditors: amounts falling due within one year
7
102,399
110,649
---------
---------
Net current assets
27,612
153,431
--------
---------
Total assets less current liabilities
27,612
153,431
--------
---------
Net assets
27,612
153,431
--------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
27,611
153,430
--------
---------
Shareholders funds
27,612
153,431
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Mr A Atzeni
Director
Company registration number: 07330657
Andrea Atzeni Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Current asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Going concern
The company's principal source of income ceased during September 2023 and it is not known whether any new sources of income will be obtained. The Director has indicated that he will continue to support the company in the future and accordingly the financial statements have been prepared on a going concern basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year in respect of services rendered, exclusive of Value Added Tax. Turnover in respect of retentions is recognised over the period it relates to.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Other debtors
30,011
143,030
--------
---------
6. Investments
2024
2023
£
£
Other investments
100,000
100,000
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
14,474
Trade creditors
5,187
5,802
Social security and other taxes
75,933
94,716
Other creditors
6,805
10,131
---------
---------
102,399
110,649
---------
---------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases amount to £Nil (2023: £8,536).
9. Director's advances, credits and guarantees
During the current and previous year the company made advances to and received repayments from the director. Interest has been charged at the official HMRC rate on any overdrawn balances exceeding £10,000. There are no repayment terms.
2024 2023
£ £
Advances 103,596 161,943
Repayments 208,690 279,605
Amounts due to the company 28,701 133,795