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Registered number: 11337993
S & E LA SPEZIA LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11337993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,170 20,170
Tangible Assets 5 50,063 61,054
70,233 81,224
CURRENT ASSETS
Debtors 6 60,413 15,086
Cash at bank and in hand 21,580 2,368
81,993 17,454
Creditors: Amounts Falling Due Within One Year 7 (63,543 ) (21,709 )
NET CURRENT ASSETS (LIABILITIES) 18,450 (4,255 )
TOTAL ASSETS LESS CURRENT LIABILITIES 88,683 76,969
Creditors: Amounts Falling Due After More Than One Year 8 (27,052 ) (28,014 )
NET ASSETS 61,631 48,955
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 61,629 48,953
SHAREHOLDERS' FUNDS 61,631 48,955
Page 1
Page 2
For the year 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 her 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
Miss Elisa Lampugnale
Director
27th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S & E LA SPEZIA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11337993 . The registered office is Suite 2 The Barbican Centre Lustleigh Close, Marsh Barton Trading Estate, Exeter, Devon, EX2 8PW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 18% Reducing balance
Motor Vehicles 18% Reducing balance
Fixtures & Fittings 18% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 20,170
As at 31 May 2024 20,170
Net Book Value
As at 31 May 2024 20,170
As at 1 June 2023 20,170
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Page 4
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 57,801 14,950 45,904 118,655
As at 31 May 2024 57,801 14,950 45,904 118,655
Depreciation
As at 1 June 2023 34,758 6,708 16,135 57,601
Provided during the period 4,148 1,484 5,359 10,991
As at 31 May 2024 38,906 8,192 21,494 68,592
Net Book Value
As at 31 May 2024 18,895 6,758 24,410 50,063
As at 1 June 2023 23,043 8,242 29,769 61,054
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,200 7,200
Other debtors (1) 53,213 -
Director's loan account - 7,886
60,413 15,086
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 363 92
VAT 44,360 19,984
Accruals and deferred income 2,000 1,633
Director's loan account 16,820 -
63,543 21,709
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,052 28,014
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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