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Registration number: 09884337

Foscarini UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Foscarini UK Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Foscarini UK Ltd

Company Information

Director

Mr C Urbinati

Registered office

6th Floor
One London Wall
London
EC2Y 5EB

Accountants

DG Accountancy Services Limited
Chartered Accountants17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Foscarini UK Ltd

(Registration number: 09884337)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

930

16,644

Debtors

5

57,772

47,098

Cash at bank and in hand

 

428,761

272,198

 

487,463

335,940

Creditors: Amounts falling due within one year

6

(157,852)

(115,298)

Total assets less current liabilities

 

329,611

220,642

Provisions for liabilities

(572)

-

Net assets

 

329,039

220,642

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

319,039

210,642

Shareholders' funds

 

329,039

220,642

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 January 2025
 

.........................................
Mr C Urbinati
Director

   
     
 

Foscarini UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6th Floor
One London Wall
London
EC2Y 5EB

These financial statements were authorised for issue by the director on 28 January 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Foscarini UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Stocks

2024
£

2023
£

Other inventories

930

16,644

5

Debtors

Current

2024
£

2023
£

Trade debtors

57,014

47,098

Prepayments

758

-

 

57,772

47,098

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

88,448

51,118

Taxation and social security

54,800

61,988

Accruals and deferred income

14,604

2,193

Other creditors

-

(1)

157,852

115,298

7

Related party transactions

Summary of transactions with subsidiaries

Foscarini UK Ltd is a subsidiary of Foscarini S.p.A.
Their registered address is
via delle Industrie 27
30020 Marcon, Venice
Italy