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REGISTERED NUMBER: 07068835 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

G Miccoli & Sons Limited

G Miccoli & Sons Limited (Registered number: 07068835)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G Miccoli & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A P Miccoli





SECRETARY: Streatham Secretarial Limited





REGISTERED OFFICE: Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY





REGISTERED NUMBER: 07068835 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

G Miccoli & Sons Limited (Registered number: 07068835)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £ £
FIXED ASSETS
Tangible assets 4 701,902 697,653

CURRENT ASSETS
Stocks 132,424 150,831
Debtors 57,413 53,604
Cash at bank 202,994 196,220
392,831 400,655
CREDITORS
Amounts falling due within one year (118,469 ) (82,946 )
NET CURRENT ASSETS 274,362 317,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,264

1,015,362

CREDITORS
Amounts falling due after more than one
year

5

(657,411

)

(678,330

)
NET ASSETS 318,853 337,032

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 317,853 336,032
SHAREHOLDERS' FUNDS 318,853 337,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

G Miccoli & Sons Limited (Registered number: 07068835)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2025 and were signed by:





Mr A P Miccoli - Director


G Miccoli & Sons Limited (Registered number: 07068835)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

G Miccoli & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Improvements to property - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Furniture & equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

G Miccoli & Sons Limited (Registered number: 07068835)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2023 984,983
Additions 30,591
Disposals (19,500 )
At 31 March 2024 996,074
DEPRECIATION
At 1 April 2023 287,330
Charge for year 24,470
Eliminated on disposal (17,628 )
At 31 March 2024 294,172
NET BOOK VALUE
At 31 March 2024 701,902
At 31 March 2023 697,653

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 April 2023
and 31 March 2024 43,780
DEPRECIATION
At 1 April 2023 19,154
Charge for year 6,156
At 31 March 2024 25,310
NET BOOK VALUE
At 31 March 2024 18,470
At 31 March 2023 24,626

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
31/3/24 31/3/23
£ £
Repayable by instalments
Bank loans > 5 years 226,839 238,324

G Miccoli & Sons Limited (Registered number: 07068835)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£ £
Amounts falling due in more than five years:
Repayable by instalments
Bank loans > 5 years 226,839 238,324

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £ £
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Retained
earnings
£

At 1 April 2023 336,032
Deficit for the year (18,179 )
At 31 March 2024 317,853