Company Registration No. 12295551 (England and Wales)
FRANCO’S ITALIAN LTD
Unaudited accounts
for the year ended 30 November 2022
FRANCO’S ITALIAN LTD
Unaudited accounts
Contents
FRANCO’S ITALIAN LTD
Company Information
for the year ended 30 November 2022
Director
Muhammad Ali Chaudry
Company Number
12295551 (England and Wales)
Registered Office
4
PALLISTER ROAD
CLACTON-ON-SEA
ESSEX
CO15 1PQ
FRANCO’S ITALIAN LTD
Statement of financial position
as at 30 November 2022
Tangible assets
42,709
56,946
Cash at bank and in hand
359
2,340
Creditors: amounts falling due within one year
(153,869)
(95,055)
Net current liabilities
(153,510)
(92,715)
Total assets less current liabilities
(110,801)
(35,769)
Creditors: amounts falling due after more than one year
(34,281)
(44,399)
Net liabilities
(145,082)
(80,168)
Called up share capital
100
100
Profit and loss account
(145,182)
(80,268)
Shareholders' funds
(145,082)
(80,168)
For the year ending 30 November 2022 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 17 February 2023 and were signed on its behalf by
Muhammad Ali Chaudry
Director
Company Registration No. 12295551
FRANCO’S ITALIAN LTD
Notes to the Accounts
for the year ended 30 November 2022
FRANCO’S ITALIAN LTD is a private company, limited by shares, registered in England and Wales, registration number 12295551. The registered office is 4, PALLISTER ROAD, CLACTON-ON-SEA, ESSEX, CO15 1PQ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2021
40,255
60,518
100,773
At 30 November 2022
40,255
60,518
100,773
At 1 December 2021
17,612
26,215
43,827
Charge for the year
5,661
8,576
14,237
At 30 November 2022
23,273
34,791
58,064
At 30 November 2022
16,982
25,727
42,709
At 30 November 2021
22,643
34,303
56,946
5
Creditors: amounts falling due within one year
2022
2021
Trade creditors
18,000
8,550
Taxes and social security
621
9,476
Loans from directors
100,444
55,194
FRANCO’S ITALIAN LTD
Notes to the Accounts
for the year ended 30 November 2022
6
Creditors: amounts falling due after more than one year
2022
2021
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).