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Registered Number: SC510820
Scotland

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 July 2024

for

BAMBINO&I LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 2,584  3,535 
Current assets 27,580  29,006 
Prepayments and accrued income 900  900 
Creditors: amount falling due within one year (55,275) (54,964)
Net current assets/(liabilities) (26,795) (25,058)
Total assets less current liabilities (24,211) (21,523)
Net assets/(liabilities) (24,211) (21,523)
 
Capital and reserves (24,211) (21,523)
 
  1. For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Jan Tracy Mamauag Mackie
Director

Date approved: 28 April 2025
1
Statutory Information
BAMBINO&I LTD is a private limited company, limited by shares, domiciled in Scotland, registration number SC510820, registration address Rizal 1b Heathery Park, Gulberwick, Shetland, ZE2 9GD, Scotland.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment20% Reducing Balance
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Intangible fixed assets

Cost or Valuation   Other   Total
    £   £
At 01 August 2023   12,902    12,902 
Additions    
At 31 July 2024   12,902    12,902 
Amortisation
At 01 August 2023   9,671    9,671 
Charge for year   647    647 
At 31 July 2024   10,318    10,318 
Net book values
At 31 July 2024   2,584    2,584 
At 31 July 2023   3,231    3,231 

3.

Tangible fixed assets

Cost or Valuation   Computer Equipment   Total
    £   £
At 01 August 2023   1,162    1,162 
Additions    
At 31 July 2024   1,162    1,162 
Depreciation
At 01 August 2023   858    858 
Charge for year   304    304 
At 31 July 2024   1,162    1,162 
Net book values
Closing balance as at 31 July 2024    
Opening balance as at 01 August 2023   304    304 

4.

Average number of employees

Average number of employees during the year was 0 (2023: 0).
2