2023-09-012024-08-312024-08-31false12823056IL MULINO 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IL MULINO LIMITED

Registered Number
12823056
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

IL MULINO LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

RIBAUDO, Alexsandro

Registered Address

Unit 12, Lyndon Yard Riverside Road
Wimbledon
London
SW17 0BA

Registered Number

12823056 (England and Wales)
IL MULINO LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets335,50147,335
35,50147,335
Current assets
Stocks41,5001,000
Debtors587,22956,856
Cash at bank and on hand3,6545,049
92,38362,905
Creditors amounts falling due within one year6(188,504)(153,590)
Net current assets (liabilities)(96,121)(90,685)
Total assets less current liabilities(60,620)(43,350)
Provisions for liabilities7-(8,994)
Accruals and deferred income(7,582)(5,072)
Net assets(68,202)(57,416)
Capital and reserves
Called up share capital300300
Profit and loss account(68,502)(57,716)
Shareholders' funds(68,202)(57,416)
The financial statements were approved and authorised for issue by the Director on 27 May 2025, and are signed on its behalf by:
RIBAUDO, Alexsandro
Director
Registered Company No. 12823056
IL MULINO LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
In view of the company's insolvent balance sheet, the director is aware of his responsibility of trading whilst insolvent. The directors loan will not be fully repaid until the company is in a solvent position.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year77
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 September 2361,55845,4934,316111,367
At 31 August 2461,55845,4934,316111,367
Depreciation and impairment
At 01 September 2335,23726,3002,49564,032
Charge for year6,5804,79945511,834
At 31 August 2441,81731,0992,95075,866
Net book value
At 31 August 2419,74114,3941,36635,501
At 31 August 2326,32119,1931,82147,335
4.Stocks

2024

2023

££
Other stocks1,5001,000
Total1,5001,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables31,19532,610
Other debtors48,15520,929
Prepayments and accrued income7,8793,317
Total87,22956,856
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables15,40510,970
Taxation and social security3,9983,544
Other creditors169,101135,076
Accrued liabilities and deferred income-4,000
Total188,504153,590
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-8,994
Total-8,994