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REGISTERED NUMBER: 05951668 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

COSTANDI LIMITED

COSTANDI LIMITED (REGISTERED NUMBER: 05951668)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COSTANDI LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: J S Costandi





REGISTERED OFFICE: Unit 3, Woodstock Close
Standard Way
NORTHALLERTON
North Yorkshire
DL6 2NB





REGISTERED NUMBER: 05951668 (England and Wales)





ACCOUNTANTS: King Hope
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

COSTANDI LIMITED (REGISTERED NUMBER: 05951668)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,242 81,914
60,242 81,914

CURRENT ASSETS
Stocks 1,000 7,500
Debtors 6 97,072 149,500
Cash at bank 20 13
98,092 157,013
CREDITORS
Amounts falling due within one year 7 350,223 253,105
NET CURRENT LIABILITIES (252,131 ) (96,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(191,889

)

(14,178

)

CREDITORS
Amounts falling due after more than one year 8 41,325 57,562
NET LIABILITIES (233,214 ) (71,740 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (233,224 ) (71,750 )
SHAREHOLDERS' FUNDS (233,214 ) (71,740 )

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.

COSTANDI LIMITED (REGISTERED NUMBER: 05951668)

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.

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 16 June 2025 and were signed by:





J S Costandi - Director


COSTANDI LIMITED (REGISTERED NUMBER: 05951668)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Costandi 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 value of goods and services supplied to customers, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Improvements to property - 16.7% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

COSTANDI LIMITED (REGISTERED NUMBER: 05951668)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Grants received
Grants received are credited to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

COSTANDI LIMITED (REGISTERED NUMBER: 05951668)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 5,107 144,490 28,433 178,030
Disposals - (38,216 ) (3,660 ) (41,876 )
At 31 March 2024 5,107 106,274 24,773 136,154
DEPRECIATION
At 1 April 2023 5,107 73,958 17,051 96,116
Charge for year - 9,304 2,508 11,812
Eliminated on disposal - (29,707 ) (2,309 ) (32,016 )
At 31 March 2024 5,107 53,555 17,250 75,912
NET BOOK VALUE
At 31 March 2024 - 52,719 7,523 60,242
At 31 March 2023 - 70,532 11,382 81,914

The net book value of motor vehicles includes £7,523(2023: £10,031) in respect of assets held under hire purchase contracts. Depreciation charged on assets held under hire purchase contracts amounts to £2,508 (2023; £3,344).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,356 7,920
Amounts owed by associated companies - 59,158
Directors' current accounts 68,409 59,115
Corporation tax recoverable 23,307 23,307
97,072 149,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Other loans 7,692 12,036
Hire purchase contracts 3,750 3,750
Trade creditors 16,486 10,499
Amounts owed to associated companies 191,474 115,874
Social security and other taxes 111,607 89,669
Other creditors 6,234 8,349
Accruals and deferred income 7,424 7,372
350,223 253,105

COSTANDI LIMITED (REGISTERED NUMBER: 05951668)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 35,355 39,346
Other loans 3,158 11,654
Hire purchase contracts 2,812 6,562
41,325 57,562

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,562 10,312
Other loans 9,990 23,690
16,552 34,002

The director has personally guaranteed other loans.
Hire purchase contracts are secured on the assets concerned.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J S Costandi
Balance outstanding at start of year 59,115 90,086
Amounts advanced 26,751 53,254
Amounts repaid (17,457 ) (84,225 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,409 59,115

The loan is interest free.

11. GOING CONCERN

Since the end of the accounting period, the company has ceased to trade.