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Company Registration No. 11734193 (England and Wales)
Italian Bag and Moda Euro Ltd Unaudited accounts for the year ended 31 December 2024
Italian Bag and Moda Euro Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Italian Bag and Moda Euro Ltd Company Information for the year ended 31 December 2024
Directors
Stephen Raymond Samuel Frances Samuel
Company Number
11734193 (England and Wales)
Registered Office
3-4 WALLBRIDGE MILLS FROME BA11 5JZ ENGLAND
Accountants
BMG Accountancy Services Ltd 5 Commercial Road Shepton Mallet Somerset BA4 5BU
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Italian Bag and Moda Euro Ltd Accountants' report
Accountants' report to the board of directors of Italian Bag and Moda Euro Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
BMG Accountancy Services Ltd 5 Commercial Road Shepton Mallet Somerset BA4 5BU 8 August 2025
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Italian Bag and Moda Euro Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
32,447 
42,754 
Current assets
Inventories
320,000 
320,000 
Debtors
5
678,843 
148,351 
Cash at bank and in hand
257,040 
277,787 
1,255,883 
746,138 
Creditors: amounts falling due within one year
6
(519,490)
(293,770)
Net current assets
736,393 
452,368 
Total assets less current liabilities
768,840 
495,122 
Creditors: amounts falling due after more than one year
7
(176,904)
- 
Net assets
591,936 
495,122 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
622,634 
622,634 
Profit and loss account
(30,798)
(127,612)
Shareholders' funds
591,936 
495,122 
For the year ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by
Stephen Raymond Samuel Director Company Registration No. 11734193
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Italian Bag and Moda Euro Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Italian Bag and Moda Euro Ltd is a private company, limited by shares, registered in England and Wales, registration number 11734193. The registered office is 3-4 WALLBRIDGE MILLS, FROME, BA11 5JZ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
46,829 
11,174 
58,003 
At 31 December 2024
46,829 
11,174 
58,003 
Depreciation
At 1 January 2024
11,707 
3,542 
15,249 
Charge for the year
8,781 
1,526 
10,307 
At 31 December 2024
20,488 
5,068 
25,556 
Net book value
At 31 December 2024
26,341 
6,106 
32,447 
At 31 December 2023
35,122 
7,632 
42,754 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
678,823 
148,351 
Amounts falling due after more than one year
Other debtors
20 
- 
- 6 -
Italian Bag and Moda Euro Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
79,122 
29,127 
Obligations under finance leases and hire purchase contracts
- 
22,803 
Other creditors
240,000 
240,000 
Loans from directors
198,528 
- 
Accruals
1,840 
1,840 
519,490 
293,770 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
176,904 
- 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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