| Director |
| Registered office | |
| Registered number | 08606712 |
| Accountant | Ecovis Wingrave Yeats UK Limited |
| 3rd Floor, Waverley House | |
| 7-12 Noel Street | |
| London | |
| England | |
| W1F 8GQ |
| Notes |
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The financial statements were approved and authorised for issue by the Board of Directors on
Barisciano, Michele
Director |
Company registration number 08606712
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.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The accounts have been prepared under the historical cost convention.
At the year-end the Company had net assets of £40,451 (2024: net assets of £30,793).
The director has considered the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. As part of a wider reorganisation of the business, from November 2025 all remaining operating expenses, including server and call centre costs, were transferred to the Italian branch. The business activities currently undertaken by the Company are expected to continue through the Italian branch.
The director intends to complete the reorganisation and close the Company by the end of 2026. The planned closure forms part of an orderly restructuring of the business and is not the result of financial difficulties. The director expects that the Company's assets will be realised and liabilities settled in the normal course of business, and that all obligations will be met as they fall due.
Having considered the Company's financial position, expected cash flows and planned reorganisation, the director is satisfied that the Company has adequate resources to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis.
Turnover from the rendering of services is recognised when the services have been provided to the customer and the amount of revenue can be measured reliably, with revenue recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Following the year end, the directors continued the reorganisation of the business whereby activities and operating costs are being transferred to the Italian branch. The directors currently intend to close the Company by the end of 2026 and continue the business through the Italian branch. The directors do not consider that this event requires adjustment to the amounts recognised in these financial statements.