Santi And Santi Uxbridge Limited - Accounts to registrar (filleted) - small 23.2.5
Santi And Santi Uxbridge Limited - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 27 DECEMBER 2022 |
FOR |
SANTI AND SANTI UXBRIDGE LIMITED |
SANTI AND SANTI UXBRIDGE LIMITED (REGISTERED NUMBER: 08081750) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 27 December 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SANTI AND SANTI UXBRIDGE LIMITED |
COMPANY INFORMATION |
for the year ended 27 December 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
SANTI AND SANTI UXBRIDGE LIMITED (REGISTERED NUMBER: 08081750) |
ABRIDGED BALANCE SHEET |
27 December 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
SANTI AND SANTI UXBRIDGE LIMITED (REGISTERED NUMBER: 08081750) |
ABRIDGED BALANCE SHEET - continued |
27 December 2022 |
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 |
SANTI AND SANTI UXBRIDGE LIMITED (REGISTERED NUMBER: 08081750) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 27 December 2022 |
1. | STATUTORY INFORMATION |
Santi And Santi Uxbridge Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Government grants |
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that: |
(a) the entity will comply with the conditions attaching to them; and |
(b) the grants will be received. |
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. |
SANTI AND SANTI UXBRIDGE LIMITED (REGISTERED NUMBER: 08081750) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 27 December 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
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. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 28 December 2021 |
Additions |
At 27 December 2022 |
DEPRECIATION |
At 28 December 2021 |
Charge for year |
At 27 December 2022 |
NET BOOK VALUE |
At 27 December 2022 |
At 27 December 2021 |
SANTI AND SANTI UXBRIDGE LIMITED (REGISTERED NUMBER: 08081750) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 27 December 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2022 | 2021 |
£ | £ |
Repayable by instalments |
Bank loans | 221,450 | 229,136 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2022 | 2021 |
£ | £ |
Bank loans | 727,301 | 1,027,270 |
The bank loan is secured by a fixed and floating charge on all the property or undertaking of the company. |
7. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company was owed £326,341 (2021: £208,544) by MLG Holdings Limited, and £1,059,609 (2021: £991,609) by Santi & Santi Holdings Limited, companies with common director and shareholder. |
At the balance sheet date, the company owed £190,603 (2021: was owed £837) to/(by) As Marylebone Limited,£13,222 (2021: £3,222) to Asm Thayer Limited, and £21,234 (2021: was owed £106,022) to/(by) Santi & Santi Limited, companies with common director and shareholder. |