Venezia Stucco UK Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 10841083 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Venezia Stucco UK Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A P Marshall

S A Marshall

REGISTERED OFFICE:

Asheton Farm Tysea Hill

Stapleford Abbotts

Romford

Essex

RM4 1JU

REGISTERED NUMBER:

10841083 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,889

1,459

CURRENT ASSETS

Stocks

5

94,112

40,425

Debtors

6

79,255

81,000

Cash at bank

23,549

31,963

196,916

153,388

CREDITORS

Amounts falling due within one year

7

169,313

111,621

NET CURRENT ASSETS

27,603

41,767

TOTAL ASSETS LESS CURRENT LIABILITIES

30,492

43,226

CREDITORS

Amounts falling due after more than one year

8

28,220

39,084

NET ASSETS

2,272

4,142

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

2,271

4,141

SHAREHOLDERS' FUNDS

2,272

4,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:

A P Marshall - Director

1.	STATUTORY INFORMATION

Venezia Stucco UK 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 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 July 2022

-

1,945

1,945

Additions

2,097

458

2,555

At 30 June 2023

2,097

2,403

4,500

DEPRECIATION

At 1 July 2022

-

486

486

Charge for year

524

601

1,125

At 30 June 2023

524

1,087

1,611

NET BOOK VALUE

At 30 June 2023

1,573

1,316

2,889

At 30 June 2022

-

1,459

1,459

5.

STOCKS

30.6.23

30.6.22

£

£

Finished goods

94,112

40,425

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

-

16,412

Deposit

21,000

-

Directors' current accounts

50,373

51,488

Prepayments

7,882

13,100

79,255

81,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

62,275

42,153

Tax

37,990

26,361

Social security and other taxes

351

351

Pension

37

37

VAT

68,660

42,719

169,313

111,621

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans - 1-2 years

10,752

-

Bank loans - 2-5 years

17,468

39,084

28,220

39,084

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

1

Ordinary

1

1

1

10.

RESERVES

Retained

earnings

£

At 1 July 2022

4,141

Profit for the year

48,130

Dividends

(50,000

)

At 30 June 2023

2,271

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23

30.6.22

£

£

A P Marshall

Balance outstanding at start of year

51,488

67,307

Amounts repaid

(1,115

)

(15,819

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,373

51,488

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Marshall.