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REGISTERED NUMBER: 06775478 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GRILLO AGRIGARDEN LTD

GRILLO AGRIGARDEN LTD (REGISTERED NUMBER: 06775478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRILLO AGRIGARDEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A Pinza





REGISTERED OFFICE: 17 Grosvenor Street
Mayfair
London
W1K 4QG





REGISTERED NUMBER: 06775478 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

GRILLO AGRIGARDEN LTD (REGISTERED NUMBER: 06775478)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
72,018 Tangible assets 4 112,399

CURRENT ASSETS
104,723 Stocks 5 86,022
535,260 Debtors 6 534,537
3,079,113 Cash at bank 4,204,379
3,719,096 4,824,938
CREDITORS
235,753 Amounts falling due within one year 7 457,501
3,483,343 NET CURRENT ASSETS 4,367,437
3,555,361 TOTAL ASSETS LESS CURRENT
LIABILITIES

4,479,836

17,000 PROVISIONS FOR LIABILITIES 8 28,100
3,538,361 NET ASSETS 4,451,736

CAPITAL AND RESERVES
1 Called up share capital 9 1
3,538,360 Retained earnings 4,451,735
3,538,361 SHAREHOLDERS' FUNDS 4,451,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

GRILLO AGRIGARDEN LTD (REGISTERED NUMBER: 06775478)

BALANCE SHEET - continued
31 DECEMBER 2023


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 23 September 2024 and were signed by:





Mr A Pinza - Director


GRILLO AGRIGARDEN LTD (REGISTERED NUMBER: 06775478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Grillo Agrigarden Ltd 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.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

GRILLO AGRIGARDEN LTD (REGISTERED NUMBER: 06775478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 January 2023 154,120 4,475 2,363 145,517 1,765
Additions 86,690 - - 86,690 -
Disposals (48,261 ) - - (48,261 ) -
At 31 December 2023 192,549 4,475 2,363 183,946 1,765
DEPRECIATION
At 1 January 2023 82,102 3,678 2,287 75,078 1,059
Charge for year 36,360 199 19 35,966 176
Eliminated on disposal (38,312 ) - - (38,312 ) -
At 31 December 2023 80,150 3,877 2,306 72,732 1,235
NET BOOK VALUE
At 31 December 2023 112,399 598 57 111,214 530
At 31 December 2022 72,018 797 76 70,439 706

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 86,022 104,723

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 526,849 530,783
Prepayments 7,688 4,477
534,537 535,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 79,655 12,659
Amounts owed to group undertakings 3,508 8,532
Tax 111,432 62,159
Social security and other taxes 4,606 6,488
Pension Control 1,587 587
VAT 196,840 91,210
Accrued expenses 59,873 54,118
457,501 235,753

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 28,100 17,000

GRILLO AGRIGARDEN LTD (REGISTERED NUMBER: 06775478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 17,000
Charge to Income Statement during year 11,100
Balance at 31 December 2023 28,100

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1