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REGISTERED NUMBER: 09557255 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Cichetti Limited

Cichetti Limited (Registered number: 09557255)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cichetti Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: G Cafasso
Ms C J Foster





SECRETARY: Ms C J Foster





REGISTERED OFFICE: 6 Nicholas Street
Burnley
Lancashire
BB11 2AQ





REGISTERED NUMBER: 09557255 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Cichetti Limited (Registered number: 09557255)

Abridged Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,446 33,533

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 280,353 201,300
Cash at bank and in hand 175,878 206,364
459,731 411,164
CREDITORS
Amounts falling due within one year 229,981 204,868
NET CURRENT ASSETS 229,750 206,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,196

239,829

PROVISIONS FOR LIABILITIES 8,111 8,152
NET ASSETS 254,085 231,677

CAPITAL AND RESERVES
Called up share capital 5 1 1
Share premium 99 99
Retained earnings 253,985 231,577
SHAREHOLDERS' FUNDS 254,085 231,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Cichetti Limited (Registered number: 09557255)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 December 2024 and were signed on its behalf by:





G Cafasso - Director


Cichetti Limited (Registered number: 09557255)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Cichetti 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.

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.

The company operates a restaurant selling food and beverages. Sales of food and beverages are recognised on sale to the customer, which is considered the point of payment. Retail sales are usually by cash or payment card.

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 - 15% on reducing balance
Fixtures and fittings - 15% 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.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Cichetti Limited (Registered number: 09557255)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 60,146
Additions 5,535
At 30 April 2024 65,681
DEPRECIATION
At 1 May 2023 26,613
Charge for year 6,622
At 30 April 2024 33,235
NET BOOK VALUE
At 30 April 2024 32,446
At 30 April 2023 33,533

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
100 Ordinary 1p 1 1

Cichetti Limited (Registered number: 09557255)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
G Cafasso and Ms C J Foster
Balance outstanding at start of year (774 ) (598 )
Amounts advanced 144,124 180,124
Amounts repaid (144,760 ) (180,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,410 ) (774 )