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REGISTERED NUMBER: 11491380 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CUCINA ITALIANA LTD
T/A
GALILEO

CUCINA ITALIANA LTD (REGISTERED NUMBER: 11491380)
T/A GALILEO

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CUCINA ITALIANA LTD
T/A GALILEO

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M Asgarpour





SECRETARY: Advanta Corporate Services Limited





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





BUSINESS ADDRESS: Galileo
1 Woodland Parade
Woodland Drive
Hove
East Sussex
BN3 6DR





REGISTERED NUMBER: 11491380 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

CUCINA ITALIANA LTD (REGISTERED NUMBER: 11491380)
T/A GALILEO

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,080 4,792

CURRENT ASSETS
Stocks 5 3,500 2,500
Debtors 6 45,877 63,678
Cash at bank - 3,831
49,377 70,009
CREDITORS
Amounts falling due within one year 7 43,335 55,608
NET CURRENT ASSETS 6,042 14,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,122

19,193

CREDITORS
Amounts falling due after more than one
year

8

(9,763

)

(17,948

)

PROVISIONS FOR LIABILITIES 10 (775 ) (910 )
NET (LIABILITIES)/ASSETS (416 ) 335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (516 ) 235
SHAREHOLDERS' FUNDS (416 ) 335

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 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.

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 January 2025 and were signed by:



M Asgarpour - Director


CUCINA ITALIANA LTD (REGISTERED NUMBER: 11491380)
T/A GALILEO

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Cucina Italiana 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the creditors and company director.

Turnover
Turnover represents income received for the sale and service of food and drink and is recognised at the date of receipt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 10% on reducing balance
Furniture,fittings & equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

CUCINA ITALIANA LTD (REGISTERED NUMBER: 11491380)
T/A GALILEO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings
machinery & equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 4,117 4,396 8,513
DEPRECIATION
At 1 May 2023 1,651 2,070 3,721
Charge for year 247 465 712
At 30 April 2024 1,898 2,535 4,433
NET BOOK VALUE
At 30 April 2024 2,219 1,861 4,080
At 30 April 2023 2,466 2,326 4,792

5. STOCKS
2024 2023
£    £   
Stocks 3,500 2,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 157 308
Directors' current accounts 23,680 40,719
Recoverable Tax 13,618 13,618
Prepayments 8,422 9,033
45,877 63,678

Debtors of £37,298 are not expected to be repaid within 12 months of the balance sheet date.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,070 7,962
Other loans 16,299 15,185
Trade creditors 456 821
Tax 3,111 19,218
PAYE 1,389 1,190
VAT 5,781 6,086
Other creditors 3,831 2,117
Accrued expenses 3,398 3,029
43,335 55,608

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,351 8,163
Bank loans - 2-5 years 1,412 9,785
9,763 17,948

CUCINA ITALIANA LTD (REGISTERED NUMBER: 11491380)
T/A GALILEO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 24,750 24,750
Between one and five years 80,437 99,000
In more than five years - 6,188
105,187 129,938

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 775 910

Deferred
tax
£   
Balance at 1 May 2023 910
Credit to Income Statement during year (135 )
Balance at 30 April 2024 775

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
M Asgarpour
Balance outstanding at start of year 40,719 41,901
Amounts repaid (17,039 ) (1,182 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,680 40,719

This is repayable on demand but not expected to be repaid within 12 months of the balance sheet date.

Interest of £866 (2023 : £989) was charged at the HMRC official rate.

12. RELATED PARTY DISCLOSURES

At the balance sheet date £23,680 (2023 : £40,719) was owed by the company director. The loan is unsecured, repayable on demand and interest bearing.