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REGISTERED NUMBER: 05390522 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

IL PICCOLINO'S LIMITED

IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IL PICCOLINO'S LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: Mr S Urso
Mr D Urso





SECRETARY: Ms G A Urso





REGISTERED OFFICE: 3 & 4 Pegasus House
Pegasus Court, Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 05390522 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,000 120,000
Tangible assets 5 76,930 88,990
196,930 208,990

CURRENT ASSETS
Stocks 6 50,000 50,000
Debtors 7 1,075 -
Cash at bank 18,969 38,391
70,044 88,391
CREDITORS
Amounts falling due within one year 8 80,728 87,694
NET CURRENT (LIABILITIES)/ASSETS (10,684 ) 697
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,246

209,687

CREDITORS
Amounts falling due after more than one
year

9

(205,300

)

(200,363

)

PROVISIONS FOR LIABILITIES (11,187 ) (8,943 )
NET (LIABILITIES)/ASSETS (30,241 ) 381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,341 ) 281
SHAREHOLDERS' FUNDS (30,241 ) 381

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

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

IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

BALANCE SHEET - continued
30 September 2024


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 1 April 2025 and were signed on its behalf by:





Mr S Urso - Director


IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Il Piccolino's 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.

Goodwill
Goodwill is measured at cost. After initial recognition, Goodwill is measured at cost less and accumulated amortisation and any accumulated impairment losses. The carrying value of goodwill has been reviewed and is believed to be fairly stated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.

IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 120,000 1,199 121,199
AMORTISATION
At 1 October 2023
and 30 September 2024 - 1,199 1,199
NET BOOK VALUE
At 30 September 2024 120,000 - 120,000
At 30 September 2023 120,000 - 120,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 163,141 48,200 34,246
Additions - 10,105 642
At 30 September 2024 163,141 58,305 34,888
DEPRECIATION
At 1 October 2023 119,972 23,458 15,007
Charge for year 8,596 8,712 4,970
At 30 September 2024 128,568 32,170 19,977
NET BOOK VALUE
At 30 September 2024 34,573 26,135 14,911
At 30 September 2023 43,169 24,742 19,239

IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 18,614 557 264,758
Additions - - 10,747
At 30 September 2024 18,614 557 275,505
DEPRECIATION
At 1 October 2023 17,052 279 175,768
Charge for year 390 139 22,807
At 30 September 2024 17,442 418 198,575
NET BOOK VALUE
At 30 September 2024 1,172 139 76,930
At 30 September 2023 1,562 278 88,990

6. STOCKS
2024 2023
£    £   
Stocks 50,000 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,075 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 30,045 34,527
Taxation and social security 37,581 32,408
Other creditors 3,102 10,759
80,728 87,694

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,668 16,668
Other creditors 198,632 183,695
205,300 200,363

IL PICCOLINO'S LIMITED (REGISTERED NUMBER: 05390522)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.