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REGISTERED NUMBER: 07800761 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GIANNI FREZZA LIMITED

GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GIANNI FREZZA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: G Frezza
Mrs E Frezza





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 07800761 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,290 36,642
30,290 36,642

CURRENT ASSETS
Stocks 3,000 1,500
Debtors 6 5,573 40,705
Cash at bank 1,106 6,302
9,679 48,507
CREDITORS
Amounts falling due within one year 7 38,064 39,374
NET CURRENT (LIABILITIES)/ASSETS (28,385 ) 9,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,905

45,775

CREDITORS
Amounts falling due after more than one
year

8

-

(15,000

)

PROVISIONS FOR LIABILITIES (1,803 ) (2,238 )
NET ASSETS 102 28,537

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2 28,437
SHAREHOLDERS' FUNDS 102 28,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 9 April 2025 and were signed on its behalf by:





G Frezza - Director


GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Gianni Frezza 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, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 12 ) .

GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 390,000
AMORTISATION
At 1 November 2023
and 31 October 2024 390,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 60,077 69,689 129,766
DEPRECIATION
At 1 November 2023 46,740 46,384 93,124
Charge for year 2,001 4,351 6,352
At 31 October 2024 48,741 50,735 99,476
NET BOOK VALUE
At 31 October 2024 11,336 18,954 30,290
At 31 October 2023 13,337 23,305 36,642

GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 10,226
Reclassification/transfer (10,226 )
At 31 October 2024 -
DEPRECIATION
At 1 November 2023 4,656
Charge for year 1,114
Reclassification/transfer (5,770 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 5,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors - 40,000
Tax 4,991 -
Prepayments 582 705
5,573 40,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts - 5,000
Hire purchase contracts - 3,085
Tax - 5,171
Social security and other taxes 23,028 15,125
Other creditors 7,714 4,657
Directors' current accounts 4,831 3,893
Accrued expenses 2,491 2,443
38,064 39,374

GIANNI FREZZA LIMITED (REGISTERED NUMBER: 07800761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years - 5,000
Bank loans - 2-5 years - 10,000
- 15,000

9. RELATED PARTY DISCLOSURES

The company is controlled by its directors, G Frezza and Mrs E Frezza.