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REGISTERED NUMBER: 05949620 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

EMPORIO UK LIMITED

EMPORIO UK LIMITED (REGISTERED NUMBER: 05949620)

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










Page

Balance sheet 1

Notes to the financial statements 3


EMPORIO UK LIMITED (REGISTERED NUMBER: 05949620)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 2,619 9,084
Investments 5 1 1
2,620 9,085

Current assets
Stocks 5,733 6,417
Debtors 6 66,556 73,888
Cash at bank 39,742 28,486
112,031 108,791
Creditors
Amounts falling due within one year 7 67,034 58,807
Net current assets 44,997 49,984
Total assets less current liabilities 47,617 59,069

Capital and reserves
Called up share capital 9 100 100
Retained earnings 47,517 58,969
Shareholders' funds 47,617 59,069

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.

EMPORIO UK LIMITED (REGISTERED NUMBER: 05949620)

BALANCE SHEET - 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:




Mr R G Holiday - Director



Mr M A Farrin - Director


EMPORIO UK LIMITED (REGISTERED NUMBER: 05949620)

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


1. Statutory information

Emporio UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05949620. The registered office and business address is Arena Offices, 9 Nimrod Way, Ferndown, Dorset, BH21 7UH.

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 represents amounts receivable for goods and services provided in the period, net of VAT and trade discounts. Revenue is recognised for the sale of goods and services when the right to consideration in respect of the sale has been earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 6 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

EMPORIO UK LIMITED (REGISTERED NUMBER: 05949620)

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


2. Accounting policies - continued

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 6 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 November 2023 4,568 29,478 22,233 56,279
Disposals - (29,478 ) - (29,478 )
At 31 October 2024 4,568 - 22,233 26,801
Depreciation
At 1 November 2023 4,464 25,548 17,183 47,195
Charge for year 21 - 2,514 2,535
Eliminated on disposal - (25,548 ) - (25,548 )
At 31 October 2024 4,485 - 19,697 24,182
Net book value
At 31 October 2024 83 - 2,536 2,619
At 31 October 2023 104 3,930 5,050 9,084

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 November 2023
and 31 October 2024 1
Net book value
At 31 October 2024 1
At 31 October 2023 1

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 60,688 65,635
Prepayments and accrued income 5,868 8,253
66,556 73,888

EMPORIO UK LIMITED (REGISTERED NUMBER: 05949620)

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


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,309 5,685
Amounts owed to group undertakings - 1
Tax 26,237 28,221
Social security and other taxes 6,078 6,581
VAT 22,244 12,161
Other creditors 4,102 1,321
Accruals and deferred income 4,064 4,837
67,034 58,807

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,833 17,000
Between one and five years - 2,833
2,833 19,833

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100

10. Ultimate controlling party

The company is under the control of The Emporio UK Employee Ownership Trust, by virtue of its 100% ownership of the share capital of the company.