Registered number
11565148
Sorrento (UK) Ltd
Unaudited Filleted Accounts
30 September 2024
Sorrento (UK) Ltd
Registered number: 11565148
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,995 44,676
Current assets
Stocks 70,000 68,423
Debtors 4 60,420 65,794
Cash at bank and in hand 84,477 109,149
214,897 243,366
Creditors: amounts falling due within one year 5 (93,674) (83,869)
Net current assets 121,223 159,497
Total assets less current liabilities 163,218 204,173
Creditors: amounts falling due after more than one year 6 (341,517) (333,484)
Net liabilities (178,299) (129,311)
Capital and reserves
Called up share capital 100 100
Profit and loss account (178,399) (129,411)
Shareholders' funds (178,299) (129,311)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Simpson
Director
Approved by the board on 3 June 2025
Sorrento (UK) Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 69,429
Additions 4,729
At 30 September 2024 74,158
Depreciation
At 1 October 2023 24,753
Charge for the year 7,410
At 30 September 2024 32,163
Net book value
At 30 September 2024 41,995
At 30 September 2023 44,676
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 60,320 64,908
Other debtors 100 886
60,420 65,794
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,000 25,000
Trade creditors - 2,337
Taxation and social security costs 23,302 15,334
Other creditors 45,372 41,198
93,674 83,869
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 49,385 74,385
Amounts owed to group undertakings and undertakings in which the company has a participating interest 292,132 259,099
341,517 333,484
7 Related party transactions
Riviera (UK) Ltd, a company under common control has recharged costs, including staff, of the central warehouse and facilties used by all of the companies under the common control. A management fee was also charged. Total amount charged to Sorrento (UK) Ltd during the year was £81,656 plus VAT. The amount outstanding at the year end and included in Creditors amounts falling due after one year was £292,132 (2023 £259,099). The amount included in accruals is £8,854.

Rivoli (UK) Ltd, company under common control has received a loan from Sorrento (UK) Ltd - unsecured, interest free and no fixed repayment date. Amount due from Rivoli (UK) Ltd at the year end £46,982 (2023 £64,908).

Excellente (UK) Ltd, company under common control has received a loan from Sorrento (UK) Ltd - unsecured, interest free and no fixed repayment date. Amount due from Excellente (UK) Ltd at the year end £13,338.
8 Other information
Sorrento (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
BoConcept Old Mill Road
Portishead
Bristol
BS20 7BX
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