Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 4 June 2025 1 January 2024 31 December 2024 31 December 2024 09487231 Mr PETER CLARIDGE D. & G. Spedizioni S.R.L Via Toscana 15 31045 Motta di Livenza Italy true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09487231 2023-12-31 09487231 2024-12-31 09487231 2024-01-01 2024-12-31 09487231 frs-core:CurrentFinancialInstruments 2024-12-31 09487231 frs-core:BetweenOneFiveYears 2024-12-31 09487231 frs-core:ComputerEquipment 2024-12-31 09487231 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09487231 frs-core:ComputerEquipment 2023-12-31 09487231 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09487231 frs-core:FurnitureFittings 2024-12-31 09487231 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09487231 frs-core:FurnitureFittings 2023-12-31 09487231 frs-core:MotorVehicles 2024-12-31 09487231 frs-core:MotorVehicles 2024-01-01 2024-12-31 09487231 frs-core:MotorVehicles 2023-12-31 09487231 frs-core:OtherResidualIntangibleAssets 2024-12-31 09487231 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09487231 frs-core:OtherResidualIntangibleAssets 2023-12-31 09487231 frs-core:PlantMachinery 2024-12-31 09487231 frs-core:PlantMachinery 2024-01-01 2024-12-31 09487231 frs-core:PlantMachinery 2023-12-31 09487231 frs-core:WithinOneYear 2024-12-31 09487231 frs-core:SharePremium 2024-12-31 09487231 frs-core:ShareCapital 2024-12-31 09487231 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09487231 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09487231 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09487231 frs-bus:SmallEntities 2024-01-01 2024-12-31 09487231 frs-bus:Audited 2024-01-01 2024-12-31 09487231 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09487231 1 2024-01-01 2024-12-31 09487231 frs-core:DeferredTaxation 2024-01-01 2024-12-31 09487231 frs-core:DeferredTaxation 2023-12-31 09487231 frs-core:DeferredTaxation 2024-12-31 09487231 frs-bus:Director1 2024-01-01 2024-12-31 09487231 frs-countries:EnglandWales 2024-01-01 2024-12-31 09487231 2022-12-31 09487231 2023-12-31 09487231 2023-01-01 2023-12-31 09487231 frs-core:CurrentFinancialInstruments 2023-12-31 09487231 frs-core:BetweenOneFiveYears 2023-12-31 09487231 frs-core:WithinOneYear 2023-12-31 09487231 frs-core:SharePremium 2023-12-31 09487231 frs-core:ShareCapital 2023-12-31 09487231 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09487231
De Girolami UK Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 09487231
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,088 5,536
Tangible Assets 5 273,183 242,784
298,271 248,320
CURRENT ASSETS
Debtors 6 859,189 847,450
Cash at bank and in hand 110,984 43,711
970,173 891,161
Creditors: Amounts Falling Due Within One Year 7 (426,872 ) (374,000 )
NET CURRENT ASSETS (LIABILITIES) 543,301 517,161
TOTAL ASSETS LESS CURRENT LIABILITIES 841,572 765,481
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (48,021 ) (40,333 )
NET ASSETS 793,551 725,148
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Share premium account 525,967 525,967
Profit and Loss Account 257,584 189,181
SHAREHOLDERS' FUNDS 793,551 725,148
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr PETER CLARIDGE
Director
04/06/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
De Girolami UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09487231 . The registered office is Unit 3, West Molesey Business Centre, West Molesey, KT8 2QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of freight transport
services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax.
The company recognises revenue in the period in which services are provided
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are stated at cost or valuation, net of ammortisation and any provision for impairment. Ammortisation is provided on all intangiible assets at rate to write off the cost or valualtion of each each asset over it's expected useful life as below. It is amortised to profit and loss account over its estimated economic life of four years straight line.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 6.67 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 4 years straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 18)
19 18
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 5,536
Additions 27,078
As at 31 December 2024 32,614
Amortisation
As at 1 January 2024 -
Provided during the period 7,526
As at 31 December 2024 7,526
Net Book Value
As at 31 December 2024 25,088
As at 1 January 2024 5,536
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 2,564 292,390 57,507 - 352,461
Additions 874 97,125 68,669 2,121 168,789
Disposals - (40,225 ) - - (40,225 )
As at 31 December 2024 3,438 349,290 126,176 2,121 481,025
Depreciation
As at 1 January 2024 1,218 96,412 12,047 - 109,677
Provided during the period 406 70,543 29,244 486 100,679
Disposals - (2,514 ) - - (2,514 )
As at 31 December 2024 1,624 164,441 41,291 486 207,842
Net Book Value
As at 31 December 2024 1,814 184,849 84,885 1,635 273,183
As at 1 January 2024 1,346 195,978 45,460 - 242,784
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 402,039 333,931
Amounts owed by participating interests 134,383 208,108
Other debtors 322,767 305,411
859,189 847,450
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 151,260 113,761
Bank loans and overdrafts 3,134 -
Amounts owed to participating interests 44,065 208
Other creditors 80,567 157,460
Taxation and social security 147,846 102,571
426,872 374,000
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 48,021 40,333
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 40,333 40,333
Deferred taxation 7,688 7,688
Balance at 31 December 2024 48,021 48,021
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 457,470 457,470
Later than one year and not later than five years 866,872 1,324,342
1,324,342 1,781,812
12. Related Party Transactions
Other related party transactions
During the year, the company's parent entity, D&G Spedizioni S.r.l provided a financial guarantee for the company in
respect of a financial commitment.
Page 4
Page 5
13. Ultimate Parent Undertaking and Controlling Party
Parent Company:
D. & G. Spedizioni S.R.L
Via Toscana 15
31045 Motta di Livenza
Italy
There is no single ultimate controlling party .
The parent undrtaking is D. & G. Spedizioni S.R.L who controls 100% of the shares of De Girolami UK Limited .
14. Audit Information
The auditor's report on the accounts of De Girolami UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Nicola King (Senior Statutory Auditor) for and on behalf of David Howard , Statutory Auditor.
David Howard
Chartered Accountants & Statutory Auditors
47 Queen's Road
Weybridge
Surrey
KT13 9UH
Page 5