IRIS Accounts Production v25.1.4.42 13093847 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130938472023-12-31130938472024-12-31130938472024-01-012024-12-31130938472022-12-31130938472023-01-012023-12-31130938472023-12-3113093847ns15:EnglandWales2024-01-012024-12-3113093847ns14:PoundSterling2024-01-012024-12-3113093847ns10:Director12024-01-012024-12-3113093847ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3113093847ns10:SmallEntities2024-01-012024-12-3113093847ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3113093847ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3113093847ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3113093847ns10:FullAccounts2024-01-012024-12-3113093847ns10:OrdinaryShareClass12024-01-012024-12-3113093847ns10:Director22024-01-012024-12-3113093847ns10:RegisteredOffice2024-01-012024-12-3113093847ns5:CurrentFinancialInstruments2024-12-3113093847ns5:CurrentFinancialInstruments2023-12-3113093847ns5:ShareCapital2024-12-3113093847ns5:ShareCapital2023-12-3113093847ns5:RetainedEarningsAccumulatedLosses2024-12-3113093847ns5:RetainedEarningsAccumulatedLosses2023-12-3113093847ns5:ComputerEquipment2024-01-012024-12-3113093847ns5:ComputerEquipment2023-12-3113093847ns5:ComputerEquipment2024-12-3113093847ns5:ComputerEquipment2023-12-3113093847ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3113093847ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3113093847ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3113093847ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3113093847ns5:DeferredTaxation2023-12-3113093847ns5:DeferredTaxation2024-01-012024-12-3113093847ns5:DeferredTaxation2024-12-3113093847ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 13093847 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

STI INTERNAZIONALE (UK) LIMITED

STI INTERNAZIONALE (UK) LIMITED (Registered number: 13093847)






Contents of the Financial Statements
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STI INTERNAZIONALE (UK) LIMITED

Company Information
for the Year Ended 31 DECEMBER 2024







DIRECTORS: D S Pollock
J B De Maio





REGISTERED OFFICE: Suite 2C Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 13093847 (England and Wales)





ACCOUNTANTS: BBK Partnership Limited
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

STI INTERNAZIONALE (UK) LIMITED (Registered number: 13093847)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 580 774

CURRENT ASSETS
Debtors 5 135,761 147,410
Cash at bank 100,291 254,353
236,052 401,763
CREDITORS
Amounts falling due within one year 6 126,326 313,198
NET CURRENT ASSETS 109,726 88,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,306

89,339

PROVISIONS FOR LIABILITIES 7 145 194
NET ASSETS 110,161 89,145

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 110,061 89,045
SHAREHOLDERS' FUNDS 110,161 89,145

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

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

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 20 June 2025 and were signed on its behalf by:



D S Pollock - Director


STI INTERNAZIONALE (UK) LIMITED (Registered number: 13093847)

Notes to the Financial Statements
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

STI INTERNAZIONALE (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

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 3 (2023 - 3 ) .

STI INTERNAZIONALE (UK) LIMITED (Registered number: 13093847)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 1,354
DEPRECIATION
At 1 January 2024 580
Charge for year 194
At 31 December 2024 774
NET BOOK VALUE
At 31 December 2024 580
At 31 December 2023 774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 97,625 143,556
Other debtors 35,000 -
VAT 2,015 2,371
Prepayments 1,121 1,483
135,761 147,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 119,883 296,450
Tax 5,094 14,643
Social security and other taxes - 631
Accrued expenses 1,349 1,474
126,326 313,198

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 145 194

Deferred
tax
£   
Balance at 1 January 2024 194
Credit to Income Statement during year (49 )
Balance at 31 December 2024 145

STI INTERNAZIONALE (UK) LIMITED (Registered number: 13093847)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

STI Internazionale SPA

During the year the company made sales totalling £36,800 to STI Internazionale SPA, a company which owns 34% of the issued share capital and also a company in which J B De Maio is a director.

During the year the company paid freight and duty related charges totalling £470,057 and other direct costs totalling £20,854 to STI Internazionale SPA.

At 31 December 2024 there was an amount included within trade creditors totalling £77,564 due to STI Internazionale SPA.

STI Internazionale SPA is a company incorporated and registered in Italy.


Infinity Wines Limited

During the year the company paid fees totalling £36,000 to Infinity Wines Limited, a company in which D S Pollock is a director and shareholder.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by the directors by virtue of their ultimate controlling interests.