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REGISTERED NUMBER: 03819105 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TASTE OF SICILY LIMITED

TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TASTE OF SICILY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr C Diforti
Mr A Diforti





SECRETARY: Mr C Diforti





REGISTERED OFFICE: 39 The Metro Centre
Dwight Road
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 03819105 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 19,678 18,376
Tangible assets 5 183,343 221,206
203,021 239,582

CURRENT ASSETS
Stocks 283,596 344,000
Debtors 6 984,212 861,586
Investments 7 300,000 300,000
Cash at bank 3,095,938 3,303,747
4,663,746 4,809,333
CREDITORS
Amounts falling due within one
year

8

1,255,205

1,095,223
NET CURRENT ASSETS 3,408,541 3,714,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,611,562

3,953,692

PROVISIONS FOR LIABILITIES 45,836 54,585
NET ASSETS 3,565,726 3,899,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,565,626 3,899,007
SHAREHOLDERS' FUNDS 3,565,726 3,899,107

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

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

TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)

BALANCE SHEET - continued
31ST DECEMBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2025 and were signed on its behalf by:




Mr C Diforti - Director



Mr A Diforti - Director


TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Taste Of Sicily 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 represents amounts receivable from the wholesale provision of food net of Value Added Tax.

Other intangible assets - trademarks
Trademarks are not being amortised since each is considered to have an indefinite life, meaning a perception exists that a trademark can retain its value forever. However the business reassesses the value of its trademarks annually.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2023 - 16 ) .

TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024 18,376
Additions 1,302
At 31st December 2024 19,678
NET BOOK VALUE
At 31st December 2024 19,678
At 31st December 2023 18,376

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Plant and
leasehold fittings machinery
£    £    £   
COST
At 1st January 2024 8,764 329,325 3,471
Additions - 1,958 -
Disposals - - -
At 31st December 2024 8,764 331,283 3,471
DEPRECIATION
At 1st January 2024 4,407 179,274 1,968
Charge for year 876 22,679 399
Eliminated on disposal - - -
At 31st December 2024 5,283 201,953 2,367
NET BOOK VALUE
At 31st December 2024 3,481 129,330 1,104
At 31st December 2023 4,357 150,051 1,503

TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)

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

5. TANGIBLE FIXED ASSETS - continued

Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 2,988 148,972 30,213 523,733
Additions 1,102 - 5,039 8,099
Disposals - (36,400 ) - (36,400 )
At 31st December 2024 4,090 112,572 35,252 495,432
DEPRECIATION
At 1st January 2024 1,090 106,047 9,741 302,527
Charge for year 527 15,723 5,758 45,962
Eliminated on disposal - (36,400 ) - (36,400 )
At 31st December 2024 1,617 85,370 15,499 312,089
NET BOOK VALUE
At 31st December 2024 2,473 27,202 19,753 183,343
At 31st December 2023 1,898 42,925 20,472 221,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 672,092 562,837
Other debtors 214,326 214,326
VAT 25,137 24,426
Prepayments 72,657 59,997
984,212 861,586

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 300,000 300,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 894,459 805,494
Corporation tax 343,425 286,070
Employee pension payable 2,256 3,659
Credit card balances 14,553 -
Directors' current accounts 512 -
1,255,205 1,095,223

TASTE OF SICILY LIMITED (REGISTERED NUMBER: 03819105)

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

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases not provided for in the financial statements totalling £206,219 (2023 - £301,397).

10. RELATED PARTY DISCLOSURES

The directors’ current account balances of £512 (2023 - £nil) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.