SUD ITALY LTD

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14927951

		6 April 2025		6 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		45,071		47,044

			45,071		47,044
CURRENT ASSETS
Stocks	5	850		750
Debtors	6	36,081		27,829
Cash at bank and in hand		9,011		3,790

		45,942		32,369
Creditors: Amounts Falling Due Within One Year	7	(126,580 )		(109,507 )

NET CURRENT ASSETS (LIABILITIES)			(80,638 )		(77,138 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(35,567 )		(30,094 )

NET LIABILITIES			(35,567 )		(30,094 )

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			(35,571 )		(30,098 )

SHAREHOLDERS' FUNDS			(35,567)		(30,094)

For the year ending 6 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Stefano CAROTENUTO

Director

16/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

SUD ITALY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14927951 . The registered office is 13 King Street, Cambridge, CB1 1LH.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Leasehold	Not charging depreciation
Plant & Machinery	25% SLM

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 7 April 2024	40,000	7,894	47,894

As at 6 April 2025	40,000	7,894	47,894

...CONTINUED

Page 2

Page 3

SUD ITALY LTD

Notes to the Financial Statements (continued)

For The Year Ended 6 April 2025

Depreciation
As at 7 April 2024	-	850	850
Provided during the period	-	1,973	1,973

As at 6 April 2025	-	2,823	2,823

Net Book Value
As at 6 April 2025	40,000	5,071	45,071

As at 7 April 2024	40,000	7,044	47,044

5. Stocks

	6 April 2025	6 April 2024
	£	£
Stock	850	750

6. Debtors

	6 April 2025	6 April 2024
	£	£
Due within one year
Prepayments and accrued income	15,301	7,056
Other debtors	5,051	6,641
Directors' loan Account	1,234	744
VAT	14,495	13,388

	36,081	27,829

7. Creditors: Amounts Falling Due Within One Year

	6 April 2025	6 April 2024
	£	£
Trade creditors	15,959	2,885
Other loans	7,361	-
Other creditors	100,000	102,405
Taxation and social security	3,260	4,217

	126,580	109,507

8. Share Capital

	6 April 2025	6 April 2024
	£	£
Allotted, Called up and fully paid	4	4

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 7 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 6 April 2025
	£	£	£	£	£
Mr Stefano CAROTENUTO	744	490	-	-	1,234

The above loan is unsecured, interest free and repayable on demand.

Page 3