REGISTERED NUMBER: 05716841 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

CAPPELLO (UK) LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

N A Hatt

Registered office:

The Innovation Centre

1 Devon Way

Longbridge Technology Centre

Birmingham

West Midlands

B31 2TS

Registered number:

05716841 (England and Wales)

Accountants:

Athos Business Solutions Limited

1623 Warwick Road

Knowle

Solihull

West Midlands

B93 9LF

FIXED ASSETS

Tangible assets

4

4,021

3,269

CURRENT ASSETS

Debtors

5

350,467

491,681

Cash at bank and in hand

92,237

201,515

442,704

693,196

CREDITORS

Amounts falling due within one year

6

373,134

512,992

NET CURRENT ASSETS

69,570

180,204

TOTAL ASSETS LESS CURRENT LIABILITIES

73,591

183,473

CREDITORS

Amounts falling due after more than one year

7

(2,235

)

(6,125

)

PROVISIONS FOR LIABILITIES

(1,005

)

-

NET ASSETS

70,351

177,348

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

70,251

177,248

70,351

177,348

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 director acknowledges his 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 director and authorised for issue on 16 September 2025 and were signed by:

N A Hatt - Director

1.	STATUTORY INFORMATION

Cappello (UK) Ltd 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.

Equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

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 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

Cost

At 1 January 2024

12,291

-

12,291

Additions

-

2,094

2,094

At 31 December 2024

12,291

2,094

14,385

Depreciation

At 1 January 2024

9,022

-

9,022

Charge for year

817

525

1,342

At 31 December 2024

9,839

525

10,364

Net book value

At 31 December 2024

2,452

1,569

4,021

At 31 December 2023

3,269

-

3,269

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

349,600

490,814

Other debtors

867

867

350,467

491,681

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,890

3,890

Trade creditors

298,194

411,748

Taxation and social security

43,775

85,341

Other creditors

27,275

12,013

373,134

512,992

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,235

6,125

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

16,247

17,871

Between one and five years

16,650

31,273

32,897

49,144