Italian Culinary Services Limited

Registered number

10163461

Unaudited Filleted Accounts

31 December 2024

Italian Culinary Services Limited
Registered number:		10163461
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		293,063			78,968

Current assets
Stocks		90,104			443,504
Debtors	5	149,617			87,057
Cash at bank and in hand		356,934			283,023
		596,655			813,584

Creditors: amounts falling due within one year	6	(201,075)			(147,545)

Net current assets			395,580			666,039

Total assets less current liabilities			688,643			745,007

Creditors: amounts falling due after more than one year	7		(11,564)			(37,509)

Provisions for liabilities			(69,212)			(15,430)


Net assets			607,867			692,068

Capital and reserves
Called up share capital			100			100
Profit and loss account			607,767			691,968

Shareholders' funds			607,867			692,068

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs F. Lane
Director
Approved by the board on 22 September 2025

Italian Culinary Services Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			25% - reducing balance
	Plant and machinery			25% - reducing balance
	Motor vehicles			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					5		5


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 January 2024							36,329
	At 31 December 2024							36,329

	Amortisation
	At 1 January 2024							36,329
	At 31 December 2024							36,329

	Net book value
	At 31 December 2024							-

	The franchise fee was written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Leasehold improv.		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	3,486		70,854		87,889		162,229
	Additions	-		314,160		-		314,160
	At 31 December 2024	3,486		385,014		87,889		476,389

	Depreciation
	At 1 January 2024	2,598		49,840		30,823		83,261
	Charge for the year	222		83,296		16,547		100,065
	At 31 December 2024	2,820		133,136		47,370		183,326

	Net book value
	At 31 December 2024	666		251,878		40,519		293,063
	At 31 December 2023	888		21,014		57,066		78,968


5	Debtors					2024		2023
£							£

	Trade debtors					124,694		59,633
	Other debtors					24,923		27,424
						149,617		87,057


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					17,869		17,869
	Trade creditors					21,864		5,156
	Taxation and social security costs					5,163		47,413
	Other creditors					146,179		67,107
						201,075		147,545


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					8,333		18,333
	Obligations under finance lease and hire purchase contracts					3,231		19,176
						11,564		37,509


8	Other information

	Italian Culinary Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 55 Romsey Industrial Eatate
	Greatbridge Road
	Romsey
	Hampshire
	SO51 0HR