Spizarnia Food Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13772925

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,358		21,812

			16,358		21,812
CURRENT ASSETS
Stocks	5	206,970		89,995
Debtors	6	3,387,888		3,184,007
Cash at bank and in hand		211,656		3,657,518

		3,806,514		6,931,520
Creditors: Amounts Falling Due Within One Year	7	(5,794,918 )		(8,652,397 )

NET CURRENT ASSETS (LIABILITIES)			(1,988,404 )		(1,720,877 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,972,046 )		(1,699,065 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,090 )		(5,453 )

NET LIABILITIES			(1,976,136 )		(1,704,518 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(1,976,236 )		(1,704,618 )

SHAREHOLDERS' FUNDS			(1,976,136)		(1,704,518)

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Spizarnia Food Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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

P Kolasa

Director

25/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Spizarnia Food Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13772925 . The registered office is 3 Westfield House, Millfield Lane, Nether Poppleton, York, YO26 6GA.

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. 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.

2.3. 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:

Plant & Machinery

25% reducing balance

2.4. 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.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Spizarnia Food Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	24,000

As at 31 December 2024	24,000

Depreciation
As at 1 January 2024	2,188
Provided during the period	5,454

As at 31 December 2024	7,642

Net Book Value
As at 31 December 2024	16,358

As at 1 January 2024	21,812

5. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	206,970	89,995

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	3,335,137	2,726,844
Other debtors	52,751	457,163

	3,387,888	3,184,007

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Spizarnia Food Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	5,350,322	8,150,082
Other creditors	43,101	60,572
Taxation and social security	401,495	441,743

	5,794,918	8,652,397

8. Related Party Transactions

During the period the company entered into transactions with Spizarnia Sp. z.o.o, an entity which meets the related party definition. At the balance sheet date, the company owed £4,535,878 (2023 - £6,922,603) to Spizarnia Sp. z o.o and was owed £nil (2023 - £11,000) by Spizarnia Sp. z o.o. These balances are interest-free, repayable on demand and included within trade creditors and debtors due within one year.

During the period the company entered into transactions with Spizarnia Trade Sp. z.o.o., an entity which meets the related party definition. At the balance sheet date, the company owed £nil (2023 - £593,417) to Spizarnia Trade Sp. z o. o. This balance is interest-free, repayable on demand and included within trade creditors due within one year.

During the period the company entered into transactions with Spizarnia (UK) Ltd, an entity which meets the related party definition. At the balance sheet date, the company owed £657,737 (2023 - £635,591) to Spizarnia (UK) Ltd. At the balance sheet date, the company was also owed £2,867 (2023 - £447,179) by Spizarnia (UK) Ltd. These balances are interest-free, repayable on demand and included within trade debtors and creditors due within one year.

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