Giorgio Locatelli Consultancy Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03224244 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GIORGIO LOCATELLI CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Locatelli

Mrs P C Locatelli

SECRETARY:

Mrs P C Locatelli

REGISTERED OFFICE:

Simons Muirhead Burton

87-91 Newman Street

London

W1T 3EY

REGISTERED NUMBER:

03224244 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

28,794

14,957

CURRENT ASSETS

Stocks

180,720

194,361

Debtors

5

128,329

145,047

Cash at bank

81,108

27,278

390,157

366,686

CREDITORS

Amounts falling due within one year

6

189,039

86,553

NET CURRENT ASSETS

201,118

280,133

TOTAL ASSETS LESS CURRENT
LIABILITIES

229,912

295,090

CREDITORS

Amounts falling due after more than
one year

7

(20,348

)

-

PROVISIONS FOR LIABILITIES

9

(2,779

)

(2,775

)

NET ASSETS

206,785

292,315

CAPITAL AND RESERVES

Called up share capital

10

4

Retained earnings

206,781

292,311

SHAREHOLDERS' FUNDS

206,785

292,315

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 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.

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

G Locatelli - Director

1.	STATUTORY INFORMATION

Giorgio Locatelli Consultancy 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

The directors have reviewed the working capital requirements of the company for a period of not less than 12 months from the signing of these financial statements. The directors are therefore of the opinion that the company will be in a position to continue to meet its working capital requirements as and when they fall due and continue to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

30,945

18,451

49,396

Additions

33,875

-

33,875

Disposals

(30,945

)

-

(30,945

)

At 31 December 2024

33,875

18,451

52,326

DEPRECIATION

At 1 January 2024

15,988

18,451

34,439

Charge for year

5,081

-

5,081

Eliminated on disposal

(15,988

)

-

(15,988

)

At 31 December 2024

5,081

18,451

23,532

NET BOOK VALUE

At 31 December 2024

28,794

-

28,794

At 31 December 2023

14,957

-

14,957

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

30,945

Additions

33,875

Disposals

(30,945

)

At 31 December 2024

33,875

DEPRECIATION

At 1 January 2024

15,988

Charge for year

5,081

Eliminated on disposal

(15,988

)

At 31 December 2024

5,081

NET BOOK VALUE

At 31 December 2024

28,794

At 31 December 2023

14,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

49,790

108,784

Amounts owed by participating interests

-

421

Other debtors

5,140

650

Corporation tax recoverable

13,835

VAT

586

1,446

Prepayments & accrued income

58,978

19,911

128,329

145,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts

2,016

17,933

Trade creditors

3,878

11,524

Amounts owed to group undertakings

33,452

33,370

Amounts owed to related undertakings

132,281

-

Social security and other taxes

4,824

11,175

Other creditors

2,912

3,057

Pension contributions

594

640

Directors' current accounts

892

29

Accrued expenses

8,190

8,825

189,039

86,553

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Hire purchase contracts

20,348

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

22,364

17,933

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

2,827

Other timing differences

(48

)

(52

)

2,779

2,775

Deferred

tax

£

Balance at 1 January 2024

2,775

Provided during year

4

Balance at 31 December 2024

2,779

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2

Ordinary

£1

2

Ordinary A

£1

2

4

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

G Locatelli

Balance outstanding at start of year

(29

)

(47,225

)

Amounts advanced

59,981

686,132

Amounts repaid

(60,844

)

(638,936

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(892

)

(29

)

The loan was repaid in full during the year.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in FRS102 1a from disclosing transactions with members of the same group.

Summary of transactions with entities with joint control or significant interest:

Company related through common control: Findcharm Limited

During the year Findcharm Limited lent monies and incurred net expenses on behalf of Giorgio Locatelli Consultancy Limited amounting to £162,702 (2023 - £94,868).

Giorgio Locatelli Consultancy Limited repaid to Findcharm Limited during the year £30,000 (2023 - £118,549)

At the balance sheet date £132,281 (2023 - £421 was owed from Findcharm) was owed to Findcharm Limited.

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Locadeli Limited.

The directors of the company are the ultimate controlling parties.