PANINO GIUSTO (UK) LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07870139

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		163,219		190,568

			163,219		190,568
CURRENT ASSETS
Stocks	5	55,412		45,412
Debtors	6	57,916		26,029
Cash at bank and in hand		160,574		59,927

		273,902		131,368
Creditors: Amounts Falling Due Within One Year	7	(287,118 )		(197,901 )

NET CURRENT ASSETS (LIABILITIES)			(13,216 )		(66,533 )

TOTAL ASSETS LESS CURRENT LIABILITIES			150,003		124,035

Creditors: Amounts Falling Due After More Than One Year	8		(71,546 )		(87,501 )

NET ASSETS			78,457		36,534

CAPITAL AND RESERVES
Called up share capital	9		570,644		570,644
Other reserves			1,050,317		1,050,317
Profit and Loss Account			(1,542,504 )		(1,584,427 )

SHAREHOLDERS' FUNDS			78,457		36,534

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PANINO GIUSTO (UK) 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

Mr ALESSANDRO LIMONE

Director

17/03/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PANINO GIUSTO (UK) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07870139 . The registered office is 13 St. Swithin's Lane,, 2nd Floor,, London, EC4N 8AL.

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:

Leasehold	15% red. bal.
Plant & Machinery	25% red. bal.
Fixtures & Fittings	15% red. bal.
Computer Equipment	25% red. bal.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2023: 24)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	293,929	521	490,672	42,310	827,432
Additions	-	-	1,555	-	1,555

As at 31 December 2024	293,929	521	492,227	42,310	828,987

...CONTINUED

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PANINO GIUSTO (UK) LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	182,090	345	412,287	42,142	636,864
Provided during the period	16,776	176	11,784	168	28,904

As at 31 December 2024	198,866	521	424,071	42,310	665,768

Net Book Value
As at 31 December 2024	95,063	-	68,156	-	163,219

As at 1 January 2024	111,839	176	78,385	168	190,568

5. Stocks

	2024	2023
	£	£
Stock	55,412	45,412

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	8,398
Other debtors	57,916	16,085

	57,916	24,483
Due after more than one year
Other debtors	-	1,546

	57,916	26,029

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	70,632	38,021
Bank loans and overdrafts	4,026	-
Other creditors	53,937	61,436
Taxation and social security	158,523	98,444

	287,118	197,901

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	35,961	42,416
Other loans	35,585	45,085

	71,546	87,501

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	570,644	570,644

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