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Registered number: 04411110
Sfizio Restaurants Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Tony R Pomfret & Associates
37a High Street
Hoddesdon
EN11 8TA
Sfizio Restaurants Limited
Contents
Contents

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

Page 1
Sfizio Restaurants Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 04411110

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 29,979 |  | 30,805
|  |  | 29,979 |  | 30,805
CURRENT ASSETS
Stocks | 5 | 2,500 |  | 2,750 |
Debtors | 6 | 17,070 |  | 12,586 |
Cash at bank and in hand |  | 47,542 |  | 35,012 |
|  | 67,112 |  | 50,348 |
Creditors: Amounts Falling Due Within One Year | 7 | (28,887 ) |  | (27,562 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 38,225 |  | 22,786
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 68,204 |  | 53,591
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (5,322 ) |  | (5,397 )
NET ASSETS |  |  | 62,882 |  | 48,194
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Revaluation reserve | 9 |  | 27,500 |  | 27,500
Capital redemption reserve |  |  | 4 |  | 4
Profit and Loss Account |  |  | 35,376 |  | 20,688
SHAREHOLDERS' FUNDS |  |  | 62,882 |  | 48,194

Page 1
Page 2
Sfizio Restaurants Limited
Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 April 2025 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 Riccardo Merlo Director
02/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Sfizio Restaurants Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Sfizio Restaurants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04411110 . The registered office is Sfizio, 46-47 Church Street, Ware, SG12 9EW.
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.
Turnover which relates to income recieved from customers who dine in the restaurant, is recognised on the day the event occurs. Turnover received in advance via deposits, are held as a liability on the balance sheet until the customer(s) dine in the restaurant.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 | Straight line over the life of the lease
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 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. 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. 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
Page 3
Page 4
Sfizio Restaurants Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.5. 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 3 (2024: 4)
3 4
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 May 2024 | 6,417 | 2,000 | 140,551 | 148,968
As at 30 April 2025 | 6,417 | 2,000 | 140,551 | 148,968
Depreciation
As at 1 May 2024 | 6,417 | 1,156 | 110,590 | 118,163
Provided during the period | - | 211 | 615 | 826
As at 30 April 2025 | 6,417 | 1,367 | 111,205 | 118,989
Net Book Value
As at 30 April 2025 | - | 633 | 29,346 | 29,979
As at 1 May 2024 | - | 844 | 29,961 | 30,805

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock-Materials | 2,500 |  | 2,750

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 17,070 |  | 12,586

Page 4
Page 5
Sfizio Restaurants Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 13,297 |  | 10,513
Other creditors | 397 |  | 1,070
Taxation and social security | 15,193 |  | 15,979
| 28,887 |  | 27,562

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 May 2024 | 27,500
As at 30 April 2025 | 27,500

10. Related Party Transactions
Directors' Loan Acounts

Directors' Loan Acounts

At balance sheet date, the company owed £397 (2024 £117) to Mr R Merlo, who is a director and shareholder of the company.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Merlo by virtue of his ownership of 100% of the issued share capital in the company.
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