| Vincenzo Limited |
| Registered number: |
04430089 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
234,448 |
|
|
269,934 |
|
| Current assets |
| Stocks |
|
|
70,535 |
|
|
62,291 |
| Debtors |
4 |
|
359,130 |
|
|
384,194 |
| Cash at bank and in hand |
|
|
90,052 |
|
|
255,027 |
|
|
|
519,717 |
|
|
701,512 |
|
| Creditors: amounts falling due within one year |
5 |
|
(503,043) |
|
|
(674,363) |
|
| Net current assets |
|
|
|
16,674 |
|
|
27,149 |
|
| Total assets less current liabilities |
|
|
|
251,122 |
|
|
297,083 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(109,137) |
|
|
(161,933) |
|
| Deferred income and provisions for liabilities |
|
|
|
(38,038) |
|
|
(34,538) |
|
|
| Net assets |
|
|
|
103,947 |
|
|
100,612 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
103,847 |
|
|
100,512 |
|
| Shareholders' funds |
|
|
|
103,947 |
|
|
100,612 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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. |
|
|
|
|
| Mr V Zaccarini |
| Director |
| Approved by the board on 23 October 2025 |
|
| Vincenzo Limited |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of group of assets at reducing balance method, at the following rate. |
|
|
Short leasehold and integral plant and machinery |
- |
Over the period of lease |
|
Plant and machinery |
- |
25% |
|
Fixtures, fittings, tools and equipment |
- |
15% |
|
|
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 recognised at transaction price including any transaction costs. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
|
|
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. 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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets. The finance charge is written off over the period of the life of the assets for which the finance lease is secured. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
17 |
|
17 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Finance lease assets |
|
Plant and machinery incl delivery vans |
|
Short leasehold and integral plant & machinery |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 February 2024 |
29,627 |
|
436,446 |
|
51,869 |
|
517,942 |
|
Additions |
- |
|
13,205 |
|
- |
|
13,205 |
|
At 31 January 2025 |
29,627 |
|
449,651 |
|
51,869 |
|
531,147 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
16,478 |
|
225,156 |
|
6,374 |
|
248,008 |
|
Charge for the year |
7,407 |
|
37,135 |
|
4,149 |
|
48,691 |
|
At 31 January 2025 |
23,885 |
|
262,291 |
|
10,523 |
|
296,699 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
5,742 |
|
187,360 |
|
41,346 |
|
234,448 |
|
At 31 January 2024 |
13,149 |
|
211,290 |
|
45,495 |
|
269,934 |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
321,226 |
|
343,862 |
|
Amounts owed by associated company |
|
9,172 |
|
- |
|
Director's loan |
|
|
|
|
13,784 |
|
803 |
|
Deposits and prepayments |
|
|
|
|
12,720 |
|
38,701 |
|
Other debtors |
2,228 |
|
828 |
|
|
|
|
|
|
359,130 |
|
384,194 |
|
The director's loan account was overdrawn. The director proposes to repay this amount during the next financial year. Meanwhile interest is charged at the rate of 2.25% amounting to £200. |
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
37,710 |
|
55,813 |
|
Trade creditors |
388,538 |
|
538,019 |
|
Amounts owed to associated company |
|
32,273 |
|
32,273 |
|
Other taxes and social security costs |
7,245 |
|
29,704 |
|
Corporation tax liability |
15,156 |
|
- |
|
Other creditors |
22,121 |
|
18,554 |
|
|
|
|
|
|
503,043 |
|
674,363 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Government backed loan |
34,654 |
|
37,307 |
|
Obligations under finance lease and hire purchase contracts |
74,483 |
|
124,626 |
|
|
|
|
|
|
109,137 |
|
161,933 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
As of 18 September 2024 the company became a wholly owned subsidiary of Shenfield Avenue Holdings LTD. |
|
Shenfield Avenue Holdings LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Outer Ground Floor Office |
|
8 Paxton Terrace |
|
Grosvenor Road |
|
London |
|
SWIV 3DA |