Giotech Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05087427

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,123		10,154
Tangible Assets	5		4,758		6,346
Investments	6		1		1

			12,882		16,501
CURRENT ASSETS
Debtors	7	1,153,786		1,012,756
Cash at bank and in hand		909,161		613,325

		2,062,947		1,626,081
Creditors: Amounts Falling Due Within One Year	8	(368,652 )		(263,723 )

NET CURRENT ASSETS (LIABILITIES)			1,694,295		1,362,358

TOTAL ASSETS LESS CURRENT LIABILITIES			1,707,177		1,378,859

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,085 )		(3,977 )

NET ASSETS			1,705,092		1,374,882

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			1,705,091		1,374,881

SHAREHOLDERS' FUNDS			1,705,092		1,374,882

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Giotech Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Alexandre Giordmaina

Director

31/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Giotech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05087427 . The registered office is 4 Poole Road, Hornchurch, Essex, RM11 3AS.

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.

The presentational and functional currency of the Company is Sterling. Results in these financial statements have been prepared to the nearest £1.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets include software which is amortised to profit and loss account under 20% reducing balance.

2.4. 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	20% - Reducing balance
Motor Vehicles	25% - Reducing balance

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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Giotech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

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: 24 (2024: 26)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2024	89,477

As at 31 January 2025	89,477

Amortisation
As at 1 February 2024	79,323
Provided during the period	2,031

As at 31 January 2025	81,354

Net Book Value
As at 31 January 2025	8,123

As at 1 February 2024	10,154

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 February 2024	4,499	4,833	9,332

As at 31 January 2025	4,499	4,833	9,332

Depreciation
As at 1 February 2024	1,778	1,208	2,986
Provided during the period	681	907	1,588

As at 31 January 2025	2,459	2,115	4,574

Net Book Value
As at 31 January 2025	2,040	2,718	4,758

As at 1 February 2024	2,721	3,625	6,346

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Giotech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Investments

	Unlisted
	£
Cost
As at 1 February 2024	1

As at 31 January 2025	1

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	1

As at 1 February 2024	1

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	191,491	125,747
Prepayments and accrued income	9,308	10,238
Other debtors	-	200
Retail Corp Intercompany Loan	952,987	876,571

	1,153,786	1,012,756

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	126,017	88,974
Corporation tax	89,427	2,213
PAYE	33,989	14,293
VAT	72,580	61,456
Net wages	-	48,015
Pension	3,852	3,738
Barclaycard Mastercard	3,653	1,212
Accruals and deferred income	9,677	1,237
Directors' loan accounts	29,457	42,585

	368,652	263,723

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Giotech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

10. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	38,328	38,329

The above issued dividends are Ordinary shares at a value of £1.

11. Ultimate Controlling Party

The company's ultimate controlling party is A Giordmaina by virtue of his ownership of 100% of the issued share capital in the company.

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