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Company Registration No. 9958448 (England and Wales)
CIAO LIMITED Unaudited accounts for the period from 1 February 2024 to 31 July 2025
CIAO LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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CIAO LIMITED Company Information for the period from 1 February 2024 to 31 July 2025
Director
M Fraioli
Company Number
9958448 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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CIAO LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
30,550
Current assets
Inventories
-
11,582
Debtors
5
-
11,794
Cash at bank and in hand
-
82,465
-
105,841
Creditors: amounts falling due within one year
6
(5,528)
(62,831)
Net current (liabilities)/assets
(5,528)
43,010
Total assets less current liabilities
(5,528)
73,560
Creditors: amounts falling due after more than one year
7
-
(21,667)
Net (liabilities)/assets
(5,528)
51,893
Capital and reserves
Called up share capital
100
100
Profit and loss account
(5,628)
51,793
Shareholders' funds
(5,528)
51,893
For the period ending 31 July 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2025 and were signed on its behalf by
M Fraioli Director Company Registration No. 9958448
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CIAO LIMITED Notes to the Accounts for the period from 1 February 2024 to 31 July 2025
1
Statutory information
CIAO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9958448. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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CIAO LIMITED Notes to the Accounts for the period from 1 February 2024 to 31 July 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
54,643
19,322
1,867
75,832
Disposals
(54,643)
(19,322)
(1,867)
(75,832)
At 31 July 2025
-
-
-
-
Depreciation
At 1 February 2024
32,570
11,050
1,662
45,282
Charge for the period
4,106
3,562
205
7,873
On disposals
(36,676)
(14,612)
(1,867)
(53,155)
At 31 July 2025
-
-
-
-
Net book value
At 31 July 2025
-
-
-
-
At 31 January 2024
22,073
8,272
205
30,550
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
416
Accrued income and prepayments
-
4,473
Other debtors
-
655
-
5,544
Amounts falling due after more than one year
Other debtors
-
6,250
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
10,000
VAT
-
16,193
Trade creditors
-
14,989
Taxes and social security
4,472
4,353
Other creditors
-
3,750
Accruals
1,056
8,840
Deferred income
-
4,706
5,528
62,831
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
21,667
8
Average number of employees
During the period the average number of employees was 9 (2024: 9).
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