REGISTERED NUMBER: 04093997 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 1 April 2025

for

Disotto Foods Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Patrizia Dionisi

Robert Marciano

REGISTERED OFFICE:

Unit B

Western Trading Estate

Trading Estate Road

London

NW10 7LU

REGISTERED NUMBER:

04093997 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

2,801,999

1,923,287

2,802,000

1,923,288

CURRENT ASSETS

Stocks

6

1,178,301

1,095,431

Debtors

7

1,016,357

1,222,196

Cash at bank and in hand

74,147

2,162,945

2,268,805

4,480,572

CREDITORS

Amounts falling due within one year

8

2,974,276

3,444,460

NET CURRENT (LIABILITIES)/ASSETS

(705,471

)

1,036,112

TOTAL ASSETS LESS CURRENT LIABILITIES

2,096,529

2,959,400

CREDITORS

Amounts falling due after more than one year

9

391,096

915,687

NET ASSETS

1,705,433

2,043,713

CAPITAL AND RESERVES

Called up share capital

13

750

750

Capital redemption reserve

14

250

250

Retained earnings

14

1,704,433

2,042,713

SHAREHOLDERS' FUNDS

1,705,433

2,043,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 1 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by:

Robert Marciano - Director

1.	STATUTORY INFORMATION

Disotto Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents net invoiced sales of goods, which fall within the company's ordinary activities, excluding value added tax. Turnover is reduced for customer returns, rebates and other similar allowances.

Revenue related to the sale of goods is recognised at the point where the company has transferred to the buyer the significant risks and rewards of ownership of the goods, the amount of the revenue can be measured reliably and it is probable the economic benefits associated with the transaction will flow to the company.

Specifically, revenue from sale of goods is recognised at the point when the goods are despatched from the warehouse.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

over the period of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

No depreciation was provided in the year for assets under construction as the assets were not available for use in the year.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs, which comprise of direct production costs, are based on the method most appropriate to the type of stock class, but usually on a first in first out basis. Overheads are charged to the profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down o stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 49 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 1 April 2025

235,057

AMORTISATION

At 1 April 2024

and 1 April 2025

235,056

NET BOOK VALUE

At 1 April 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Assets

Improvements

under

to

Plant and

construction

property

machinery

£

£

£

COST

At 1 April 2024

831,575

1,283,966

3,125,694

Additions

877,088

-

182,746

At 1 April 2025

1,708,663

1,283,966

3,308,440

DEPRECIATION

At 1 April 2024

-

1,121,845

2,309,836

Charge for period

-

19,350

133,537

At 1 April 2025

-

1,141,195

2,443,373

NET BOOK VALUE

At 1 April 2025

1,708,663

142,771

865,067

At 31 March 2024

831,575

162,121

815,858

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

508,189

29,250

267,665

6,046,339

Additions

1,674

-

9,587

1,071,095

At 1 April 2025

509,863

29,250

277,252

7,117,434

DEPRECIATION

At 1 April 2024

449,561

21,031

220,779

4,123,052

Charge for period

15,764

2,054

21,678

192,383

At 1 April 2025

465,325

23,085

242,457

4,315,435

NET BOOK VALUE

At 1 April 2025

44,538

6,165

34,795

2,801,999

At 31 March 2024

58,628

8,219

46,886

1,923,287

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 1 April 2025

510,333

DEPRECIATION

At 1 April 2024

193,374

Charge for period

47,544

At 1 April 2025

240,918

NET BOOK VALUE

At 1 April 2025

269,415

At 31 March 2024

316,959

6.

STOCKS

1.4.25

31.3.24

£

£

Raw materials

334,583

354,336

Finished goods

843,718

741,095

1,178,301

1,095,431

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.4.25

31.3.24

£

£

Trade debtors

875,471

960,769

Amounts owed by group undertakings

37,016

1,669

Other debtors

103,870

259,758

1,016,357

1,222,196

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.4.25

31.3.24

£

£

Bank loans and overdrafts (see note 10)

346,393

264,569

Hire purchase contracts (see note 11)

100,000

105,559

Trade creditors

191,740

706,077

Amounts owed to group undertakings

-

363,818

Taxation and social security

164,286

73,208

Other creditors

2,171,857

1,931,229

2,974,276

3,444,460

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

1.4.25

31.3.24

£

£

Bank loans (see note 10)

341,096

765,687

Hire purchase contracts (see note 11)

50,000

150,000

391,096

915,687

10.

LOANS

An analysis of the maturity of loans is given below:

1.4.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

346,393

264,569

Amounts falling due between one and two years:

Bank loans

200,560

264,569

Amounts falling due between two and five years:

Bank loans

140,536

501,118

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

1.4.25

31.3.24

£

£

Gross obligations repayable:

Within one year

116,375

122,489

Between one and five years

58,188

174,563

174,563

297,052

Finance charges repayable:

Within one year

16,375

16,930

Between one and five years

8,188

24,563

24,563

41,493

Net obligations repayable:

Within one year

100,000

105,559

Between one and five years

50,000

150,000

150,000

255,559

Non-cancellable

operating leases

1.4.25

31.3.24

£

£

Within one year

601,110

461,999

Between one and five years

2,207,581

1,462,482

In more than five years

2,115,598

1,756,961

4,924,289

3,681,442

12.	SECURED DEBTS

The following secured debts are included within creditors:

1.4.25

31.3.24

£

£

Bank loans

687,489

1,030,256

Hire purchase contracts

150,000

255,559

837,489

1,285,815

One of the directors has provided a guarantee for one of the loan up to £500,000.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

1.4.25

31.3.24

value:

£

£

750

Ordinary

£1

750

750

14.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

2,042,713

250

2,042,963

Deficit for the period

(338,280

)

(338,280

)

At 1 April 2025

1,704,433

250

1,704,683

15.	CONTROLLING PARTY

The company's ultimate and immediate parent undertaking is Disotto Holdings Limited, a company incorporated in England and Wales.