REGISTERED NUMBER: 06775478 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GRILLO AGRIGARDEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Pinza

REGISTERED OFFICE:

17 Grosvenor Street

Mayfair

London

W1K 4QG

REGISTERED NUMBER:

06775478 (England and Wales)

ACCOUNTANT:

Wynniatt-Husey Ltd

Chartered Accountants

The Old Coach House

Horsefair

Rugeley

Staffordshire

WS15 2EL

FIXED ASSETS

112,399

Tangible assets

4

94,095

CURRENT ASSETS

86,022

Stocks

5

46,330

534,537

Debtors

6

500,827

4,204,379

Cash at bank and in hand

5,164,509

4,824,938

5,711,666

CREDITORS

457,501

Amounts falling due within one year

7

451,562

4,367,437

NET CURRENT ASSETS

5,260,104

4,479,836

TOTAL ASSETS LESS CURRENT LIABILITIES

5,354,199

28,100

PROVISIONS FOR LIABILITIES

8

23,301

4,451,736

NET ASSETS

5,330,898

CAPITAL AND RESERVES

1

Called up share capital

9

1

4,451,735

Retained earnings

5,330,897

4,451,736

SHAREHOLDERS' FUNDS

5,330,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 June 2025 and were signed by:

Mr A Pinza - Director

1.	STATUTORY INFORMATION

Grillo Agrigarden Ltd 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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.

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 year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

Totals

machinery

fittings

vehicles

equipment

£

£

£

£

£

COST

At 1 January 2024

192,549

4,475

2,363

183,946

1,765

Additions

14,150

-

-

14,150

-

Disposals

(8,080

)

-

-

(8,080

)

-

At 31 December 2024

198,619

4,475

2,363

190,016

1,765

DEPRECIATION

At 1 January 2024

80,150

3,877

2,306

72,732

1,235

Charge for year

27,220

149

14

26,925

132

Eliminated on disposal

(2,846

)

-

-

(2,846

)

-

At 31 December 2024

104,524

4,026

2,320

96,811

1,367

NET BOOK VALUE

At 31 December 2024

94,095

449

43

93,205

398

At 31 December 2023

112,399

598

57

111,214

530

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

46,330

86,022

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

497,337

526,849

Prepayments

3,490

7,688

500,827

534,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

127,125

79,655

Amounts owed to group undertakings

-

3,508

Tax

122,557

111,432

Social security and other taxes

4,795

4,606

Pension Control

1,845

1,587

VAT

128,745

196,840

Accrued expenses

66,495

59,873

451,562

457,501

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

23,301

28,100

Deferred

tax

£

Balance at 1 January 2024

28,100

Credit to Income Statement during year

(4,799

)

Balance at 31 December 2024

23,301

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1