ACCOUNTS - Final Accounts

Registered number: 718205

ZANETTI & COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2025

ZANETTI & COMPANY LIMITED

Registered number: 718205

BALANCE SHEET

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets			40,946		53,464
Investments	3		8,508		8,508
			49,454		61,972
Current assets
Stocks	4	93,507		84,332
Debtors: amounts falling due within one year	5	94,095		603,424
Cash at bank and in hand	6	948,265		741,465
		1,135,867		1,429,221
Creditors: amounts falling due within one year	7	(575,271)		(935,121)
Net current assets			560,596		494,100
Total assets less current liabilities			610,050		556,072

Net assets			610,050		556,072

Capital and reserves
Called up share capital	9,075	9,075
Profit and loss account	600,975	546,997
	610,050	556,072

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S.R. Zanetti

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ZANETTI & COMPANY LIMITED

Registered number: 718205

BALANCE SHEET (CONTINUED)

As at 31 March 2025

Director

Date: 5 December 2025

The notes on pages 3 to 7 form part of these financial statements.

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ZANETTI & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

1.	General information

The Company is a private company, limited by shares and domiciled in England and Wales. The principal place of business is Verona House, Filwood Road, Fishponds, Bristol BS16 3RY. Its principal activity is the supply and fitting granite and marble products.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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ZANETTI & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery	-	25%
Motor vehicles	-	25%
Fixtures & fittings	-	15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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ZANETTI & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 April 2024	8,508
	At 31 March 2025	8,508

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ZANETTI & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

4.	Stocks
		2025	2024
		£	£

Raw materials and consumables	93,507	84,332
	93,507	84,332

Debtors

					2025	2024
					£	£


Trade debtors	85,633	107,111
Other debtors	6,028	464,075
Prepayments and accrued income	2,434	32,238
	94,095	603,424

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	948,265	741,465
	948,265	741,465

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	31,558	7,764
Corporation tax	21,982	15,563
Other taxation and social security	50,730	40,150
Other creditors	442,319	843,381
Accruals and deferred income	28,682	28,263
	575,271	935,121

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ZANETTI & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £28,006 (2024 - £nil).

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