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REGISTERED NUMBER: SC773069 (Scotland)




















Delfino Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2025






Delfino Ltd (Registered number: SC773069)






Contents of the Financial Statements
for the Year Ended 30 June 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Delfino Ltd

Company Information
for the Year Ended 30 June 2025







DIRECTOR: R Pia



REGISTERED OFFICE: 38 North Junction Street
Edinburgh
United Kingdom
EH6 6HP



REGISTERED NUMBER: SC773069 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Allica Bank
4th Floor
164 Bishopsgate
London
EC2M 4LX

Delfino Ltd (Registered number: SC773069)

Balance Sheet
30 June 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,414 30,543

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 41,277 16,416
Cash at bank and in hand 36,383 19,102
82,660 40,518
CREDITORS
Amounts falling due within one year 6 149,836 100,709
NET CURRENT LIABILITIES (67,176 ) (60,191 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,762 ) (29,648 )

CREDITORS
Amounts falling due after more than one
year

7

5,969

6,080
NET LIABILITIES (48,731 ) (35,728 )

Delfino Ltd (Registered number: SC773069)

Balance Sheet - continued
30 June 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (48,734 ) (35,731 )
(48,731 ) (35,728 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 18 December 2025 and were signed by:





R Pia - Director


Delfino Ltd (Registered number: SC773069)

Notes to the Financial Statements
for the Year Ended 30 June 2025

1. STATUTORY INFORMATION

Delfino Ltd is a private company, limited by shares , registered in Scotland. 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 represents net sales of takeaway food and drink, excluding value added tax. Turnover is recognised at the point of sale.

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.
Plant and machinery etc - 20% 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


Delfino Ltd (Registered number: SC773069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

2. ACCOUNTING POLICIES - continued
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.

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 paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of the directors and its creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

Delfino Ltd (Registered number: SC773069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2024 38,179
Additions 12,876
At 30 June 2025 51,055
DEPRECIATION
At 1 July 2024 7,636
Charge for year 19,005
At 30 June 2025 26,641
NET BOOK VALUE
At 30 June 2025 24,414
At 30 June 2024 30,543

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2024 29,565
Additions 12,186
At 30 June 2025 41,751
DEPRECIATION
At 1 July 2024 5,913
Charge for year 17,144
At 30 June 2025 23,057
NET BOOK VALUE
At 30 June 2025 18,694
At 30 June 2024 23,652

Delfino Ltd (Registered number: SC773069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 28,483 9,213
Other debtors 12,794 7,203
41,277 16,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Finance leases (see note 8) 12,725 10,773
Trade creditors 40,342 33,229
Taxation and social security 28,282 23,111
Other creditors 68,487 33,596
149,836 100,709

Included in other creditors are balances due to the directors' and to related parties.The balances are interest-free, unsecured, and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Finance leases (see note 8) 5,969 6,080

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2025 2024
£    £   
Net obligations repayable:
Within one year 12,725 10,773
Between one and five years 5,969 6,080
18,694 16,853

Delfino Ltd (Registered number: SC773069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

8. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 41,600 41,600

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2025 and the period ended 30 June 2024:

2025 2024
£    £   
R Pia
Balance outstanding at start of year 201 -
Amounts advanced 5,300 2,201
Amounts repaid (1,500 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,001 201

Included in other debtors is a balance due on a director's current account. The balance is interest-free, unsecured, and repayable on demand.