Ian Nebbiolo Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC692454

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,206		5,047

			11,206		5,047
CURRENT ASSETS
Debtors	5	11,003		2,555
Cash at bank and in hand		18,757		25,794

		29,760		28,349
Creditors: Amounts Falling Due Within One Year	6	(5,816 )		(2,438 )

NET CURRENT ASSETS (LIABILITIES)			23,944		25,911

TOTAL ASSETS LESS CURRENT LIABILITIES			35,150		30,958

PROVISIONS FOR LIABILITIES
Deferred Taxation			(703 )		(401 )

NET ASSETS			34,447		30,557

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			34,445		30,555

SHAREHOLDERS' FUNDS			34,447		30,557

Page 1

Page 2

Ian Nebbiolo Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Nebbiolo

Director

12th December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Ian Nebbiolo Limited is a private company, limited by shares, incorporated in Scotland, registered number SC692454 . The registered office is 2 North Place, Fetterangus, Peterhead, AB42 4HL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Straight Line

2.4. Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 orginated 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

Page 3

Page 4

Ian Nebbiolo Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	7,136
Additions	7,759

As at 31 March 2025	14,895

Depreciation
As at 1 April 2024	2,089
Provided during the period	1,600

As at 31 March 2025	3,689

Net Book Value
As at 31 March 2025	11,206

As at 1 April 2024	5,047

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	10,421	1,900
Other debtors	582	655

	11,003	2,555

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	-
Corporation tax	1,568	316
Other taxes and social security	677	588
Accruals and deferred income	800	800
Directors' loan accounts	2,772	734

	5,816	2,438

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

Page 4