Registration number: 0774204

Antonelli Bros Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Antonelli Bros Limited

(Registration number: 0774204)
Statement of Financial Position as at 30 April 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	357,067	447,284
Current assets
Stocks	5	1,030,001	1,101,045
Debtors	6	4,610,892	2,834,092
Cash at bank and in hand		447,441	685,406
		6,088,334	4,620,543
Creditors: Amounts falling due within one year	7	(1,269,001)	(640,725)
Net current assets		4,819,333	3,979,818
Total assets less current liabilities		5,176,400	4,427,102
Creditors: Amounts falling due after more than one year	7	(101,909)	(192,357)
Provisions for liabilities		(88,494)	(105,500)
Net assets		4,985,997	4,129,245
Capital and reserves
Called up share capital		2,258	2,258
Share premium reserve		429,742	429,742
Capital redemption reserve		29,000	29,000
Retained earnings		4,524,997	3,668,245
Shareholders' funds		4,985,997	4,129,245

Antonelli Bros Limited

(Registration number: 0774204)
Statement of Financial Position as at 30 April 2025

For the financial period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

Mr M Antonelli Director

Antonelli Bros Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Soapstone Way
Irlam
Manchester
Lancashire
M44 6RA
United Kingdom

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Antonelli Bros Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% on cost
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance
Equipment	25% reducing balance

Amortisation

Asset class	Amortisation method and rate
Goodwill	Written off in the year generated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Antonelli Bros Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 60 (2023 - 60).

Antonelli Bros Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 April 2025

4	Tangible assets

	Property Improvements £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	197,937	2,164,052	108,440	2,470,429
Additions	-	43,284	-	43,284
Disposals	-	(36,255)	(4,300)	(40,555)
At 30 April 2025	197,937	2,171,081	104,140	2,473,158
Depreciation
At 1 January 2024	143,578	1,825,759	53,808	2,023,145
Charge for the year	4,923	107,624	17,051	129,598
Eliminated on disposal	-	(33,309)	(3,343)	(36,652)
At 30 April 2025	148,501	1,900,074	67,516	2,116,091
Carrying amount
At 30 April 2025	49,436	271,007	36,624	357,067
At 31 December 2023	54,359	338,293	54,632	447,284

5

Stocks

	2025 £	2023 £
Raw materials and consumables	99,459	120,555
Work in progress	10,380	-
Finished goods and goods for resale	836,806	863,220
Other inventories	83,356	117,270
	1,030,001	1,101,045

Antonelli Bros Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 April 2025

6

Debtors

Current	Note	2025 £	2023 £
Trade debtors		1,257,218	235,653
Amounts owed by related parties		3,092,964	2,070,802
Prepayments		243,305	348,619
Other debtors		17,405	179,018
		4,610,892	2,834,092

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2023 £
Due within one year
Loans and borrowings		82,235	82,235
Trade creditors		746,614	187,293
Taxation and social security		333,131	183,433
Accruals and deferred income		40,467	71,792
Other creditors		66,554	115,972
		1,269,001	640,725