Company Registration No. 07080897 (England and Wales)
A & F Gelati Italiani Limited
Unaudited accounts
for the year ended 31 March 2025
A & F Gelati Italiani Limited
Unaudited accounts
Contents
A & F Gelati Italiani Limited
Company Information
for the year ended 31 March 2025
Directors
F Cagetti
A Cesana
Company Number
07080897 (England and Wales)
Registered Office
Unit C34 Hastingwood Trading Estate
Harbet Road
London
N18 3HU
England
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
A & F Gelati Italiani Limited
Statement of financial position
as at 31 March 2025
Tangible assets
18,720
25,949
Cash at bank and in hand
28,079
21,513
Creditors: amounts falling due within one year
(159,359)
(133,458)
Net current assets
93,007
77,886
Total assets less current liabilities
111,727
103,835
Creditors: amounts falling due after more than one year
(58,655)
(20,883)
Called up share capital
100
100
Profit and loss account
52,972
82,852
Shareholders' funds
53,072
82,952
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
F Cagetti
Director
Company Registration No. 07080897
A & F Gelati Italiani Limited
Notes to the Accounts
for the year ended 31 March 2025
A & F Gelati Italiani Limited is a private company, limited by shares, registered in England and Wales, registration number 07080897. The registered office is Unit C34 Hastingwood Trading Estate, Harbet Road, London, N18 3HU, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
25% on Reducing value
Fixtures & fittings
25% Straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A & F Gelati Italiani Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
194,486
44,495
22,492
261,473
At 31 March 2025
194,908
44,495
22,613
262,016
At 1 April 2024
190,284
25,084
20,156
235,524
Charge for the year
1,186
4,853
1,733
7,772
At 31 March 2025
191,470
29,937
21,889
243,296
At 31 March 2025
3,438
14,558
724
18,720
At 31 March 2024
4,202
19,411
2,336
25,949
Finished goods
85,425
65,000
Amounts falling due within one year
Trade debtors
125,804
112,270
Accrued income and prepayments
5,409
4,912
A & F Gelati Italiani Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,648
Obligations under finance leases and hire purchase contracts
5,190
6,762
Trade creditors
90,070
67,557
Taxes and social security
8,811
4,801
Other creditors
28,284
16,076
Loans from directors
6,790
16,500
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
4,884
9
Average number of employees
During the year the average number of employees was 11 (2024: 8).