Registration number: 08254938

Giacone Car Care Centre Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Giacone Car Care Centre Ltd

Company Information

Directors

Juan-Pierre Giacone Giuiseppe Giacone Mr Adrian Gilbert

Registered office

6 Clinton Avenue Nottingham Nottinghamshire NG5 1AW

Accountants

M Ball & Co Limited The Hemington Millhouse Business Centre Station Road Castle Donington Derby DE74 2NJ

Giacone Car Care Centre Ltd

(Registration number: 08254938)
Balance Sheet as at 4 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	167,350	21,603
Current assets
Stocks	5	9,705	29,905
Debtors	6	62,681	811,364
Cash at bank and in hand		-	313,233
		72,386	1,154,502
Creditors: Amounts falling due within one year	7	(249,865)	(299,871)
Net current (liabilities)/assets		(177,479)	854,631
Total assets less current liabilities		(10,129)	876,234
Provisions for liabilities		(4,250)	(5,401)
Net (liabilities)/assets		(14,379)	870,833
Capital and reserves
Called up share capital		2	2
Retained earnings		(14,381)	870,831
Shareholders' (deficit)/funds		(14,379)	870,833

For the financial period ending 4 October 2024 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.

Giacone Car Care Centre Ltd

(Registration number: 08254938)
Balance Sheet as at 4 October 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 12 January 2026 and signed on its behalf by:
 

......................................... Giuiseppe Giacone Director

Giacone Car Care Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 4 October 2024

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:
6 Clinton Avenue
Nottingham
Nottinghamshire
NG5 1AW

These financial statements were authorised for issue by the Board on 12 January 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Giacone Car Care Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 4 October 2024

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 balance sheet 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
Plant and Machinery	20% Reducing balance
Office Equipment	33.33% Straight line
Motor Vehicle	25% Reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Giacone Car Care Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 4 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 7 (2023 - 9).

Giacone Car Care Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 4 October 2024

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2023	46,334	916	13,811	61,061
Additions	150,350	-	-	150,350
At 4 October 2024	196,684	916	13,811	211,411
Depreciation
At 1 November 2023	30,394	912	8,152	39,458
Charge for the period	3,188	-	1,415	4,603
At 4 October 2024	33,582	912	9,567	44,061
Carrying amount
At 4 October 2024	163,102	4	4,244	167,350
At 31 October 2023	15,940	4	5,659	21,603

5

Stocks

	2024 £	2023 £
Other inventories	9,705	29,905

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		-	167,332
Amounts owed by related parties		-	642,119
Prepayments		-	1,913
Other debtors		62,681	-
		62,681	811,364

Giacone Car Care Centre Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 4 October 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		-	91,167
Amounts owed to group undertakings and undertakings in which the company has a participating interest		230,525	-
Taxation and social security		-	109,961
Accruals and deferred income		16,000	94,240
Other creditors		3,340	4,503
		249,865	299,871