Silverfin false false 28/02/2025 01/03/2024 28/02/2025 J Di Ciacca 01/03/2023 P Di Ciacca 01/03/2023 16 January 2026 The principal activity of the Company during the financial year continued to be fast food outlets. SC419369 2025-02-28 SC419369 bus:Director1 2025-02-28 SC419369 bus:Director2 2025-02-28 SC419369 2024-02-29 SC419369 core:CurrentFinancialInstruments 2025-02-28 SC419369 core:CurrentFinancialInstruments 2024-02-29 SC419369 core:Non-currentFinancialInstruments 2025-02-28 SC419369 core:Non-currentFinancialInstruments 2024-02-29 SC419369 core:ShareCapital 2025-02-28 SC419369 core:ShareCapital 2024-02-29 SC419369 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC419369 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC419369 core:Goodwill 2024-02-29 SC419369 core:Goodwill 2025-02-28 SC419369 core:OtherPropertyPlantEquipment 2024-02-29 SC419369 core:OtherPropertyPlantEquipment 2025-02-28 SC419369 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2025-02-28 SC419369 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-02-29 SC419369 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-02-28 SC419369 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-02-29 SC419369 bus:OrdinaryShareClass1 2025-02-28 SC419369 2024-03-01 2025-02-28 SC419369 bus:FilletedAccounts 2024-03-01 2025-02-28 SC419369 bus:SmallEntities 2024-03-01 2025-02-28 SC419369 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC419369 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC419369 bus:Director1 2024-03-01 2025-02-28 SC419369 bus:Director2 2024-03-01 2025-02-28 SC419369 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 SC419369 2023-03-01 2024-02-29 SC419369 core:CurrentFinancialInstruments 2024-03-01 2025-02-28 SC419369 core:Non-currentFinancialInstruments 2024-03-01 2025-02-28 SC419369 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 SC419369 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC419369 (Scotland)

# ENZO'S (UDDINGSTON) LTD.

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

ENZO'S (UDDINGSTON) LTD.

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

Contents

ENZO'S (UDDINGSTON) LTD.

## BALANCE SHEET

AS AT 28 FEBRUARY 2025
ENZO'S (UDDINGSTON) LTD.

## BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 25,000 |  | 25,000
Tangible assets | 4 | 55,059 |  | 43,668
|  | 80,059 |  | 68,668
Current assets |  |  |  |
Stocks |  | 2,520 |  | 2,350
Debtors | 5 | 194,017 |  | 164,215
Cash at bank and in hand |  | 387 |  | 12,047
|  | 196,924 |  | 178,612
Creditors: amounts falling due within one year | 6 | ( 86,575) |  | ( 102,863)
Net current assets |  | 110,349 |  | 75,749
Total assets less current liabilities |  | 190,408 |  | 144,417
Creditors: amounts falling due after more than one year | 7 | ( 42,686) |  | ( 25,935)
Provision for liabilities |  | ( 6,016) |  | ( 7,167)
Net assets |  | 141,706 |  | 111,315
Capital and reserves |  |  |  |
Called-up share capital | 8 | 2 |  | 2
Profit and loss account |  | 141,704 |  | 111,313
Total shareholders' funds |  | 141,706 |  | 111,315

For the financial year ending 28 February 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Enzo's (Uddingston) Ltd. (registered number: SC419369) were approved and authorised for issue by the Board of Directors on 16 January 2026. They were signed on its behalf by:

P Di Ciacca Director |

ENZO'S (UDDINGSTON) LTD.

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
ENZO'S (UDDINGSTON) LTD.

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Enzo's (Uddingston) Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 195 Main Street, Uddingston, Glasgow, G71 7BP, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | not amortised

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 14 |  | 14

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2024 | 25,000 |  | 25,000
At 28 February 2025 | 25,000 |  | 25,000
Accumulated amortisation |  |  |
At 01 March 2024 | 0 |  | 0
At 28 February 2025 | 0 |  | 0
Net book value |  |  |
At 28 February 2025 | 25,000 |  | 25,000
At 29 February 2024 | 25,000 |  | 25,000

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2024 | 106,754 |  | 106,754
Additions | 46,090 |  | 46,090
Disposals | ( 41,890) |  | ( 41,890)
At 28 February 2025 | 110,954 |  | 110,954
Accumulated depreciation |  |  |
At 01 March 2024 | 63,086 |  | 63,086
Charge for the financial year | 13,169 |  | 13,169
Disposals | ( 20,360) |  | ( 20,360)
At 28 February 2025 | 55,895 |  | 55,895
Net book value |  |  |
At 28 February 2025 | 55,059 |  | 55,059
At 29 February 2024 | 43,668 |  | 43,668

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by Group undertakings | 126 |  | 0
Amounts owed by connected companies | 48,933 |  | 0
Amounts owed by related parties | 66,148 |  | 83,147
Other debtors | 78,810 |  | 81,068
| 194,017 |  | 164,215

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,648 |  | 10,648
Trade creditors | 10,353 |  | 8,659
Amounts owed to Group undertakings | 90 |  | 0
Amounts owed to related parties | 0 |  | 1,190
Taxation and social security | 53,160 |  | 68,370
Obligations under finance leases and hire purchase contracts | 5,037 |  | 6,000
Other creditors | 7,287 |  | 7,996
| 86,575 |  | 102,863

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 9,992 |  | 19,935
Obligations under finance leases and hire purchase contracts | 32,694 |  | 6,000
| 42,686 |  | 25,935

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts due from key management personnel | 52,702 |  | 79,079

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due to related parties | 90 |  | 1,190
Amounts due from related parties | 115,080 |  | 83,147