REGISTERED NUMBER: 10863801 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

SCICCHITANO LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Property, plant and equipment

4

101,813

66,099

CURRENT ASSETS

Inventories

6,886

6,451

Debtors

5

60,689

26,957

Cash at bank and in hand

30,476

43,257

98,051

76,665

CREDITORS

Amounts falling due within one year

6

157,880

113,189

NET CURRENT LIABILITIES

(59,829

)

(36,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,984

29,575

CREDITORS

Amounts falling due after more than one year

7

-

(8,333

)

PROVISIONS FOR LIABILITIES

8

(25,452

)

(16,523

)

NET ASSETS

16,532

4,719

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,432

4,619

16,532

4,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2026 and were signed by:

Mr G Scicchitano - Director

1.	STATUTORY INFORMATION

Scicchitano Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10863801

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the fair value of consideration received or receivable for the sale of goods in the ordinary course of the Company's activities, excluding value added tax (VAT), rebates, and discounts.

Revenue is recognised when the performance obligation has been satisfied, which, for the sale of food, beverage, and merchandise goods, occurs at the point when control of the goods passes to the customer. This typically coincides with the point of sale.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant & Machinery - 15% on reducing balance

Fixtures & Fittings - 15% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Inventories

Inventories are stated at the lower of cost and net realisable value.

Cost is determined using the first-in, first-out (FIFO) method and includes raw materials, direct labour, other direct costs, and an appropriate proportion of production overheads based on normal operating capacity. Borrowing costs are excluded from inventory valuations.

Net realisable value represents the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale.

Provisions are made, where necessary, for obsolete, slow-moving, or defective inventories.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalent

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 17 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 August 2024

61,976

58,321

120,297

Additions

29,405

16,227

45,632

At 31 July 2025

91,381

74,548

165,929

DEPRECIATION

At 1 August 2024

25,668

28,530

54,198

Charge for year

5,448

4,470

9,918

At 31 July 2025

31,116

33,000

64,116

NET BOOK VALUE

At 31 July 2025

60,265

41,548

101,813

At 31 July 2024

36,308

29,791

66,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,567

7,771

Other debtors

55,122

19,186

60,689

26,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,334

10,000

Trade creditors

48,028

20,356

Taxation and social security

24,423

37,053

Other creditors

77,095

45,780

157,880

113,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,333

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

25,452

16,523

Deferred

tax

£

Balance at 1 August 2024

16,523

Provided during year

8,929

Balance at 31 July 2025

25,452

9.	RELATED PARTY DISCLOSURES

Included in the other debtors due within one year is an amount of £51,337 (2024: £16,170) due from a connected company under common directorships. The loans remain interest free and recoverable on demand.

Included in the other creditors due within one year is an amount of £21,720 (2024: £12,920) due to a connected company with common control. The loan remains interest free and repayable on demand.

Also, included in other creditors is an amount of £17,874 (2024: £Nil) due to the director of the company. Interest at the rate of 2.25% has been charged on the overdrawn balance.