HACKNEY GELATO LIMITED


Directors	BELL, David
	LISTER, Thomas Matthew
	NEWMAN, Sam
	PAVONCELLI, Enrico
	TAYLOR, Alicia


Registered Address	6a Uplands Business Park
	Blackhorse Lane
	London
	E17 5QJ


Registered Number	10940084 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		1,481
Tangible assets	4		1,014,259		864,881
			1,014,259		866,362
Current assets
Stocks	5	669,633		406,750
Debtors	6	1,796,987		1,186,432
Cash at bank and on hand		140,460		174,404
		2,607,080		1,767,586
Creditors amounts falling due within one year	7	(2,015,384)		(1,224,138)
Net current assets (liabilities)			591,696		543,448
Total assets less current liabilities			1,605,955		1,409,810
Creditors amounts falling due after one year	8		(1,984,766)		(1,393,238)
Net assets			(378,811)		16,572
Capital and reserves
Called up share capital			4		4
Share premium			4,060,027		4,060,027
Profit and loss account			(4,438,842)		(4,043,459)
Shareholders' funds			(378,811)		16,572

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 May 2026, and are signed on its behalf by:

LISTER, Thomas Matthew
Director
Registered Company No. 10940084

HACKNEY GELATO LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	30		25

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 September 24	22,250	22,250
Disposals	(22,250)	(22,250)
Amortisation and impairment
At 01 September 24	20,769	20,769
Charge for year	1,400	1,400
On disposals	(22,169)	(22,169)
Net book value
At 31 August 25	-	-
At 31 August 24	1,481	1,481

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 September 24	498	1,132,005	139,900	1,272,403
Additions	-	140,324	114,629	254,953
Disposals	(498)	-	-	(498)
At 31 August 25	-	1,272,329	254,529	1,526,858
Depreciation and impairment
At 01 September 24	299	364,638	42,585	407,522
Charge for year	75	126,707	24,109	150,891
On disposals	(374)	(38,992)	(6,448)	(45,814)
At 31 August 25	-	452,353	60,246	512,599
Net book value
At 31 August 25	-	819,976	194,283	1,014,259
At 31 August 24	199	767,367	97,315	864,881

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	669,633	406,750
Total	669,633	406,750

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,322,994	913,244
Other debtors	373,289	133,122
Prepayments and accrued income	100,704	136,569
Total	1,796,987	1,182,935

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	504,456	392,830
Bank borrowings and overdrafts	364,508	60,376
Taxation and social security	508,228	357,096
Other creditors	45,522	20,329
Accrued liabilities and deferred income	592,670	393,507
Total	2,015,384	1,224,138

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	33,229	63,677
Convertible loans	1,949,894	1,317,094
Other creditors	1,643	12,467
Total	1,984,766	1,393,238