Company registration number 02845723 (England and Wales)
GIORGIO ONE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
GIORGIO ONE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GIORGIO ONE LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
8,514
8,909
Current assets
Stocks
16,491
12,250
Debtors
5
98,592
25,257
Cash at bank and in hand
23,860
36,936
138,943
74,443
Creditors: amounts falling due within one year
6
(299,520)
(107,155)
Net current liabilities
(160,577)
(32,712)
Total assets less current liabilities
(152,063)
(23,803)
Creditors: amounts falling due after more than one year
7
(5,407)
(14,795)
Provisions for liabilities
-
0
(1,525)
Net liabilities
(157,470)
(40,123)
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
(158,470)
(41,123)
Total equity
(157,470)
(40,123)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

GIORGIO ONE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 May 2026 and are signed on its behalf by:
J Michael
Director
Company Registration No. 02845723
GIORGIO ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Giorgio One Limited is a private company limited by shares incorporated in England and Wales. The registered office is 131 Portland Street, Manchester, M1 4PY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% Straight line
Plant and machinery
10% Straight line

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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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). 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.

Recoverable amount is the higher of fair value less costs to sell and 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.

GIORGIO ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

GIORGIO ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 considered to be 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
39
36
GIORGIO ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
172,152
382,262
554,414
Disposals
-
0
(165,142)
(165,142)
At 31 August 2025
172,152
217,120
389,272
Depreciation and impairment
At 1 September 2024
172,152
373,353
545,505
Depreciation charged in the year
-
0
395
395
Eliminated in respect of disposals
-
0
(165,142)
(165,142)
At 31 August 2025
172,152
208,606
380,758
Carrying amount
At 31 August 2025
-
0
8,514
8,514
At 31 August 2024
-
0
8,909
8,909
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
16,697
-
0
Other debtors
81,895
25,257
98,592
25,257
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9,388
9,388
Trade creditors
95,590
20,000
Corporation tax
16,852
6,100
Other taxation and social security
157,311
49,813
Other creditors
20,379
21,854
299,520
107,155
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,407
14,795
GIORGIO ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
9
Directors and participators transactions

Dividends totalling £0 (2024 - £65,240) were paid in the year in respect of shares held by the company's directors.

Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Shareholder's loan
-
8,000
-
8,000
Director's loan
-
1,880
14,664
16,544
Shareholder's loan
-
3,731
3,583
7,314
13,611
18,247
31,858
2025-08-31 2024-09-01 false false false 18 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity L Yacoumis N George J Michael T Yacoumis 02845723 2024-09-01 2025-08-31 02845723 2025-08-31 02845723 2024-08-31 02845723 core:LandBuildings 2025-08-31 02845723 core:OtherPropertyPlantEquipment 2025-08-31 02845723 core:LandBuildings 2024-08-31 02845723 core:OtherPropertyPlantEquipment 2024-08-31 02845723 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 02845723 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 02845723 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 02845723 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 02845723 core:CurrentFinancialInstruments 2025-08-31 02845723 core:CurrentFinancialInstruments 2024-08-31 02845723 core:ShareCapital 2025-08-31 02845723 core:ShareCapital 2024-08-31 02845723 core:RetainedEarningsAccumulatedLosses 2025-08-31 02845723 core:RetainedEarningsAccumulatedLosses 2024-08-31 02845723 core:ShareCapitalOrdinaryShareClass1 2025-08-31 02845723 core:ShareCapitalOrdinaryShareClass1 2024-08-31 02845723 bus:Director3 2024-09-01 2025-08-31 02845723 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 02845723 core:PlantMachinery 2024-09-01 2025-08-31 02845723 2023-09-01 2024-08-31 02845723 core:LandBuildings 2024-08-31 02845723 core:OtherPropertyPlantEquipment 2024-08-31 02845723 2024-08-31 02845723 core:LandBuildings 2024-09-01 2025-08-31 02845723 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 02845723 core:Non-currentFinancialInstruments 2025-08-31 02845723 core:Non-currentFinancialInstruments 2024-08-31 02845723 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 02845723 bus:OrdinaryShareClass1 2025-08-31 02845723 bus:OrdinaryShareClass1 2024-08-31 02845723 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02845723 bus:FRS102 2024-09-01 2025-08-31 02845723 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 02845723 bus:Director1 2024-09-01 2025-08-31 02845723 bus:Director2 2024-09-01 2025-08-31 02845723 bus:Director4 2024-09-01 2025-08-31 02845723 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 02845723 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP