Italian Dining Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Italian Dining Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07661629 . The registered office is 11 Bridge Street, Bury, Lancashire, BL0 9AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Plant & Machinery	15% Reducing Balance
Motor Vehicles	Enter depreciation rate via StatDB - cd78
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when

there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

...CONTINUED

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Italian Dining Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.5. Financial Instruments - continued

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.

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.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 32 (2024: 30)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 July 2024	50,060	16,557	-	189,857
Additions	-	-	14,500	-

As at 30 June 2025	50,060	16,557	14,500	189,857

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Italian Dining Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Depreciation
As at 1 July 2024	-	6,878	-	119,162
Provided during the period	-	1,452	2,175	10,494

As at 30 June 2025	-	8,330	2,175	129,656

Net Book Value
As at 30 June 2025	50,060	8,227	12,325	60,201

As at 1 July 2024	50,060	9,679	-	70,695


	Computer Equipment	Total
	£	£
Cost
As at 1 July 2024	2,895	259,369
Additions	1,298	15,798

As at 30 June 2025	4,193	275,167

Depreciation
As at 1 July 2024	1,981	128,021
Provided during the period	730	14,851

As at 30 June 2025	2,711	142,872

Net Book Value
As at 30 June 2025	1,482	132,295

As at 1 July 2024	914	131,348

5. Stocks

	2025	2024
	£	£
Finished goods	20,000	17,200

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	81,996	81,796

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(613 )	(612 )
Bank loans and overdrafts	30,287	6,986
Other creditors	27,956	20,932
Taxation and social security	95,226	74,121

	152,856	101,427

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Italian Dining Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	126,126	28,008

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		132,295		131,348

			132,295		131,348
CURRENT ASSETS
Stocks	5	20,000		17,200
Debtors	6	81,996		81,796
Cash at bank and in hand		239,168		89,189

		341,164		188,185
Creditors: Amounts Falling Due Within One Year	7	(152,856 )		(101,427 )

NET CURRENT ASSETS (LIABILITIES)			188,308		86,758

TOTAL ASSETS LESS CURRENT LIABILITIES			320,603		218,106

Creditors: Amounts Falling Due After More Than One Year	8		(126,126 )		(28,008 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,376 )		(15,444 )

NET ASSETS			181,101		174,654

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			181,091		174,644

SHAREHOLDERS' FUNDS			181,101		174,654