Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 false 29 June 2026 1 January 2025 31 December 2025 31 December 2025 03840035 Mr Samuel Bradshaw Mr Guiseppe Martinon Marfin S.R.L true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03840035 2024-12-31 03840035 2025-12-31 03840035 2025-01-01 2025-12-31 03840035 frs-core:CurrentFinancialInstruments 2025-12-31 03840035 frs-core:Non-currentFinancialInstruments 2025-12-31 03840035 frs-core:BetweenOneFiveYears 2025-12-31 03840035 frs-core:FurnitureFittings 2025-12-31 03840035 frs-core:FurnitureFittings 2025-01-01 2025-12-31 03840035 frs-core:FurnitureFittings 2024-12-31 03840035 frs-core:NetGoodwill 2025-12-31 03840035 frs-core:NetGoodwill 2025-01-01 2025-12-31 03840035 frs-core:NetGoodwill 2024-12-31 03840035 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 03840035 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 03840035 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 03840035 frs-core:MotorVehicles 2025-12-31 03840035 frs-core:MotorVehicles 2025-01-01 2025-12-31 03840035 frs-core:MotorVehicles 2024-12-31 03840035 frs-core:PlantMachinery 2025-12-31 03840035 frs-core:PlantMachinery 2025-01-01 2025-12-31 03840035 frs-core:PlantMachinery 2024-12-31 03840035 frs-core:WithinOneYear 2025-12-31 03840035 frs-core:ShareCapital 2025-12-31 03840035 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 03840035 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03840035 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 03840035 frs-bus:SmallEntities 2025-01-01 2025-12-31 03840035 frs-bus:Audited 2025-01-01 2025-12-31 03840035 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03840035 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 03840035 frs-bus:OrdinaryShareClass1 2025-12-31 03840035 frs-bus:OrdinaryShareClass2 2025-01-01 2025-12-31 03840035 frs-bus:OrdinaryShareClass2 2025-12-31 03840035 1 2025-01-01 2025-12-31 03840035 frs-bus:Director1 2025-01-01 2025-12-31 03840035 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 03840035 frs-countries:EnglandWales 2025-01-01 2025-12-31 03840035 2023-12-31 03840035 2024-12-31 03840035 2024-01-01 2024-12-31 03840035 frs-core:CurrentFinancialInstruments 2024-12-31 03840035 frs-core:Non-currentFinancialInstruments 2024-12-31 03840035 frs-core:BetweenOneFiveYears 2024-12-31 03840035 frs-core:MotorVehicles 2024-01-01 2024-12-31 03840035 frs-core:WithinOneYear 2024-12-31 03840035 frs-core:ShareCapital 2024-12-31 03840035 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03840035 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 03840035 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31
Registered number: 03840035
Binotto (UK) Limited
Financial Statements
For The Year Ended 31 December 2025
AEH Accountancy Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03840035
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 30,000
Tangible Assets 5 160,773 133,772
160,773 163,772
CURRENT ASSETS
Stocks 6 1,799,254 1,762,539
Debtors 7 1,131,465 1,117,129
Cash at bank and in hand 412,866 308,547
3,343,585 3,188,215
Creditors: Amounts Falling Due Within One Year 8 (683,032 ) (775,100 )
NET CURRENT ASSETS (LIABILITIES) 2,660,553 2,413,115
TOTAL ASSETS LESS CURRENT LIABILITIES 2,821,326 2,576,887
Creditors: Amounts Falling Due After More Than One Year 9 (32,725 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,153 ) (30,598 )
NET ASSETS 2,755,448 2,546,289
CAPITAL AND RESERVES
Called up share capital 11 150,100 150,100
Profit and Loss Account 2,605,348 2,396,189
SHAREHOLDERS' FUNDS 2,755,448 2,546,289
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Samuel Bradshaw
Director
29th June 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Binotto (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03840035 . The registered office is 47 Ashby Road Central, Shepshed, Leicestershire, LE12 9BS.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.4. 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:
Leasehold 4% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.  Cost is determined using the first-in, first-out (FIFO) method.  
The cost of finished goods 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.  At each reporting date, stocks are assessed for impairment.  If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell;  the impairment loss is recognised immediately in the profit and loss account.  
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 11)
10 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 180,000
As at 31 December 2025 180,000
Amortisation
As at 1 January 2025 150,000
Provided during the period 30,000
As at 31 December 2025 180,000
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 30,000
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2025 13,222 69,498 139,108 67,838 289,666
Additions - 515 84,047 5,430 89,992
Disposals - - (59,369 ) (1,150 ) (60,519 )
As at 31 December 2025 13,222 70,013 163,786 72,118 319,139
Depreciation
As at 1 January 2025 7,920 60,758 43,053 44,163 155,894
Provided during the period 264 2,050 25,236 6,739 34,289
Disposals - - (31,351 ) (466 ) (31,817 )
As at 31 December 2025 8,184 62,808 36,938 50,436 158,366
Net Book Value
As at 31 December 2025 5,038 7,205 126,848 21,682 160,773
As at 1 January 2025 5,302 8,740 96,055 23,675 133,772
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 61,516 -
6. Stocks
2025 2024
£ £
Stock 1,799,254 1,762,539
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,103,677 1,082,716
Prepayments and accrued income 25,724 23,702
Other debtors 1,572 10,711
Amounts owed by associates 492 -
1,131,465 1,117,129
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,376 -
Trade creditors 317,223 389,589
Corporation tax 112,961 119,809
Other taxes and social security 8,804 5,828
VAT 179,418 152,856
Other creditors 1,958 2,441
Accruals and deferred income 56,828 12,999
Amounts owed to related parties 2,464 91,578
683,032 775,100
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,725 -
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,376 -
Later than one year and not later than five years 32,725 -
36,101 -
36,101 -
11. Share Capital
2025 2024
Allotted, called up and fully paid £ £
150,000 Ordinary Shares of £ 1.00 each 150,000 150,000
100 Ordinary A shares of £ 1.00 each 100 100
150,100 150,100
12. Related Party Transactions
During the year, L. Vann, the wife of P. Vann, received a salary of £Nil (2024: £7,000).  
At the balance sheet date, there were balances payable to Binotto SRL of £2,464 (2024: £90,576) and Binotto Iberica S.A. of £Nil (2024: £1,002).  There was a balance receivable from Mariz SRL of £492 (2024: £Nil).
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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14. Ultimate Controlling Party
The company's ultimate controlling party is Marfin S.R.L by virtue of his ownership of 100% of the issued share capital in the company.  The ultimate beneficial owner is Mr Guiseppe Martinon who owns 59% of Integra S.S, which owns 71.9% of Marfin S.R.L
15. Audit Information
The auditor's report on the accounts of Binotto (UK) Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Antony Humphreys (Senior Statutory Auditor) for and on behalf of AEH Accountancy Ltd , Statutory Auditor.
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