REGISTERED NUMBER: SC493139 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Marcesco Limited

Trading as

Gizzi Espresso Bar

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms Leonora Gizzi

Mrs Marisa Wylie

REGISTERED OFFICE:

25 Sandyford Place

Sauchiehall Street

Glasgow

G3 7NG

REGISTERED NUMBER:

SC493139 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

-

2,000

Tangible assets

5

5,274

5,953

5,274

7,953

CURRENT ASSETS

Stock

2,050

1,650

Debtors

6

58,705

65,619

Cash at bank and in hand

45,117

28,373

105,872

95,642

CREDITORS

Amounts falling due within one year

7

61,039

37,306

NET CURRENT ASSETS

44,833

58,336

TOTAL ASSETS LESS CURRENT LIABILITIES

50,107

66,289

CREDITORS

Amounts falling due after more than one year

8

(16,719

)

(21,852

)

PROVISIONS FOR LIABILITIES

9

(721

)

(1,488

)

NET ASSETS

32,667

42,949

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

32,665

42,947

SHAREHOLDERS' FUNDS

32,667

42,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mrs Marisa Wylie - Director

1.	STATUTORY INFORMATION

Marcesco Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill represents the acquisition of the business in 2015. This is being written off on a straight line basis over 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

not provided

Fittings and equipment

-

20% on reducing balance

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

20,000

AMORTISATION

At 1 February 2025

18,000

Amortisation for year

2,000

At 31 January 2026

20,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

2,000

5.	TANGIBLE FIXED ASSETS

Fittings

Short

and

leasehold

equipment

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

2,555

19,590

22,145

DEPRECIATION

At 1 February 2025

-

16,192

16,192

Charge for year

-

679

679

At 31 January 2026

-

16,871

16,871

NET BOOK VALUE

At 31 January 2026

2,555

2,719

5,274

At 31 January 2025

2,555

3,398

5,953

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

58,705

65,619

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,133

5,133

Taxation and social security

27,652

25,999

Other creditors

28,254

6,174

61,039

37,306

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

16,719

21,852

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

721

1,488

Deferred

tax

£

Balance at 1 February 2025

1,488

Provided during year

(767

)

Balance at 31 January 2026

721

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2