REGISTERED NUMBER: 04614005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GIACOMINI U.K. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E A G Filiberti

Ms V Giacomini

C Doherty (deceased)

SECRETARY:

Miss J Lansdown

REGISTERED OFFICE:

Unit 2

Goodrich Close

Westerleigh Business Park, Yate

Bristol

BS37 5YT

REGISTERED NUMBER:

04614005 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

SOLICITORS:

Shakespeare Martineu

One Temple Quay

Temple Back East

Bristol

BS1 6DZ

FIXED ASSETS

Tangible assets

4

33,796

35,079

CURRENT ASSETS

Stocks

717,753

658,862

Debtors

5

418,664

714,790

Investments

6

7,315

7,315

Cash at bank and in hand

142,349

227,458

1,286,081

1,608,425

CREDITORS

Amounts falling due within one year

7

(1,137,635

)

(1,011,828

)

NET CURRENT ASSETS

148,446

596,597

TOTAL ASSETS LESS CURRENT LIABILITIES

182,242

631,676

CREDITORS

Amounts falling due after more than one year

8

-

(500,000

)

NET ASSETS

182,242

131,676

CAPITAL AND RESERVES

Called up share capital

9

4,590,000

4,590,000

Retained earnings

(4,407,758

)

(4,458,324

)

SHAREHOLDERS' FUNDS

182,242

131,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2026 and were signed on its behalf by:

E A G Filiberti - Director

1.	STATUTORY INFORMATION

Giacomini U.K. Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

Office

and

Computer

machinery

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

19,037

7,257

62,278

116,336

204,908

Additions

1,032

-

-

4,188

5,220

At 31 December 2025

20,069

7,257

62,278

120,524

210,128

DEPRECIATION

At 1 January 2025

15,235

4,790

41,545

108,259

169,829

Charge for year

1,525

617

314

4,047

6,503

At 31 December 2025

16,760

5,407

41,859

112,306

176,332

NET BOOK VALUE

At 31 December 2025

3,309

1,850

20,419

8,218

33,796

At 31 December 2024

3,802

2,467

20,733

8,077

35,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

364,121

670,706

Other debtors

54,543

44,084

418,664

714,790

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

7,315

7,315

Giacomini U.K. Ltd own 100% of the issued share capital in Giacomini Asia Pacific Ltd located in Hong Kong. The subsidiary was incorporated in 2015.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

815,097

790,862

Taxation and social security

64,952

128,623

Other creditors

257,586

92,343

1,137,635

1,011,828

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Trade creditors

-

500,000

Trade creditors include amounts payable to the parent company, Giacomini S.P.A. The parent company has been very supportive of the business, and repayment of this balance within the normal timescale is not expected to be enforced

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,590,000

Ordinary A

£1

4,590,000

4,590,000