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Registered number: 14867447
Italian Cookshop Ltd
Financial Statements
For The Year Ended 30 June 2026
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14867447
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 245 280
Tangible Assets 5 1,315 1,407
1,560 1,687
CURRENT ASSETS
Stocks 6 38,201 37,163
Debtors 7 1,979 1,982
Cash at bank and in hand 6,137 4,394
46,317 43,539
Creditors: Amounts Falling Due Within One Year 8 (21,167 ) (18,193 )
NET CURRENT ASSETS (LIABILITIES) 25,150 25,346
TOTAL ASSETS LESS CURRENT LIABILITIES 26,710 27,033
PROVISIONS FOR LIABILITIES
Deferred Taxation (288 ) (320 )
NET ASSETS 26,422 26,713
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 26,322 26,613
SHAREHOLDERS' FUNDS 26,422 26,713
Page 1
Page 2
For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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
Dr K McGovern
Director
7 October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Italian Cookshop Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14867447 . The registered office is 45 Birch Crescent, South Ockendon, RM15 6TZ.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks. They are amortised to the profit and loss account over its estimated economic life of 5 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:
Plant & Machinery over 5 years
2.5. 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.
2.6. 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: 2 (2025: 2)
2 2
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4. Intangible Assets
Other
£
Cost
As at 1 July 2025 350
As at 30 June 2026 350
Amortisation
As at 1 July 2025 70
Provided during the period 35
As at 30 June 2026 105
Net Book Value
As at 30 June 2026 245
As at 1 July 2025 280
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2025 2,356
Additions 412
Disposals (240 )
As at 30 June 2026 2,528
Depreciation
As at 1 July 2025 949
Provided during the period 504
Disposals (240 )
As at 30 June 2026 1,213
Net Book Value
As at 30 June 2026 1,315
As at 1 July 2025 1,407
6. Stocks
2026 2025
£ £
Stock 38,201 37,163
7. Debtors
2026 2025
£ £
Due within one year
Other debtors 1,979 1,982
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1,222 822
Other creditors 17,442 15,549
Taxation and social security 2,503 1,822
21,167 18,193
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within other creditors is the amount of £17,237 owed to the Directors (2025 - £15,534) This amount is undated, unsecured, interest free and repayable upon demand.
11. Controlling Party
The company's controlling party are the directors by virtue of their ownership of 50% each of the issued share capital in the company.
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