Company Registration No. 08655108 (England and Wales)
R & D 2 Pizza Limited
Unaudited accounts
for the year ended 31 December 2022
R & D 2 Pizza Limited
Unaudited accounts
Contents
R & D 2 Pizza Limited
Company Information
for the year ended 31 December 2022
Directors
Mr Vipul Sharma
Mr Gurjeet Singh Dhillon
Company Number
08655108 (England and Wales)
Registered Office
Eagle House Stonebridge Road
Eagle Way
Northfleet
Gravesend
DA11 9BJ
R & D 2 Pizza Limited
Statement of financial position
as at 31 December 2022
Intangible assets
103,284
162,168
Tangible assets
642,413
746,655
Investments
650,300
650,300
Inventories
86,225
125,567
Debtors
4,669,665
4,328,163
Cash at bank and in hand
87,173
647,955
Creditors: amounts falling due within one year
(3,299,317)
(3,440,216)
Net current assets
1,543,746
1,661,469
Total assets less current liabilities
2,939,743
3,220,592
Creditors: amounts falling due after more than one year
(1,262,500)
(1,641,339)
Net assets
1,677,243
1,579,253
Called up share capital
300
300
Profit and loss account
1,676,943
1,578,953
Shareholders' funds
1,677,243
1,579,253
For the year ending 31 December 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2023 and were signed on its behalf by
Mr Gurjeet Singh Dhillon
Director
Company Registration No. 08655108
R & D 2 Pizza Limited
Notes to the Accounts
for the year ended 31 December 2022
R & D 2 Pizza Limited is a private company, limited by shares, registered in England and Wales, registration number 08655108. The registered office is Eagle House Stonebridge Road, Eagle Way, Northfleet, Gravesend, DA11 9BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Over 10 Years Straight line
4
Intangible fixed assets
Other
At 31 December 2022
593,334
Charge for the year
58,884
At 31 December 2022
490,050
At 31 December 2022
103,284
At 31 December 2021
162,168
R & D 2 Pizza Limited
Notes to the Accounts
for the year ended 31 December 2022
5
Tangible fixed assets
Fixtures & fittings
At 1 January 2022
2,042,281
At 31 December 2022
2,050,781
At 1 January 2022
1,295,626
Charge for the year
112,742
At 31 December 2022
1,408,368
At 31 December 2022
642,413
At 31 December 2021
746,655
6
Investments
Subsidiary undertakings
Valuation at 1 January 2022
650,300
Valuation at 31 December 2022
650,300
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following companies:
Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year:
Topbake Ltd/100%/£1,948,745/£307,168
DS Coffee (Oakham) Ltd/100%/??/??????
Amounts falling due within one year
Trade debtors
117,372
18,885
Amounts due from group undertakings etc.
4,302,649
3,893,141
Other debtors
249,644
416,137
R & D 2 Pizza Limited
Notes to the Accounts
for the year ended 31 December 2022
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
150,000
-
Trade creditors
412,902
211,534
Amounts owed to group undertakings and other participating interests
1,451,512
1,531,512
Taxes and social security
134,220
140,497
Other creditors
853,397
1,259,687
Loans from directors
297,286
296,986
9
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,262,500
1,641,339
The company has fixed and floating secured loan from Santander Bank UK Plc for £ 1,412,500. The loan is repayable over the five year period . The interest rate on the loan is at 4.80%.
10
Average number of employees
During the year the average number of employees was 169 (2021: 300).