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REGISTERED NUMBER: 06786428 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

THE PASTA SHOP LIMITED

THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

STATEMENT OF FINANCIAL POSITION
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 11,189 8,119
11,189 8,119

CURRENT ASSETS
Stocks 16,070 14,610
Debtors 7 1,941 3,349
Cash at bank and in hand 99,087 104,563
117,098 122,522
CREDITORS
Amounts falling due within one year 8 61,649 48,590
NET CURRENT ASSETS 55,449 73,932
TOTAL ASSETS LESS CURRENT LIABILITIES 66,638 82,051

PROVISIONS FOR LIABILITIES 2,126 1,543
NET ASSETS 64,512 80,508

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,412 80,408
SHAREHOLDERS' FUNDS 64,512 80,508

THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 24 July 2023 and were signed on its behalf by:





G Borrillo - Director


THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

The Pasta Shop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06786428

Registered office: 4 Office Village
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


3. ACCOUNTING POLICIES - continued

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

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,322 (2022 - £1,938). Contributions totalling £199 (2022 - £198) were payable to the fund at the balance sheet date and are included in creditors.

Government grants
Grant income is recognised as other income during the period in which it became receivable under the performance model.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 20,000
AMORTISATION
At 1 May 2022
and 30 April 2023 20,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 21,891 11,640 33,531
Additions 6,800 - 6,800
At 30 April 2023 28,691 11,640 40,331
DEPRECIATION
At 1 May 2022 14,045 11,367 25,412
Charge for year 3,662 68 3,730
At 30 April 2023 17,707 11,435 29,142
NET BOOK VALUE
At 30 April 2023 10,984 205 11,189
At 30 April 2022 7,846 273 8,119

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,941 3,349

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,699 13,975
Taxation and social security 5,697 16,965
Other creditors 46,253 17,650
61,649 48,590

THE PASTA SHOP LIMITED (REGISTERED NUMBER: 06786428)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a director was owed £10,823 (2022 - £376 owed to the company). This loan is unsecured, interest free and repayable on demand.