1 March 2022 false No description of principal activity Taxfiler 2023.10.1 SC622743business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC6227432022-02-28 SC6227432022-03-012023-02-28 SC622743business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC622743business:FilletedAccounts2022-03-012023-02-28 SC6227432023-02-28 SC622743business:Director12022-03-012023-02-28 SC622743business:Director22022-03-012023-02-28 SC622743business:RegisteredOffice2022-03-012023-02-28 SC6227432022-02-28 SC622743core:WithinOneYear2023-02-28 SC622743core:WithinOneYear2022-02-28 SC622743core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC622743core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC622743core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC622743core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC622743core:PreviouslyStatedAmount2023-02-28 SC622743core:PreviouslyStatedAmount2022-02-28 SC622743business:SmallEntities2022-03-012023-02-28 SC622743countries:Scotland2022-03-012023-02-28 SC622743core:PlantMachinery2022-03-012023-02-28 SC622743core:PlantMachinery2022-02-28 SC622743core:PlantMachinery2023-02-28 SC6227432021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC622743 (Scotland)
PIZZA NAIRN LTD. Unaudited accounts for the year ended 28 February 2023
PIZZA NAIRN LTD. Unaudited accounts Contents
Page
- 2 -
PIZZA NAIRN LTD. Company Information for the year ended 28 February 2023
Directors
Jacob Ewart Most Sheryl Herebese Most
Company Number
SC622743 (Scotland)
Registered Office
8 LEOPOLD STREET NAIRN NAIRNSHIRE IV12 4BE SCOTLAND
Accountants
A2Z Accounting Solutions Limited 26 Grandholm Grove Aberdeen AB22 8AX
- 3 -
PIZZA NAIRN LTD. Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,474 
13,051 
Current assets
Debtors
10,963 
2,335 
Cash at bank and in hand
18,023 
27,529 
28,986 
29,864 
Creditors: amounts falling due within one year
(33,401)
(29,196)
Net current (liabilities)/assets
(4,415)
668 
Total assets less current liabilities
6,059 
13,719 
Provisions for liabilities
Deferred tax
(1,990)
(2,479)
Net assets
4,069 
11,240 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
4,067 
11,238 
Shareholders' funds
4,069 
11,240 
For the year ending 28 February 2023 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 23 November 2023 and were signed on its behalf by
Jacob Ewart Most Director Company Registration No. SC622743
- 4 -
PIZZA NAIRN LTD. Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
PIZZA NAIRN LTD. is a private company, limited by shares, registered in Scotland, registration number SC622743. The registered office is 8 LEOPOLD STREET, NAIRN, NAIRNSHIRE, IV12 4BE, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20% SLM
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
PIZZA NAIRN LTD. Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
19,156 
Additions
1,568 
At 28 February 2023
20,724 
Depreciation
At 1 March 2022
6,105 
Charge for the year
4,145 
At 28 February 2023
10,250 
Net book value
At 28 February 2023
10,474 
At 28 February 2022
13,051 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,984 
356 
Other debtors
1,979 
1,979 
10,963 
2,335 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15,000 
15,000 
VAT
3,531 
(2,296)
Trade creditors
2,400 
584 
Taxes and social security
7,094 
6,614 
Loans from directors
3,516 
6,294 
Accruals
1,860 
3,000 
33,401 
29,196 
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).
- 6 -