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REGISTERED NUMBER: SC469424 (Scotland)












Financial Statements for the Year Ended 31 March 2023

for

PIZZA REVOLUTION LTD

PIZZA REVOLUTION LTD (REGISTERED NUMBER: SC469424)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIZZA REVOLUTION LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N Patterson
M T Patterson
L J Patterson





REGISTERED OFFICE: 46 Gray Street
Broughty Ferry
Dundee
Angus
DD5 2BJ





REGISTERED NUMBER: SC469424 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

PIZZA REVOLUTION LTD (REGISTERED NUMBER: SC469424)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,436 34,763

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 4,457 4,136
Cash at bank and in hand 18,703 15,935
25,160 22,071
CREDITORS
Amounts falling due within one year 6 319,539 315,278
NET CURRENT LIABILITIES (294,379 ) (293,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(271,943

)

(258,444

)

CREDITORS
Amounts falling due after more than one
year

7

6,000

10,000
NET LIABILITIES (277,943 ) (268,444 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (278,043 ) (268,544 )
SHAREHOLDERS' FUNDS (277,943 ) (268,444 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PIZZA REVOLUTION LTD (REGISTERED NUMBER: SC469424)

Balance Sheet - continued
31 March 2023


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2023 and were signed on its behalf by:





M T Patterson - Director


PIZZA REVOLUTION LTD (REGISTERED NUMBER: SC469424)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Pizza Revolution Ltd is a private company, limited by shares , registered in Scotland. 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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 Profit & Loss Account, 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 material 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.

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.

PIZZA REVOLUTION LTD (REGISTERED NUMBER: SC469424)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 21,098 49,064 9,092 605 79,859
DEPRECIATION
At 1 April 2022 - 35,548 9,092 456 45,096
Charge for year - 12,178 - 149 12,327
At 31 March 2023 - 47,726 9,092 605 57,423
NET BOOK VALUE
At 31 March 2023 21,098 1,338 - - 22,436
At 31 March 2022 21,098 13,516 - 149 34,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,457 4,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,000 -
Trade creditors 7,336 8,452
Taxation and social security 5,773 2,244
Other creditors 304,430 304,582
319,539 315,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,000 10,000

PIZZA REVOLUTION LTD (REGISTERED NUMBER: SC469424)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M T Patterson
Balance outstanding at start of year 120,762 120,025
Amounts advanced 312 737
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,074 120,762

N Patterson
Balance outstanding at start of year 60,013 60,013
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,013 60,013

L J Patterson
Balance outstanding at start of year 120,762 120,025
Amounts advanced 312 737
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,074 120,762

9. RELATED PARTY DISCLOSURES

The company was under control of L J Patterson, M T Patterson and N Patterson throughout the current and previous year.