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Registration number: 08793958

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2022

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Company Information

Directors

Mrs J Hatfield

Mr M J Hatfield

Registered office

1st Floor
143 Connaught Avenue
Frinton On Sea
Essex
CO13 9AB

Accountants

The Pub Experts Ltd
1st Floor
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

(Registration number: 08793958)
Balance Sheet as at 30 November 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

2,000

4,000

Current assets

 

Debtors

7

8,448

-

Cash at bank and in hand

 

70,751

173,458

 

79,199

173,458

Creditors: Amounts falling due within one year

8

(4,314)

(90,774)

Net current assets

 

74,885

82,684

Total assets less current liabilities

 

76,885

86,684

Provisions for liabilities

-

(657)

Net assets

 

76,885

86,027

Capital and reserves

 

Called up share capital

2

2

Retained earnings

76,883

86,025

Shareholders' funds

 

76,885

86,027

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

(Registration number: 08793958)
Balance Sheet as at 30 November 2022

For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
Mrs J Hatfield
Director

.........................................
Mr M J Hatfield
Director

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
143 Connaught Avenue
Frinton On Sea
Essex
CO13 9AB
United Kingdom

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% Reducing balance

Fixtures and fittings

25% Reducing balance

Equipment

20% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

Asset class

Amortisation method and rate

Goodwill

10% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 8).

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2021

20,000

20,000

At 30 November 2022

20,000

20,000

Amortisation

At 1 December 2021

16,000

16,000

Amortisation charge

2,000

2,000

At 30 November 2022

18,000

18,000

Carrying amount

At 30 November 2022

2,000

2,000

At 30 November 2021

4,000

4,000

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2021

1,671

7,840

9,511

Disposals

(1,671)

(7,840)

(9,511)

At 30 November 2022

-

-

-

Depreciation

At 1 December 2021

334

2,528

2,862

Eliminated on disposal

(334)

(2,528)

(2,862)

At 30 November 2022

-

-

-

Carrying amount

At 30 November 2022

-

-

-

 

The Flying Pig Cambridge Limited

trading as The Flying Pig P.H.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

6

Stocks

2022
£

2021
£

7

Debtors

Current

2022
£

2021
£

Other debtors

8,448

-

8

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

4,100

17,459

Other creditors

214

73,315

4,314

90,774