Registered number
SC732245
Pronto Deli (Scot) Ltd
11 Hawbank Road
East Kilbride, Glasgow
Filleted Accounts
for the period from 12 May 2022 to 31 May 2023
Prepared by :
Yousaf & Co Ltd
Chartered Certified Accountants
298-300 Maxwell Road
Glasgow
G41 1PJ
IA/P163 -23
Pronto Deli (Scot) Ltd
Registered number: SC732245
Balance Sheet
as at 31 May 2023
Notes £
Fixed assets
Tangible assets 3 212,747
Current assets
Stocks 25,653
Debtors 4 180,603
Cash at bank and in hand 471,526
677,782
Creditors: amounts falling due within one year 5 (160,802)
Net current assets 516,980
Total assets less current liabilities 729,727
Creditors: amounts falling due after more than one year 6 (230,643)
Net assets 499,084
Capital and reserves
Called up share capital 100
Profit and loss account 498,984
Shareholder's funds 499,084
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Jaspal Kaur Hara
Director
Approved by the board on 29 January 2024
Pronto Deli (Scot) Ltd
Notes to the Accounts
for the period from 12 May 2022 to 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 10% reducing balance
Fixtures, fittings, tools and equipment 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Current and deferred tax assets and liabilities are not discounted.
2 Employees
Number
Average number of persons employed by the company 26
3 Tangible fixed assets
Fixtures & fittings Motor vehicles Total
£ £ £
Cost
Additions 62,200 174,185 236,385
At 31 May 2023 62,200 174,185 236,385
Depreciation
Charge for the period 6,220 17,418 23,638
At 31 May 2023 6,220 17,418 23,638
Net book value
At 31 May 2023 55,980 156,767 212,747
4 Debtors
£
Trade debtors 158,486
Other debtors 22,117
180,603
5 Creditors: amounts falling due within one year
£
Trade creditors 6,419
Corporation tax 143,411
Other creditors 10,972
160,802
6 Creditors: amounts falling due after one year
£
Director's loan account 230,643
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