Registered number
04419251
999 PIZZA TOPPINGS (UK) LIMITED
Accounts for the year ended
31 May 2023
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
999 PIZZA TOPPINGS (UK) LIMITED
Registered number: 04419251
Balance Sheet
as at 31 May 2023
2023 2022
£ £
Fixed assets
Tangible assets 163 217
Current assets
Debtors 260,136 268,662
Cash at bank and in hand 868,440 2,001,401
1,128,576 2,270,063
Creditors: amounts falling due within one year (680,245) (1,033,190)
Net current assets 448,331 1,236,873
Total assets less current liabilities 448,494 1,237,090
Creditors: amounts falling due after more than one year (23,141) (33,143)
Provisions for liabilities (55) (55)
Net assets 425,298 1,203,892
Capital and reserves
Called up share capital 800 800
Profit and loss account 424,498 1,203,092
Shareholders' funds 425,298 1,203,892
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Homayoun Aminnia
Director
Approved by the board on 31 October 2023
999 PIZZA TOPPINGS (UK) LIMITED
Notes to the Accounts
for the year ended 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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Going Concern
The company relies on Pizza GoGo Limited, an associate company, incorporated in UK, for all
its supplies,management services and other trading facilities.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 9,792
At 31 May 2023 9,792
Depreciation
At 1 June 2022 9,575
Charge for the year 54
At 31 May 2023 9,629
Net book value
At 31 May 2023 163
At 31 May 2022 217
5 Debtors 2023 2022
£ £
Trade debtors 224,171 227,127
Other debtors 35,965 41,535
260,136 268,662
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan ( see note 7 below) 10,000 10,000
Trade creditors 33,254 31,286
Corporation tax 105,731 56,795
Other creditors 531,260 935,109
680,245 1,033,190
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 23,141 33,143
The bank loan is unsecured and is repayable over a period of 60 months with an interest rate of 2.5% per annum .
8 Related party transactions
i) The company's main supplier is Pizza GoGo Limited, an associate company, and the net amount of purchases from Pizza GoGo Limited during the year amounted to £15,641,836 (2022: £14,798,785)
ii) The company relies on the office and warehouse facilities of Pizza GoGo Limited and the amount of management services charged by Pizza GoGo Limited during the year was £1,352,000 (2022:: £1,352,000)
iii) At the balance sheet date Pizza GoGo Limited was owed £31,200 (2022: £31,200) by 999 Pizza Toppings (UK) Ltd , and is discosed under creditors in note 6 above .
9 Controlling party
There is no ultimate controlling party.
10 Other information
999 PIZZA TOPPINGS (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe street
Walthamstow
London
E17 9BG
999 PIZZA TOPPINGS (UK) LIMITED 04419251 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Mr Homayoun Aminnia No description of principal activity 04419251 2021-06-01 2022-05-31 04419251 core:WithinOneYear 2022-05-31 04419251 core:AfterOneYear 2022-05-31 04419251 core:ShareCapital 2022-05-31 04419251 core:RetainedEarningsAccumulatedLosses 2022-05-31 04419251 2022-06-01 2023-05-31 04419251 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04419251 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04419251 bus:Director40 2022-06-01 2023-05-31 04419251 1 2022-06-01 2023-05-31 04419251 2 2022-06-01 2023-05-31 04419251 core:PlantMachinery 2022-06-01 2023-05-31 04419251 countries:England 2022-06-01 2023-05-31 04419251 bus:FRS102 2022-06-01 2023-05-31 04419251 bus:FullAccounts 2022-06-01 2023-05-31 04419251 2023-05-31 04419251 core:WithinOneYear 2023-05-31 04419251 core:AfterOneYear 2023-05-31 04419251 core:ShareCapital 2023-05-31 04419251 core:RetainedEarningsAccumulatedLosses 2023-05-31 04419251 core:PlantMachinery 2023-05-31 04419251 2022-05-31 04419251 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure