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REGISTERED NUMBER: 03253562 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

OSCARS PIZZA COMPANY LIMITED

OSCARS PIZZA COMPANY LIMITED (REGISTERED NUMBER: 03253562)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSCARS PIZZA COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: O Russo





REGISTERED OFFICE: 23a High Street
Kings Langley
Hertfordshire
WD4 8AB





REGISTERED NUMBER: 03253562 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

OSCARS PIZZA COMPANY LIMITED (REGISTERED NUMBER: 03253562)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 83,688 41,946

CURRENT ASSETS
Stocks 5 9,000 9,000
Debtors 6 998,641 1,034,762
Cash at bank and in hand 75,680 40,005
1,083,321 1,083,767
CREDITORS
Amounts falling due within one year 7 (274,750 ) (188,011 )
NET CURRENT ASSETS 808,571 895,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,259

937,702

CREDITORS
Amounts falling due after more than one year 8 (31,657 ) (35,657 )

PROVISIONS FOR LIABILITIES (7,700 ) (7,700 )
NET ASSETS 852,902 894,345

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 19,998 19,998
Retained earnings 832,902 874,345
SHAREHOLDERS' FUNDS 852,902 894,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OSCARS PIZZA COMPANY LIMITED (REGISTERED NUMBER: 03253562)

BALANCE SHEET - continued
31ST MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st February 2024 and were signed by:





O Russo - Director


OSCARS PIZZA COMPANY LIMITED (REGISTERED NUMBER: 03253562)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Oscars Pizza Company Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of goods, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Refurb - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost comprises prime cost, the addition of overheads being inappropriate and not material to the financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation
Deferred tax is recognised in respect of all 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.

OSCARS PIZZA COMPANY LIMITED (REGISTERED NUMBER: 03253562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


2. ACCOUNTING POLICIES - continued

Leases
All other leases held by the company are regarded as operating leases and the total payment made under them are charged to the profit and loss account on a straight line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
Refurb fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2022 16,333 180,099 4,500 26,539 227,471
Additions - 56,659 - - 56,659
At 31st May 2023 16,333 236,758 4,500 26,539 284,130
DEPRECIATION
At 1st June 2022 11,760 143,066 4,239 26,460 185,525
Charge for year 686 14,054 98 79 14,917
At 31st May 2023 12,446 157,120 4,337 26,539 200,442
NET BOOK VALUE
At 31st May 2023 3,887 79,638 163 - 83,688
At 31st May 2022 4,573 37,033 261 79 41,946

5. STOCKS
2023 2022
£    £   
Stocks 9,000 9,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 998,641 1,034,762

OSCARS PIZZA COMPANY LIMITED (REGISTERED NUMBER: 03253562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,914 8,914
Trade creditors 38,878 65,347
Taxation and social security 32,726 37,826
Other creditors 195,232 75,924
274,750 188,011

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,657 35,657

9. ULTIMATE CONTROLLING PARTY

The company has been controlled throughout the year by O A Russo, a director.

10. OPERATING LEASE COMMITMENTS

Financial commitments under non-cancellable operating leases will result in the following payments falling due in the next financial year:

2020 2018
Property Property
£ £
Expiring:
After more than five years 65,000 65,000