Company Registration No. 08134592 (England and Wales)
South Yorkshire Pizza Ltd
Unaudited accounts
for the year ended 31 March 2023
South Yorkshire Pizza Ltd
Unaudited accounts
Contents
South Yorkshire Pizza Ltd
Company Information
for the year ended 31 March 2023
Directors
Mr Vipul Sharma
Mrs Rajbinder Sandhu
Company Number
08134592 (England and Wales)
South Yorkshire Pizza Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
445,369
473,205
Tangible assets
1,285,718
1,368,695
Debtors
2,482,592
2,855,279
Cash at bank and in hand
278,090
279,245
Creditors: amounts falling due within one year
(1,536,029)
(1,887,258)
Net current assets
1,281,830
1,302,503
Total assets less current liabilities
3,012,917
3,144,403
Creditors: amounts falling due after more than one year
(2,228,125)
(2,604,310)
Net assets
784,792
540,093
Called up share capital
100
100
Profit and loss account
784,692
539,993
Shareholders' funds
784,792
540,093
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by
Mr Vipul Sharma
Director
Company Registration No. 08134592
South Yorkshire Pizza Ltd
Notes to the Accounts
for the year ended 31 March 2023
South Yorkshire Pizza Ltd is a private company, limited by shares, registered in England and Wales, registration number 08134592.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25 years straight line
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Intangible fixed assets
Other
Charge for the year
27,836
South Yorkshire Pizza Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
30,000
-
2,477,511
2,507,511
Additions
-
122,692
-
122,692
At 31 March 2023
30,000
122,692
2,477,511
2,630,203
At 1 April 2022
10,800
-
1,128,016
1,138,816
Charge for the year
1,200
2,045
202,424
205,669
At 31 March 2023
12,000
2,045
1,330,440
1,344,485
At 31 March 2023
18,000
120,647
1,147,071
1,285,718
At 31 March 2022
19,200
-
1,349,495
1,368,695
Amounts falling due within one year
Trade debtors
63,760
57,468
Amounts due from group undertakings etc.
2,393,973
2,709,617
Accrued income and prepayments
7,875
7,875
Other debtors
16,984
80,319
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
287,500
287,500
Trade creditors
613,775
912,950
Taxes and social security
436,467
495,805
Other creditors
198,287
191,003
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,228,125
2,604,310
The company has a loan with Santander Bank Plc of £ 2,515,625. The loan is repayable over the seven year period . The interest rate on the loan is at 3.8%.
9
Average number of employees
During the year the average number of employees was 270 (2022: 291).