Registered number
11857664
PIZZA TIME OUTWOOD LTD
Filleted Accounts
29 February 2024
PIZZA TIME OUTWOOD LTD
Registered number: 11857664
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,776 8,640
Tangible assets 4 6,192 7,222
13,968 15,862
Current assets
Stocks 250 275
Cash at bank and in hand 15,088 33,760
15,338 34,035
Creditors: amounts falling due within one year 5 (7,076) (9,490)
Net current assets 8,262 24,545
Total assets less current liabilities 22,230 40,407
Creditors: amounts falling due after more than one year 6 (16,399) (29,899)
Net assets 5,831 10,508
Capital and reserves
Share premium 100 100
Profit and loss account 5,731 10,408
Shareholders' funds 5,831 10,508
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
HAKIF AYDINOGLU
Director
Approved by the board on 6 March 2024
PIZZA TIME OUTWOOD LTD
Notes to the Accounts
for the year ended 29 February 2024
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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 12,000
At 29 February 2024 12,000
Amortisation
At 1 March 2023 3,360
Provided during the year 864
At 29 February 2024 4,224
Net book value
At 29 February 2024 7,776
At 28 February 2023 8,640
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2023 10,299
At 29 February 2024 10,299
Depreciation
At 1 March 2023 3,077
Charge for the year 1,030
At 29 February 2024 4,107
Net book value
At 29 February 2024 6,192
At 28 February 2023 7,222
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,103 2,903
Other creditors 4,973 6,587
7,076 9,490
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,500 15,000
Other creditors 14,899 14,899
16,399 29,899
7 Other information
PIZZA TIME OUTWOOD LTD is a private company limited by shares and incorporated in England. Its registered office is:
14 LANCEFIELD HOUSE
POTOVENS LANE
WAKEFIELD
WF1 2LE
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