Registered number
13275154
Papa Chicken and Pizza Ltd
Unaudited Filleted Accounts
31 March 2023
Templetons (UK) Limited
Chartered Accountants
309 Hoe Street
Walthamstow
London E17 9BG
Papa Chicken and Pizza Ltd
Registered number: 13275154
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,659 3,128
Current assets
Stocks 7,628 7,378
Debtors 4 1,011 891
Cash at bank and in hand 11,343 3,842
19,982 12,111
Creditors: amounts falling due within one year 5 (66,045) (16,373)
Net current liabilities (46,063) (4,262)
Net liabilities (43,404) (1,134)
Capital and reserves
Called up share capital 1 1
Profit and loss account (43,405) (1,135)
Shareholder's funds (43,404) (1,134)
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 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.
Morid K Oriakel
Director
Approved by the board on 20 March 2024
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,500
At 31 March 2023 3,500
Depreciation
At 1 April 2022 372
Charge for the year 469
At 31 March 2023 841
Net book value
At 31 March 2023 2,659
At 31 March 2022 3,128
4 Debtors 2023 2022
£ £
Trade debtors 1,011 891
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