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REGISTERED NUMBER: SC586962 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Pizza Cake (Scotstounhill) Ltd

Pizza Cake (Scotstounhill) Ltd (Registered number: SC586962)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pizza Cake (Scotstounhill) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J H Fisher
Mrs L W Tobias





REGISTERED OFFICE: 110 Titchfield Street
Kilmarnock
KA1 1PH





REGISTERED NUMBER: SC586962 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Pizza Cake (Scotstounhill) Ltd (Registered number: SC586962)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 15,681 18,157
Tangible assets 5 131,999 152,841
147,680 170,998

CURRENT ASSETS
Stocks 4,504 3,061
Debtors 6 12,169 28,529
Cash at bank and in hand 56,069 102,848
72,742 134,438
CREDITORS
Amounts falling due within one year 7 (286,528 ) (272,564 )
NET CURRENT LIABILITIES (213,786 ) (138,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,106

)

32,872

PROVISIONS FOR LIABILITIES - (7,482 )
NET (LIABILITIES)/ASSETS (66,106 ) 25,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (66,206 ) 25,290
SHAREHOLDERS' FUNDS (66,106 ) 25,390

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

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

The directors acknowledge their 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.

Pizza Cake (Scotstounhill) Ltd (Registered number: SC586962)

Balance Sheet - continued
31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mrs L W Tobias - Director


Pizza Cake (Scotstounhill) Ltd (Registered number: SC586962)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pizza Cake (Scotstounhill) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis as the directors have agreed to continue to provide financial support for the foreseeable future to enable the company to meet its liabilities as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors
Trade and other debtors are recognised at the settlement amount due with appropriate allowances for irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash in hand and bank overdrafts.

Creditors
Trade and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.


Pizza Cake (Scotstounhill) Ltd (Registered number: SC586962)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 24,759
AMORTISATION
At 1 November 2022 6,602
Charge for year 2,476
At 31 October 2023 9,078
NET BOOK VALUE
At 31 October 2023 15,681
At 31 October 2022 18,157

Pizza Cake (Scotstounhill) Ltd (Registered number: SC586962)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 208,420
DEPRECIATION
At 1 November 2022 55,579
Charge for year 20,842
At 31 October 2023 76,421
NET BOOK VALUE
At 31 October 2023 131,999
At 31 October 2022 152,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 12,169 28,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 14,953 29,224
Taxation and social security 23,821 22,613
Other creditors 247,754 220,727
286,528 272,564

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
In more than five years 150,000 175,000