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REGISTERED NUMBER: 10622206 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

P & A Takeaways Ltd

P & A Takeaways Ltd (Registered number: 10622206)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & A Takeaways Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs J M Lambert





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 10622206 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

P & A Takeaways Ltd (Registered number: 10622206)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,500
Tangible assets 5 24,522 28,850
30,522 36,350

CURRENT ASSETS
Stocks 1,800 1,783
Debtors 6 2,639 2,639
Cash at bank and in hand 15,249 12,324
19,688 16,746
CREDITORS
Amounts falling due within one year 7 13,832 12,373
NET CURRENT ASSETS 5,856 4,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,378

40,723

CREDITORS
Amounts falling due after more than one
year

8

35,558

41,695
NET ASSETS/(LIABILITIES) 820 (972 )

CAPITAL AND RESERVES
Called up share capital 10 50 50
Retained earnings 770 (1,022 )
SHAREHOLDERS' FUNDS 820 (972 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

P & A Takeaways Ltd (Registered number: 10622206)

Balance Sheet - continued
31 March 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 14 August 2024 and were signed by:





Mrs J M Lambert - Director


P & A Takeaways Ltd (Registered number: 10622206)

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


1. STATUTORY INFORMATION

P & A Takeaways Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

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.

P & A Takeaways Ltd (Registered number: 10622206)

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


2. ACCOUNTING POLICIES - continued

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022 7,500
Charge for year 1,500
At 31 March 2023 9,000
NET BOOK VALUE
At 31 March 2023 6,000
At 31 March 2022 7,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 19,361 45,668 65,029
DEPRECIATION
At 1 April 2022 10,773 25,406 36,179
Charge for year 1,289 3,039 4,328
At 31 March 2023 12,062 28,445 40,507
NET BOOK VALUE
At 31 March 2023 7,299 17,223 24,522
At 31 March 2022 8,588 20,262 28,850

P & A Takeaways Ltd (Registered number: 10622206)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments 2,639 2,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,546 5,546
Trade creditors 2,138 2,632
VAT 4,744 2,837
Accrued expenses 1,404 1,358
13,832 12,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 23,358 23,358
Bank loans - more than 5 years 12,200 18,337
35,558 41,695

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 12,200 18,337

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 10,556 10,556
Between one and five years 29,029 39,585
39,585 50,141

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 Ordinary £1 50 50