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REGISTERED NUMBER: 08170712 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2023

for

Popolo Restaurants Limited

Popolo Restaurants Limited (Registered number: 08170712)

Contents of the Financial Statements
for the Year Ended 31st August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Popolo Restaurants Limited

Company Information
for the Year Ended 31st August 2023







DIRECTOR: J Lawson





REGISTERED OFFICE: 10 Quebec Wharf
315 Kingsland Road
London
E8 4DJ





REGISTERED NUMBER: 08170712 (England and Wales)





ACCOUNTANTS: Armstrong & Co
Chartered Accountants
4a Printing House Yard
Hackney Road
London
E2 7PR

Popolo Restaurants Limited (Registered number: 08170712)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,147 7,123

CURRENT ASSETS
Debtors 5 20,410 10,740
Cash at bank and in hand 526,882 437,565
547,292 448,305
CREDITORS
Amounts falling due within one year 6 128,765 115,319
NET CURRENT ASSETS 418,527 332,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,674

340,109

PROVISIONS FOR LIABILITIES 1,037 1,353
NET ASSETS 421,637 338,756

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 421,635 338,754
SHAREHOLDERS' FUNDS 421,637 338,756

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

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

Popolo Restaurants Limited (Registered number: 08170712)

Balance Sheet - continued
31st August 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 29th August 2024 and were signed by:





J Lawson - Director


Popolo Restaurants Limited (Registered number: 08170712)

Notes to the Financial Statements
for the Year Ended 31st August 2023


1. STATUTORY INFORMATION

Popolo Restaurants Limited 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.

The company is expected to continue to make profits. This, together with the continued support of the director, gives the director confidence that the accounts should be prepared on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

Popolo Restaurants Limited (Registered number: 08170712)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2022
and 31st August 2023 104,692
DEPRECIATION
At 1st September 2022 97,569
Charge for year 2,976
At 31st August 2023 100,545
NET BOOK VALUE
At 31st August 2023 4,147
At 31st August 2022 7,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,410 10,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,956 13,609
Taxation and social security 98,634 84,150
Other creditors 19,175 17,560
128,765 115,319