Acorah Software Products - Accounts Production 14.6.300 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 13282574 Mr Jordan Mason Mr Francis Mason Mr Connor Mason iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13282574 2022-08-31 13282574 2023-08-31 13282574 2022-09-01 2023-08-31 13282574 frs-core:CurrentFinancialInstruments 2023-08-31 13282574 frs-core:Non-currentFinancialInstruments 2023-08-31 13282574 frs-core:PlantMachinery 2023-08-31 13282574 frs-core:PlantMachinery 2022-09-01 2023-08-31 13282574 frs-core:PlantMachinery 2022-08-31 13282574 frs-core:ShareCapital 2023-08-31 13282574 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13282574 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13282574 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 13282574 frs-bus:SmallEntities 2022-09-01 2023-08-31 13282574 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13282574 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13282574 frs-bus:Director1 2022-09-01 2023-08-31 13282574 frs-bus:Director2 2022-09-01 2023-08-31 13282574 frs-bus:Director3 2022-09-01 2023-08-31 13282574 frs-countries:EnglandWales 2022-09-01 2023-08-31 13282574 2021-08-31 13282574 2022-08-31 13282574 2021-09-01 2022-08-31 13282574 frs-core:CurrentFinancialInstruments 2022-08-31 13282574 frs-core:Non-currentFinancialInstruments 2022-08-31 13282574 frs-core:ShareCapital 2022-08-31 13282574 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 13282574
Dont Panic Pizzeria Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
AJS Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13282574
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,318 10,044
8,318 10,044
CURRENT ASSETS
Stocks 5 3,942 3,487
Debtors 6 21,132 9,447
Cash at bank and in hand 1,264 11,030
26,338 23,964
Creditors: Amounts Falling Due Within One Year 7 (9,430 ) (21,044 )
NET CURRENT ASSETS (LIABILITIES) 16,908 2,920
TOTAL ASSETS LESS CURRENT LIABILITIES 25,226 12,964
Creditors: Amounts Falling Due After More Than One Year 8 (23,762 ) (12,468 )
NET ASSETS 1,464 496
CAPITAL AND RESERVES
Called up share capital 9 103 103
Profit and Loss Account 1,361 393
SHAREHOLDERS' FUNDS 1,464 496
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Francis Mason
Director
28 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dont Panic Pizzeria Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13282574 . The registered office is 25 High Street, Huntingdon, PE29 3TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 13,392
Additions 1,047
As at 31 August 2023 14,439
Depreciation
As at 1 September 2022 3,348
Provided during the period 2,773
As at 31 August 2023 6,121
Net Book Value
As at 31 August 2023 8,318
As at 1 September 2022 10,044
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Page 4
5. Stocks
2023 2022
£ £
Stock 3,942 3,487
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 17,211 2,719
VAT 3,921 6,728
21,132 9,447
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (2 ) (1 )
Bank loans and overdrafts 5,814 5,814
Directors' loan accounts 3,618 15,231
9,430 21,044
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 23,762 12,468
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 103 103
Page 4