1 March 2023 false No description of principal activity Taxfiler 2024.5 SC622743business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC6227432023-02-28 SC6227432023-03-012024-02-29 SC622743business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC622743business:FilletedAccounts2023-03-012024-02-29 SC6227432024-02-29 SC622743business:Director12023-03-012024-02-29 SC622743business:Director22023-03-012024-02-29 SC622743business:RegisteredOffice2023-03-012024-02-29 SC6227432023-02-28 SC622743core:WithinOneYear2024-02-29 SC622743core:WithinOneYear2023-02-28 SC622743core:AfterOneYear2024-02-29 SC622743core:AfterOneYear2023-02-28 SC622743core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC622743core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC622743core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC622743core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC622743core:PreviouslyStatedAmount2024-02-29 SC622743core:PreviouslyStatedAmount2023-02-28 SC622743business:SmallEntities2023-03-012024-02-29 SC622743countries:Scotland2023-03-012024-02-29 SC622743core:PlantMachinery2023-03-012024-02-29 SC622743core:PlantMachinery2023-02-28 SC622743core:ComputerEquipment2023-02-28 SC622743core:ComputerEquipment2023-03-012024-02-29 SC622743core:PlantMachinery2024-02-29 SC622743core:ComputerEquipment2024-02-29 SC6227432022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC622743 (Scotland)
PIZZA NAIRN LTD. Unaudited accounts for the year ended 29 February 2024
PIZZA NAIRN LTD. Unaudited accounts Contents
Page
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PIZZA NAIRN LTD. Company Information for the year ended 29 February 2024
Directors
Jacob Ewart Most Sheryl Herebese Most
Company Number
SC622743 (Scotland)
Registered Office
8 LEOPOLD STREET NAIRN NAIRNSHIRE IV12 4BE SCOTLAND
Accountants
A2Z Accounting Solutions Limited 26 Grandholm Grove Aberdeen AB22 8AX
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PIZZA NAIRN LTD. Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,803 
10,474 
Current assets
Debtors
8,865 
10,963 
Cash at bank and in hand
7,148 
18,023 
16,013 
28,986 
Creditors: amounts falling due within one year
(3,135)
(33,401)
Net current assets/(liabilities)
12,878 
(4,415)
Total assets less current liabilities
19,681 
6,059 
Creditors: amounts falling due after more than one year
(15,000)
- 
Provisions for liabilities
Deferred tax
(1,202)
(1,990)
Net assets
3,479 
4,069 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,477 
4,067 
Shareholders' funds
3,479 
4,069 
For the year ending 29 February 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Jacob Ewart Most Director Company Registration No. SC622743
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PIZZA NAIRN LTD. Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PIZZA NAIRN LTD. is a private company, limited by shares, registered in Scotland, registration number SC622743. The registered office is 8 LEOPOLD STREET, NAIRN, NAIRNSHIRE, IV12 4BE, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% SLM
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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PIZZA NAIRN LTD. Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
20,724 
- 
20,724 
Additions
- 
632 
632 
At 29 February 2024
20,724 
632 
21,356 
Depreciation
At 1 March 2023
10,250 
- 
10,250 
Charge for the year
4,145 
158 
4,303 
At 29 February 2024
14,395 
158 
14,553 
Net book value
At 29 February 2024
6,329 
474 
6,803 
At 28 February 2023
10,474 
- 
10,474 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,886 
8,984 
Other debtors
1,979 
1,979 
8,865 
10,963 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
15,000 
VAT
808 
3,531 
Trade creditors
712 
2,400 
Taxes and social security
1,509 
7,094 
Other creditors
74 
- 
Loans from directors
32 
3,516 
Accruals
- 
1,860 
3,135 
33,401 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
- 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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