FAVOURITE PIZZA LITTLEHAMPTON LTD
Statement of financial position
as at 31 August 2024
Tangible assets
37,989
51,320
Cash at bank and in hand
90,677
7,360
Creditors: amounts falling due within one year
(21,585)
(25,442)
Net current assets/(liabilities)
93,035
(12,314)
Called up share capital
100
100
Profit and loss account
130,924
38,906
Shareholders' funds
131,024
39,006
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 3 September 2024 and were signed on its behalf by
Nizam Muhmand
Director
Company Registration No. 12134034
FAVOURITE PIZZA LITTLEHAMPTON LTD
Notes to the Accounts
for the year ended 31 August 2024
FAVOURITE PIZZA LITTLEHAMPTON LTD is a private company, limited by shares, registered in England and Wales, registration number 12134034. The registered office is 8A HIGH STREET, LITTLEHAMPTON, BN17 5EE, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Straight-Line
Motor vehicles
20% Straight-Line
Fixtures & fittings
20% Straight-Line
Computer equipment
20% Straight-Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
61,585
30,500
9,000
101,085
At 31 August 2024
61,585
30,500
9,000
101,085
At 1 September 2023
29,865
15,700
4,200
49,765
Charge for the year
8,431
3,700
1,200
13,331
At 31 August 2024
38,296
19,400
5,400
63,096
At 31 August 2024
23,289
11,100
3,600
37,989
At 31 August 2023
31,720
14,800
4,800
51,320
Amounts falling due within one year
FAVOURITE PIZZA LITTLEHAMPTON LTD
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
21,585
4,862
Loans from directors
-
20,000
7
Average number of employees
During the year the average number of employees was 8 (2023: 6).