Company Registration No. 08655108 (England and Wales)
R & D 2 Pizza Limited
Unaudited accounts
for the year ended 31 December 2023
R & D 2 Pizza Limited
Unaudited accounts
Contents
R & D 2 Pizza Limited
Company Information
for the year ended 31 December 2023
Directors
Mr Vipul Sharma
Mr Gurjeet Singh Dhillon
Company Number
08655108 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
England
R & D 2 Pizza Limited
Statement of financial position
as at 31 December 2023
Intangible assets
44,400
103,284
Tangible assets
601,003
642,413
Investments
650,300
650,300
Debtors
3,679,797
4,669,665
Cash at bank and in hand
224,608
87,173
Creditors: amounts falling due within one year
(3,612,623)
(3,299,317)
Net current assets
387,257
1,543,746
Total assets less current liabilities
1,682,960
2,939,743
Creditors: amounts falling due after more than one year
(1,159,500)
(1,262,500)
Net assets
523,460
1,677,243
Called up share capital
300
300
Profit and loss account
523,160
1,676,943
Shareholders' funds
523,460
1,677,243
For the year ending 31 December 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 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 12 April 2024 and were signed on its behalf by
Mr Gurjeet Singh Dhillon
Director
Company Registration No. 08655108
R & D 2 Pizza Limited
Notes to the Accounts
for the year ended 31 December 2023
R & D 2 Pizza Limited is a private company, limited by shares, registered in England and Wales, registration number 08655108. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, 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
15% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Over 10 Years Straight line
4
Intangible fixed assets
Other
At 31 December 2023
593,334
Charge for the year
58,884
At 31 December 2023
548,934
At 31 December 2023
44,400
At 31 December 2022
103,284
R & D 2 Pizza Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
-
2,050,781
2,050,781
At 31 December 2023
64,650
2,050,781
2,115,431
At 1 January 2023
-
1,408,368
1,408,368
Charge for the year
9,698
96,362
106,060
At 31 December 2023
9,698
1,504,730
1,514,428
At 31 December 2023
54,952
546,051
601,003
At 31 December 2022
-
642,413
642,413
Carrying values included above held under finance leases and hire purchase contracts:
£
£
6
Investments
Subsidiary undertakings
Valuation at 1 January 2023
650,300
Valuation at 31 December 2023
650,300
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following companies:
Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year:
Topbake Ltd/100%/£2,109,470/£175,505
Amounts falling due within one year
Trade debtors
106,102
117,372
Amounts due from group undertakings etc.
3,193,197
4,302,649
Accrued income and prepayments
93,069
-
Other debtors
287,429
249,644
R & D 2 Pizza Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
150,000
150,000
Obligations under finance leases and hire purchase contracts
12,612
-
Trade creditors
711,268
412,902
Amounts owed to group undertakings and other participating interests
2,105,932
1,451,512
Taxes and social security
138,684
134,220
Other creditors
95,841
853,397
Loans from directors
398,286
297,286
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,112,500
1,262,500
Obligations under finance leases and hire purchase contracts
47,000
-
The company has fixed and floating secured loan from Santander Bank UK Plc for £ 1,412,500. The loan is repayable over the five year period . The interest rate on the loan is at 3.80% above BOE base rate.
10
Average number of employees
During the year the average number of employees was 208 (2022: 169).