Acorah Software Products - Accounts Production 16.0.110 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10572614 F Diliso true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10572614 2023-01-31 10572614 2024-01-31 10572614 2023-02-01 2024-01-31 10572614 frs-core:CurrentFinancialInstruments 2024-01-31 10572614 frs-core:Non-currentFinancialInstruments 2024-01-31 10572614 frs-core:BetweenOneFiveYears 2024-01-31 10572614 frs-core:FurnitureFittings 2024-01-31 10572614 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10572614 frs-core:FurnitureFittings 2023-01-31 10572614 frs-core:WithinOneYear 2024-01-31 10572614 frs-core:ShareCapital 2024-01-31 10572614 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10572614 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10572614 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10572614 frs-bus:SmallEntities 2023-02-01 2024-01-31 10572614 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10572614 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10572614 1 2023-02-01 2024-01-31 10572614 frs-bus:Director1 2023-02-01 2024-01-31 10572614 frs-countries:EnglandWales 2023-02-01 2024-01-31 10572614 2022-01-31 10572614 2023-01-31 10572614 2022-02-01 2023-01-31 10572614 frs-core:CurrentFinancialInstruments 2023-01-31 10572614 frs-core:Non-currentFinancialInstruments 2023-01-31 10572614 frs-core:BetweenOneFiveYears 2023-01-31 10572614 frs-core:WithinOneYear 2023-01-31 10572614 frs-core:ShareCapital 2023-01-31 10572614 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10572614
Pasta E Basta Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10572614
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,440 4,624
14,440 4,624
CURRENT ASSETS
Stocks 5 800 1,100
Debtors 6 7,433 9,198
Cash at bank and in hand 9,177 6,135
17,410 16,433
Creditors: Amounts Falling Due Within One Year 7 (26,700 ) (19,417 )
NET CURRENT ASSETS (LIABILITIES) (9,290 ) (2,984 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,150 1,640
Creditors: Amounts Falling Due After More Than One Year 8 (25,732 ) (19,235 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,610 ) (879 )
NET LIABILITIES (24,192 ) (18,474 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (24,292 ) (18,574 )
SHAREHOLDERS' FUNDS (24,192) (18,474)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
F Diliso
Director
22 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pasta E Basta Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10572614.
The registered office is Flat 3, 16 Chelmer Road, London, E9 6AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. In the opinion of the director, the company will continue to receive support from the director and shareholders.
2.3. 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & Fittings 25% on straight line
2.5. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.6. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.7. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 31,923
Additions 17,575
As at 31 January 2024 49,498
Depreciation
As at 1 February 2023 27,299
Provided during the period 7,759
As at 31 January 2024 35,058
Net Book Value
As at 31 January 2024 14,440
As at 1 February 2023 4,624
5. Stocks
2024 2023
£ £
Stock 800 1,100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,438 5,123
Other debtors 3,995 4,075
7,433 9,198
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,525 -
Bank loans and overdrafts 7,903 7,876
Other creditors 10,987 8,444
Taxation and social security 3,285 3,097
26,700 19,417
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,427 -
Bank loans 11,305 19,235
25,732 19,235
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,525 -
Later than one year and not later than five years 14,427 -
18,952 -
18,952 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 20,000 20,000
20,000 20,000
12. Related Party Transactions
F Diliso
The above is a related party by virtue of being a director.
During the year, the director incurred expenses on behalf of the company and drew monies against his loan account.
At the balance sheet date, the director was owed from the company £2,338 (2023: £2,073).
No interest has been charged on this loan during the period.
R Diliso
The above is a related party by virtue of being a shareholder.
At the balance sheet date the related party owed to the company £667 (2023: £1,084).
No interest has been charged on this loan during the period.
13. Ultimate Controlling Party
The ultimate controlling party is the director by virtue of his majority shareholding.
Page 5