Registration number:
Pasta Ripiena Limited
for the Year Ended 31 January 2024
Pages for filing with Registrar
Pasta Ripiena Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Pasta Ripiena Limited
Company Information
Directors |
B M Harvey D C Borel Mrs J H Harvey |
Registered office |
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Registered number |
10936311 |
Accountant |
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Pasta Ripiena Limited
(Registration number: 10936311)
Balance Sheet as at 31 January 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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11,227 |
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Current assets |
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Stocks |
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4,654 |
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Debtors |
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87,137 |
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Cash at bank and in hand |
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5,712 |
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167,489 |
97,503 |
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Creditors: Amounts falling due within one year |
(101,645) |
(74,919) |
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Net current assets |
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22,584 |
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Total assets less current liabilities |
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33,811 |
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Creditors: Amounts falling due after more than one year |
(66,701) |
(25,845) |
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Net assets |
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7,966 |
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Capital and reserves |
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Called up share capital |
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100 |
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Profit and loss account |
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7,866 |
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Total equity |
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7,966 |
Pasta Ripiena Limited
(Registration number: 10936311)
Balance Sheet as at 31 January 2024
For the financial 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.
Directors' responsibilities:
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Pasta Ripiena Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the forecasted cashflows for the company for the twelve months from the date of approval of these financial statements and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The company's revenue is comprised of food and bevarage sales at a restaurant.
Pasta Ripiena Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Government grants
Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Short leasehold improvements |
25% Straight line |
Kitchen Equipment |
25% Straight line |
Office equipment |
25% Straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method, and where applicable includes those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are recognised at the transaction price.
Pasta Ripiena Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Pasta Ripiena Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Tangible fixed assets |
Short leasehold improvements |
Kitchen Equipment |
Office equipment |
Total |
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Cost |
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At 1 February 2023 |
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Additions |
- |
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- |
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At 31 January 2024 |
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Depreciation |
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At 1 February 2023 |
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Charge for the year |
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At 31 January 2024 |
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Carrying amount |
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At 31 January 2024 |
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At 31 January 2023 |
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Debtors: amounts falling due within one year |
2024 |
2023 |
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Trade debtors |
494 |
494 |
Other debtors |
126,529 |
- |
Other debtors |
17,779 |
77,597 |
Prepayments |
16,919 |
9,046 |
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87,137 |
Pasta Ripiena Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Creditors |
2024 |
2023 |
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Amounts falling due within one year |
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Bank loans and overdrafts |
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11,000 |
Trade creditors |
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20,067 |
Taxation and social security |
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18,292 |
Other creditors |
42,916 |
4,159 |
Accruals |
3,195 |
2,100 |
Directors' loan accounts |
7,344 |
19,301 |
Corporation tax |
160 |
- |
101,645 |
74,919 |
2024 |
2023 |
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Due after one year |
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Bank loans and overdrafts |
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25,845 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
100 |
100 |
100 |
100 |
Pasta Ripiena Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
2024 |
2023 |
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Not later than one year |
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Later than one year and not later than five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Related party transactions |
Advances to related parties
2024 |
Other related parties |
At start of period |
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Advanced |
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Repaid |
( |
At end of period |
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2023 |
Other related parties |
At start of period |
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Advanced |
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Repaid |
( |
At end of period |
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