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Registration number: 12931323

Pizza Bianchi Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

Pages for filing with Registrar

 

Pizza Bianchi Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Pizza Bianchi Limited

Company Information

Directors

J H Harvey

B M Harvey

D C Borel

Registered office

Mill Cottage
Mina Road
Bristol
BS2 9YN

Registered number

12931323

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Pizza Bianchi Limited

(Registration number: 12931323)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,738

98,918

Current assets

 

Stocks

-

2,334

Debtors

5

116,154

16,129

Cash at bank and in hand

 

953

6,048

 

117,107

24,511

Creditors: Amounts falling due within one year

6

(130,091)

(74,287)

Net current liabilities

 

(12,984)

(49,776)

Net (liabilities)/assets

 

(11,246)

49,142

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(11,346)

49,042

Total equity

 

(11,246)

49,142

 

Pizza Bianchi Limited

(Registration number: 12931323)
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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 29 October 2024 and signed on its behalf by:
 

.........................................

D C Borel
Director

 

Pizza Bianchi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mill Cottage
Mina Road
Bristol
BS2 9YN

2

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 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 and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value 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.

 

Pizza Bianchi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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 statement of financial position 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:

Land and buildings

25% straight line

Kitchen equipment

25% straight line

On 12 January 2024 the company surrendered its lease and disposed of its fixed assets.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Pizza Bianchi 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 11).

 

Pizza Bianchi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible fixed assets

Improvements to property
£

Fixtures and fittings
£

Kitchen Equipment
£

Total
£

Cost or valuation

At 1 February 2023

117,591

1,200

25,568

144,359

Additions

-

-

1,920

1,920

Disposals

(117,591)

(1,200)

(25,045)

(143,836)

At 31 January 2024

-

-

2,443

2,443

Depreciation

At 1 February 2023

37,074

250

8,117

45,441

Charge for the year

-

-

531

531

Eliminated on disposal

(37,074)

(250)

(7,943)

(45,267)

At 31 January 2024

-

-

705

705

Carrying amount

At 31 January 2024

-

-

1,738

1,738

At 31 January 2023

80,517

950

17,451

98,918

 

Pizza Bianchi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

-

1,677

Other debtors

116,154

8,001

Prepayments

-

6,451

116,154

16,129

6

Creditors

2024
£

2023
£

Amounts falling due within one year

Trade creditors

3,412

12,104

Taxation and social security

15,370

12,516

Other creditors

85,579

45,219

Accruals

1,685

3,500

Corporation tax

633

-

Bank overdrafts

23,412

948

130,091

74,287

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Pizza Bianchi Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Related party transactions

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

45,219

45,219

Advanced

81,000

81,000

Repaid

(65,000)

(65,000)

At end of period

61,219

61,219

2023

Other related parties
£

Total
£

At start of period

175,629

175,629

Repaid

(130,410)

(130,410)

At end of period

45,219

45,219