Registered number
11878230
The Rolling Stone Pizzeria Ltd
Filleted Accounts
31 March 2024
The Rolling Stone Pizzeria Ltd
Registered number: 11878230
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,704 6,252
Current assets
Debtors 4 193 193
Cash at bank and in hand 702 1,383
895 1,576
Creditors: amounts falling due within one year 5 (9,006) (6,352)
Net current liabilities (8,111) (4,776)
Total assets less current liabilities (3,407) 1,476
Creditors: amounts falling due after more than one year 6 (5,200) (7,600)
Net liabilities (8,607) (6,124)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,707) (6,224)
Shareholder's funds (8,607) (6,124)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B A Pond
Director
Approved by the board on 25 November 2024
The Rolling Stone Pizzeria Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Going Concern
The financial statements have been prepared on the going concern basis. The director has a reasonable expectation the company has adequate resources to continue in operational existence for the forseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in prerparing these financial statements.
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 700 10,605 11,305
At 31 March 2024 700 10,605 11,305
Depreciation
At 1 April 2023 413 4,640 5,053
Charge for the year 57 1,491 1,548
At 31 March 2024 470 6,131 6,601
Net book value
At 31 March 2024 230 4,474 4,704
At 31 March 2023 287 5,965 6,252
4 Debtors 2024 2023
£ £
Other debtors 193 193
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,400 2,400
Trade creditors 193 553
Other creditors 6,413 3,399
9,006 6,352
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,200 7,600
7 Other information
The Rolling Stone Pizzeria Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
The Rolling Stone Pizzeria Ltd 11878230 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts October 2023 release 2 Mr B A Pond No description of principal activity 11878230 2022-04-01 2023-03-31 11878230 core:WithinOneYear 2023-03-31 11878230 core:AfterOneYear 2023-03-31 11878230 core:ShareCapital 2023-03-31 11878230 core:RetainedEarningsAccumulatedLosses 2023-03-31 11878230 2023-04-01 2024-03-31 11878230 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11878230 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11878230 bus:Director40 2023-04-01 2024-03-31 11878230 1 2023-04-01 2024-03-31 11878230 2 2023-04-01 2024-03-31 11878230 core:PlantMachinery 2023-04-01 2024-03-31 11878230 core:Vehicles 2023-04-01 2024-03-31 11878230 countries:England 2023-04-01 2024-03-31 11878230 bus:FRS102 2023-04-01 2024-03-31 11878230 bus:FullAccounts 2023-04-01 2024-03-31 11878230 2024-03-31 11878230 core:WithinOneYear 2024-03-31 11878230 core:AfterOneYear 2024-03-31 11878230 core:ShareCapital 2024-03-31 11878230 core:RetainedEarningsAccumulatedLosses 2024-03-31 11878230 core:PlantMachinery 2024-03-31 11878230 core:Vehicles 2024-03-31 11878230 2023-03-31 11878230 core:PlantMachinery 2023-03-31 11878230 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure