6 5 Pig and Pepper Ltd 10704036 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the operation of a retail bakery Digita Accounts Production Advanced 6.30.9574.0 true 10704036 2023-05-01 2024-04-30 10704036 2024-04-30 10704036 bus:OrdinaryShareClass1 2024-04-30 10704036 core:RetainedEarningsAccumulatedLosses 2024-04-30 10704036 core:ShareCapital 2024-04-30 10704036 core:CurrentFinancialInstruments 2024-04-30 10704036 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10704036 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 10704036 core:FurnitureFittingsToolsEquipment 2024-04-30 10704036 bus:SmallEntities 2023-05-01 2024-04-30 10704036 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10704036 bus:FilletedAccounts 2023-05-01 2024-04-30 10704036 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10704036 bus:RegisteredOffice 2023-05-01 2024-04-30 10704036 bus:Director2 2023-05-01 2024-04-30 10704036 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10704036 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10704036 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 10704036 countries:EnglandWales 2023-05-01 2024-04-30 10704036 2023-04-30 10704036 core:FurnitureFittingsToolsEquipment 2023-04-30 10704036 2022-05-01 2023-04-30 10704036 2023-04-30 10704036 bus:OrdinaryShareClass1 2023-04-30 10704036 core:RetainedEarningsAccumulatedLosses 2023-04-30 10704036 core:ShareCapital 2023-04-30 10704036 core:CurrentFinancialInstruments 2023-04-30 10704036 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 10704036 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 10704036 core:FurnitureFittingsToolsEquipment 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 10704036

Pig and Pepper Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Pig and Pepper Ltd

(Registration number: 10704036)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,361

2,870

Current assets

 

Stocks

5

884

-

Debtors

6

2,341

2,286

Cash at bank and in hand

 

2,425

1,625

 

5,650

3,911

Creditors: Amounts falling due within one year

7

(6,524)

(4,985)

Net current liabilities

 

(874)

(1,074)

Total assets less current liabilities

 

487

1,796

Creditors: Amounts falling due after more than one year

7

-

(118)

Provisions for liabilities

(258)

(545)

Net assets

 

229

1,133

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

227

1,131

Shareholders' funds

 

229

1,133

For the financial year ending 30 April 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
L A Cheatle
Director

 

Pig and Pepper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
18 High Street
Buxton
SK17 6EU

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture, fittings and equipment

25% straight line

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.

 

Pig and Pepper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2023 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

18,577

18,577

Additions

1,039

1,039

At 30 April 2024

19,616

19,616

Depreciation

At 1 May 2023

15,707

15,707

Charge for the year

2,548

2,548

At 30 April 2024

18,255

18,255

Carrying amount

At 30 April 2024

1,361

1,361

At 30 April 2023

2,870

2,870

5

Stocks

2024
£

2023
£

Other inventories

884

-

 

Pig and Pepper Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

2024
£

2023
£

Prepayments

1,500

-

Other debtors

841

2,286

 

2,341

2,286

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

3,131

1,512

Taxation and social security

 

1,259

457

Accruals and deferred income

 

1,924

2,179

Other creditors

 

210

837

 

6,524

4,985

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

-

118


Loans and borrowings represent loans from the directors. These loans do not bear interest and have no fixed term.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2