Acorah Software Products - Accounts Production 16.1.300 false true true false 14 June 2023 30 June 2024 30 June 2024 14936571 Mr Bruce Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14936571 2023-06-13 14936571 2024-06-30 14936571 2023-06-14 2024-06-30 14936571 frs-core:BetweenOneFiveYears 2024-06-30 14936571 frs-core:ComputerEquipment 2023-06-14 2024-06-30 14936571 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-14 2024-06-30 14936571 frs-core:PlantMachinery 2023-06-14 2024-06-30 14936571 frs-core:WithinOneYear 2024-06-30 14936571 frs-core:ShareCapital 2024-06-30 14936571 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14936571 frs-bus:PrivateLimitedCompanyLtd 2023-06-14 2024-06-30 14936571 frs-bus:AbridgedAccounts 2023-06-14 2024-06-30 14936571 frs-bus:SmallEntities 2023-06-14 2024-06-30 14936571 frs-bus:AuditExempt-NoAccountantsReport 2023-06-14 2024-06-30 14936571 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-14 2024-06-30 14936571 frs-bus:Director1 2023-06-14 2024-06-30 14936571 frs-countries:EnglandWales 2023-06-14 2024-06-30
Registered number: 14936571
Pizza Is Lovely 2023 Ltd
Unaudited ABRIDGED Financial Statements
For the Period 14 June 2023 to 30 June 2024
CAD Accountancy Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14936571
30 June 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 40,124
40,124
CURRENT ASSETS
Stocks 20,676
Debtors 49,182
Cash at bank and in hand 20,493
90,351
Creditors: Amounts Falling Due Within One Year (193,246 )
NET CURRENT ASSETS (LIABILITIES) (102,895 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,771 )
NET LIABILITIES (62,771 )
CAPITAL AND RESERVES
Called up share capital 5 2
Profit and Loss Account (62,773 )
SHAREHOLDERS' FUNDS (62,771)
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Page 2
For the period ending 30 June 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Bruce Gray
Director
13th March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Pizza Is Lovely 2023 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14936571 . The registered office is Unit 3 Wadehurst Industrial Estate, St. Philips Road, Bristol, BS2 0JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on the going concern basis. The company has experienced losses in the current financial year, resulting in negative reserves. However, the director believes that the company will return to profitability in the next financial year based on their financial forecasts.
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold N/A
Plant & Machinery 5 Year Straight Line
Computer Equipment 3 Year Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 23
23
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4. Tangible Assets
Total
£
Cost
As at 14 June 2023 -
Additions 43,870
As at 30 June 2024 43,870
Depreciation
As at 14 June 2023 -
Provided during the period 3,746
As at 30 June 2024 3,746
Net Book Value
As at 30 June 2024 40,124
As at 14 June 2023 -
5. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 2
6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 June 2024
£
Not later than one year 82,000
Later than one year and not later than five years 273,333
355,333
7. Related Party Transactions
During the period ended 30 June 2024, Pizza Is Lovely 2023 Limited received a loan of £9,000 from The Big Beer Co Limited, a company under common control. During the year, none of this loan was repaid leaving £9,000 outstanding at the company year end.
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