Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.35true2023-04-01falseThe prinicpal activity of the company was that of making and delivering pizzas42true 07463435 2023-04-01 2024-03-31 07463435 2022-04-01 2023-03-31 07463435 2024-03-31 07463435 2023-03-31 07463435 c:Director1 2023-04-01 2024-03-31 07463435 d:MotorVehicles 2023-04-01 2024-03-31 07463435 d:MotorVehicles 2024-03-31 07463435 d:MotorVehicles 2023-03-31 07463435 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07463435 d:FurnitureFittings 2023-04-01 2024-03-31 07463435 d:FurnitureFittings 2024-03-31 07463435 d:FurnitureFittings 2023-03-31 07463435 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07463435 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07463435 d:OtherPropertyPlantEquipment 2024-03-31 07463435 d:OtherPropertyPlantEquipment 2023-03-31 07463435 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07463435 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07463435 d:CurrentFinancialInstruments 2024-03-31 07463435 d:CurrentFinancialInstruments 2023-03-31 07463435 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07463435 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07463435 d:ShareCapital 2024-03-31 07463435 d:ShareCapital 2023-03-31 07463435 d:RetainedEarningsAccumulatedLosses 2024-03-31 07463435 d:RetainedEarningsAccumulatedLosses 2023-03-31 07463435 c:FRS102 2023-04-01 2024-03-31 07463435 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07463435 c:FullAccounts 2023-04-01 2024-03-31 07463435 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07463435 d:WithinOneYear 2024-03-31 07463435 d:WithinOneYear 2023-03-31 07463435 d:BetweenOneFiveYears 2024-03-31 07463435 d:BetweenOneFiveYears 2023-03-31 07463435 d:MoreThanFiveYears 2024-03-31 07463435 d:MoreThanFiveYears 2023-03-31 07463435 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07463435









TW PIZZA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
TW PIZZA LIMITED
REGISTERED NUMBER: 07463435

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
111,396
130,196

  
111,396
130,196

Current assets
  

Stocks
 5 
7,534
7,176

Debtors: amounts falling due within one year
 6 
517,693
518,575

Cash at bank and in hand
 7 
21,388
-

  
546,615
525,751

Creditors: amounts falling due within one year
 8 
(135,960)
(137,465)

Net current assets
  
 
 
410,655
 
 
388,286

Total assets less current liabilities
  
522,051
518,482

  

Net assets
  
522,051
518,482


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
517,051
513,482

  
522,051
518,482


Page 1

 
TW PIZZA LIMITED
REGISTERED NUMBER: 07463435
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2025.





................................................
James Swift
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TW PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

TW Pizza Limited is a private company limited by shares, incorporated in England and Wales. The principal activity of the Company throughout the year was that of making and delivering pizzas.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
TW PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Property improvements
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
TW PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2023 - 42).

Page 5

 
TW PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Property improve- ments
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1,480
125,805
248,155
375,440


Additions
1,650
-
-
1,650


Disposals
(1,000)
-
-
(1,000)



At 31 March 2024

2,130
125,805
248,155
376,090



Depreciation


At 1 April 2023
881
80,280
164,083
245,244


Charge for the year on owned assets
119
6,733
12,611
19,463


Disposals
(13)
-
-
(13)



At 31 March 2024

987
87,013
176,694
264,694



Net book value



At 31 March 2024
1,143
38,792
71,461
111,396



At 31 March 2023
599
45,525
84,072
130,196

Page 6

 
TW PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
7,534
7,176

7,534
7,176



6.


Debtors

2024
2023
£
£


Amounts owed by associated undertakings
466,531
481,624

Other debtors
39,051
26,148

Prepayments and accrued income
12,111
10,803

517,693
518,575



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,388
-

Less: bank overdrafts
-
(7,892)

21,388
(7,892)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
7,892

Trade creditors
37,345
36,404

Amounts owed to associated undertakings
5,583
9,409

Corporation tax
-
5,849

Other taxation and social security
53,984
61,716

Accruals and deferred income
39,048
16,195

135,960
137,465


Page 7

 
TW PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,907 (2023 - £4,983). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
18,500
18,500

Later than 1 year and not later than 5 years
74,000
74,000

Later than 5 years
129,500
148,000

222,000
240,500


11.


Controlling party

There is no overall controlling party.

 
Page 8