Company Registration No. 08655108 (England and Wales)
R & D 2 Pizza Limited
Unaudited accounts
for the period from 1 January 2024 to 30 June 2024
R & D 2 Pizza Limited
Unaudited accounts
Contents
R & D 2 Pizza Limited
Company Information
for the period from 1 January 2024 to 30 June 2024
Director
Mr Gurjeet Singh Dhillon
Company Number
08655108 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
England
R & D 2 Pizza Limited
Statement of financial position
as at 30 June 2024
Intangible assets
41,625
44,400
Tangible assets
554,554
601,003
Investments
650,300
650,300
Debtors
2,912,943
3,679,797
Cash at bank and in hand
153,745
224,608
Creditors: amounts falling due within one year
(2,905,590)
(3,612,623)
Net current assets
238,570
387,257
Total assets less current liabilities
1,485,049
1,682,960
Creditors: amounts falling due after more than one year
(1,077,958)
(1,159,500)
Net assets
407,091
523,460
Called up share capital
300
300
Profit and loss account
406,791
523,160
Shareholders' funds
407,091
523,460
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by
Mr Gurjeet Singh Dhillon
Director
Company Registration No. 08655108
R & D 2 Pizza Limited
Notes to the Accounts
for the period from 1 January 2024 to 30 June 2024
R & D 2 Pizza Limited is a private company, limited by shares, registered in England and Wales, registration number 08655108. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Over 10 Years Straight line
4
Intangible fixed assets
Other
Charge for the period
2,775
At 31 December 2023
44,400
R & D 2 Pizza Limited
Notes to the Accounts
for the period from 1 January 2024 to 30 June 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
64,650
2,050,781
2,115,431
At 30 June 2024
64,650
2,050,781
2,115,431
At 1 January 2024
9,698
1,504,730
1,514,428
Charge for the period
5,495
40,954
46,449
At 30 June 2024
15,193
1,545,684
1,560,877
At 30 June 2024
49,457
505,097
554,554
At 31 December 2023
54,952
546,051
601,003
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
43,962
54,952
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
650,300
Valuation at 30 June 2024
650,300
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following companies:
Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year:
Topbake Ltd/100%/£1,803,586/£94,116
Amounts falling due within one year
Trade debtors
82,647
106,102
Amounts due from group undertakings etc.
2,508,621
3,193,197
Accrued income and prepayments
159,596
93,069
Other debtors
162,079
287,429
R & D 2 Pizza Limited
Notes to the Accounts
for the period from 1 January 2024 to 30 June 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
120,329
150,000
Obligations under finance leases and hire purchase contracts
12,923
12,612
Trade creditors
481,118
711,268
Amounts owed to group undertakings and other participating interests
1,853,680
2,105,932
Taxes and social security
177,975
138,684
Other creditors
47,067
95,841
Loans from directors
212,498
398,286
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,037,500
1,112,500
Obligations under finance leases and hire purchase contracts
40,458
47,000
The company has fixed and floating secured loan from Santander Bank UK Plc for £ 1,412,500. The loan is repayable over the five year period . The interest rate on the loan is at 3.80% above BOE base rate.
10
Average number of employees
During the period the average number of employees was 136 (2023: 208).