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REGISTERED NUMBER: 07219757 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Pizzeria Bel-Sit Ltd

Pizzeria Bel-Sit Ltd (Registered number: 07219757)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pizzeria Bel-Sit Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S E H Musiu
M Musiu
M Musiu
Ms G M Musiu





REGISTERED OFFICE: Old Bishops' College
Churchgate
Cheshunt
Hertfordshire
EN8 9XP





REGISTERED NUMBER: 07219757 (England and Wales)





ACCOUNTANTS: Abbey Accountants Ltd
Old Bishops' College
Cheshunt
Hertfordshire
EN8 9XP

Pizzeria Bel-Sit Ltd (Registered number: 07219757)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,074 21,035
42,074 21,035

CURRENT ASSETS
Stocks 35,277 19,615
Debtors 6 29,898 36,375
Cash at bank 299,345 397,545
364,520 453,535
CREDITORS
Amounts falling due within one year 7 96,605 122,395
NET CURRENT ASSETS 267,915 331,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,989

352,175

PROVISIONS FOR LIABILITIES 11,476 6,216
NET ASSETS 298,513 345,959

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 298,413 345,859
SHAREHOLDERS' FUNDS 298,513 345,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pizzeria Bel-Sit Ltd (Registered number: 07219757)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mrs S E H Musiu - Director


Pizzeria Bel-Sit Ltd (Registered number: 07219757)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pizzeria Bel-Sit Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced sales of goods and services, excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% Reducing balance basis, 25% on cost, 15% reducing balance method and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

Pizzeria Bel-Sit Ltd (Registered number: 07219757)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 585,882
AMORTISATION
At 1 October 2023
and 30 September 2024 585,882
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 72,776
Additions 32,075
Disposals (133 )
At 30 September 2024 104,718
DEPRECIATION
At 1 October 2023 51,741
Charge for year 11,005
Eliminated on disposal (102 )
At 30 September 2024 62,644
NET BOOK VALUE
At 30 September 2024 42,074
At 30 September 2023 21,035

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 81 -
Other debtors 29,817 36,375
29,898 36,375

Pizzeria Bel-Sit Ltd (Registered number: 07219757)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 61,563 63,679
Taxation and social security 18,144 43,809
Other creditors 16,898 14,907
96,605 122,395

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30/9/24 30/9/23
£    £   
Mrs S E H Musiu
Balance outstanding at start of year 6,181 -
Amounts advanced 37,854 85,387
Amounts repaid (44,196 ) (79,206 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (161 ) 6,181

M Musiu
Balance outstanding at start of year 4,728 -
Amounts advanced 34,197 85,174
Amounts repaid (40,123 ) (80,446 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,198 ) 4,728

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 were paid to the directors .