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Registered number: 03240521
The Pasta Bowl Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Strategic Report 1—2
Directors' Report 3
Independent Auditor's Report 4—6
Profit and Loss Account 7
Statement of Comprehensive Income 8
Balance Sheet 9
Statement of Changes in Equity 10
Statement of Cash Flows 11
Notes to the Statement of Cash Flows 12
Notes to the Financial Statements 13—19
Page 1
Strategic Report
The directors present their strategic report for the year ended 30 September 2024.
Principal Activity
The Pasta Bowl Limited trading as Zaza has been operating restaurants from various sites in Hertfordshire and the surrounding area.  The company has been growing steadily since formation and the directors expect this trend to continue for the foreseeable future.
Review of the Business
During the year under review, the company experienced a modest growth in sales, and despite challenging market conditions managed an increase in profit. The company's turnover for the UK market for the year ended 30 September 2024 was £11,647,327, which compared to £11,298,574 in the previous year.
Costs of wages and social security payments rose as per expectations, reflecting efforts to retain and motivate staff. Wages costs increased to £5,152,232 in 2024, up from £4,846,250 in 2023. Despite the challenges, the company's profit margins remained stable due to strong operational efficiencies and a strategic focus on managing overheads and direct costs.
The company's main objective is to increase profitability by focusing on maintaining high customer service standards and managing costs effectively. Measures have been put in place to enable the company to continue growing in future and increase gross margin and the resultant effect on profit.
The company's main strategy is to ensure customers are satisfied with the service they receive in addition to receiving a high standard of food.
KEY PERFORMANCE INDICATORS (KPIS)
Key performance indicators (KPIs) for the business are closely monitored on a monthly basis. The primary KPIs for the company include sales growth, profit margins, and control of overhead expenses. Notably:
2024
2023
£
£
Turnover
11,647,327
11,298,574
Gross Profit 
3,073,823
3,111,157
Net Profit before tax
776,339
598,206
image
image
There was an increase in net profit compared to the previous year due to reduced costs, and despite increasing wages. The company continues to focus on maintaining strong relationships with its customers and suppliers, which has resulted in stable revenues. However, to ensure future growth, the directors believe a continued focus on operational efficiency and customer satisfaction is key.
Principal Risks and Uncertainties
The principal risks affecting the business are operational and market-related. Rising wage costs and fluctuations in utility prices continue to be key concerns.
The company has also experienced an reduction in repairs and maintenance costs, from £227,763 in 2023 to £199,041 in 2024. This may reflect increased efficiency or the benefits of prior investment in facilities, although maintaining high standards remains a key priority. Inflationary pressures may continue to affect food and wages costs, posing risks to future profitability.
To mitigate these risks, the company continues to monitor overheads, invest in cost-saving technologies, and maintain strong supplier relationships to manage price volatility.
Future Developments
The directors expect a growth in sales in the future as the company continues to maintain its brand reputation and increasing its customer base.
Dividends
The value of dividends paid amounted to £300,000 .
The directors recommended a final dividend of £NIL .
Page 1
Page 2
Employees
The company is committed to achieving a working environment which provides equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or maternity, trade union membership or the fact that they are part-time workers. 
The company's Equality and Diversity policy aims to remove unfair and discriminatory practices within the company and to encourage full contribution from its diverse community. The company is committed to actively opposing all forms of discrimination. The company also aims to provide a service that does not discriminate against its clients in the means by which they can access the services supplied by the company.
The company believes that the directors, employees and customers are entitled to be treated with respect and dignity.
The company's employment policy is to provide equal opportunity to all current and prospective employees without any discrimination. They endeavour to provide a work environment in which all individuals are treated with respect and dignity.
The directors believe that maintaining an inclusive and supportive working environment is essential for retaining talent and ensuring a high standard of customer service.
Statement of Engagement with Suppliers, Customers and Others in a Business Relationship with the Company
The policy of the company is to agree terms of payment prior to commencing trade with a supplier and to abide by those terms on a timely submission of invoices.
Social, Environmental and Ethical Matters
The company recognises the importance of operating in an environmentally responsible and socially ethical manner. 
The company strives to reduce its environmental footprint by implementing energy-efficient practices across its operations.
Ethically, the company continues to adhere to strict standards in supplier relationships and ensures that its business operations comply with all relevant legal and regulatory requirements.
On behalf of the board
F Pacelli
Director
23 June 2025
Page 2
Page 3
Directors' Report
The directors present their report and the financial statements for the year ended 30 September 2024.
Directors
The directors who held office during the year were as follows:
T P Greenhill
F Pacelli
Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved: 
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Independent Auditors
The auditors, Munday Long & Co Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
F Pacelli
Director
23 June 2025
Page 3
Page 4
Independent Auditor's Report
Opinion
We have audited the financial statements of The Pasta Bowl Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Page 4
Page 5
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
We developed an understanding of the legal and regulatory framework relevant to the company and identified the most significant areas as food standards regulation and anti-money laundering regulations. To assess compliance, we held discussions with management and key personnel and reviewed relevant correspondence files.
We identified laws and regulations that could reasonably have a material impact on the financial statements. This assessment was based on our general industry knowledge, discussions with directors and other members of management (in line with auditing standards), and a review of the company’s legal and regulatory correspondence.
We discussed with management the policies and procedures in place to ensure compliance with applicable laws and regulations. These areas were shared across our audit team, and we remained vigilant for any signs of non-compliance during the audit.
Additionally, we evaluated the risk of management override of controls. This included testing journal entries and other adjustments for appropriateness and reviewing the business rationale for significant transactions outside the ordinary course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Page 5
Page 6
Raymond Long (Senior Statutory Auditor)
for and on behalf of Munday Long & Co Limited , Statutory Auditor
27 June 2025
Munday Long & Co Limited
Statutory Auditors
66-68 High Street
Northwood
Moddlesex
HA6 1BL
Page 6
Page 7
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 3 11,647,327 11,298,574
Cost of sales (8,573,504 ) (8,187,417 )
GROSS PROFIT 3,073,823 3,111,157
Administrative expenses (2,591,383 ) (2,648,917 )
Other operating income 354,166 164,235
OPERATING PROFIT 5 836,606 626,475
(Loss)/profit on disposal of fixed assets (13,792 ) 15,246
Other interest receivable and similar income 10 26,799 18,220
Interest payable and similar charges 11 (73,274 ) (61,735 )
PROFIT BEFORE TAXATION 776,339 598,206
Tax on Profit 12 (236,390 ) (155,628 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 539,949 442,578
The notes on pages 12 to 19 form part of these financial statements.
Page 7
Page 8
Statement of Comprehensive Income
2024 2023
£ £
PROFIT FOR THE FINANCIAL YEAR 539,949 442,578
OTHER COMPREHENSIVE INCOME FOR THE YEAR - -
Prior year adjustment - (546,704)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 539,949 (104,126 )
Page 8
Page 9
Balance Sheet
Registered number: 03240521
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 14 3,936,956 2,965,008
3,936,956 2,965,008
CURRENT ASSETS
Stocks 15 104,905 119,249
Debtors 16 848,044 1,016,030
Cash at bank and in hand 1,257,866 1,893,490
2,210,815 3,028,769
Creditors: Amounts Falling Due Within One Year 17 (1,940,866 ) (1,947,566 )
NET CURRENT ASSETS (LIABILITIES) 269,949 1,081,203
TOTAL ASSETS LESS CURRENT LIABILITIES 4,206,905 4,046,211
Creditors: Amounts Falling Due After More Than One Year 18 (684,513 ) (812,682 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 20 (139,911 ) (90,997 )
NET ASSETS 3,382,481 3,142,532
CAPITAL AND RESERVES
Called up share capital 21 3,300 3,300
Profit and Loss Account 3,379,181 3,139,232
SHAREHOLDERS' FUNDS 3,382,481 3,142,532
On behalf of the board
F Pacelli
Director
23 June 2025
The notes on pages 12 to 19 form part of these financial statements.
Page 9
Page 10
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 October 2022 as previously stated 3,300 3,243,358 3,246,658
Prior year adjustment - (546,704 ) (546,704 )
As at 1 October 2022 as restated 3,300 2,696,654 2,699,954
2,696,654
Profit for the year and total comprehensive income - 442,578 442,578
As at 30 September 2023 and 1 October 2023 3,300 3,139,232 3,142,532
Profit for the year and total comprehensive income - 539,949 539,949
Dividends paid - (300,000) (300,000)
As at 30 September 2024 3,300 3,379,181 3,382,481
Page 10
Page 11
Statement of Cash Flows
2024 2023
Notes £ £
Cash flows from operating activities
Net cash generated from operations 1 1,061,217 666,555
Interest paid (73,274 ) (61,735 )
Tax paid (80,128 ) (245,462 )
Net cash generated from operating activities 907,815 359,358
Cash flows from investing activities
Purchase of tangible assets (1,287,734 ) (1,266,314 )
Proceeds from disposal of tangible assets - 45,002
Interest received 26,799 18,220
Net cash used in investing activities (1,260,935 ) (1,203,092 )
Cash flows from financing activities
Equity dividends paid (300,000 ) -
Repayment of bank borrowings (117,504 ) (102,373 )
Amount introduced by directors 135,000 -
Amount withdrawn by directors - (117,000)
Net cash used in financing activities (282,504 ) (219,373 )
Decrease in cash and cash equivalents (635,624 ) (1,063,107 )
Cash and cash equivalents at beginning of year 2 1,893,490 2,956,597
Cash and cash equivalents at end of year 2 1,257,866 1,893,490
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Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations
2024 2023
£ £
Profit for the financial year 539,949 442,578
Adjustments for:
Tax on profit 236,390 155,628
Interest expense 73,274 61,735
Interest income (26,799 ) (18,220 )
Depreciation of tangible assets 301,994 221,030
Loss/(profit) on disposal of tangible assets 13,792 (15,246)
Movements in working capital:
Decrease in stocks 14,344 751
Decrease/(increase) in trade and other debtors 35,100 (108,982 )
Decrease in trade and other creditors (126,827 ) (72,719 )
Net cash generated from operations 1,061,217 666,555
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2024 2023
£ £
Cash at bank and in hand 1,257,866 1,893,490
3. Analysis of changes in net funds
As at 1 October 2023 Cash flows As at 30 September 2024
£ £ £
Cash at bank and in hand 1,893,490 (635,624) 1,257,866
Debts falling due within one year (116,551 ) (10,665) (127,216 )
Debts falling due after more than one year (812,682) 128,169 (684,513)
964,257 (518,120) 446,137
Page 12
Page 13
Notes to the Financial Statements
1. General Information
The Pasta Bowl Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03240521 . The registered office is Alton House, 66 High Street, Northwood, Middlesex, HA6 1BL.
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
Revenue from restaurant operations, comprising food and beverage sales, is recognised upon rendering of service. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was amortised to profit and loss account over its estimated economic life of three years.
2.4. Tangible Fixed Assets and Depreciation
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:
Freehold 2% on cost
Leasehold in equal installments of the term of the lease
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. 
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 13
Page 14
3. Turnover
Analysis of turnover by geographical market is as follows:
2024 2023
£ £
United Kingdom 11,647,327 11,298,574
11,647,327 11,298,574
4. Other Operating Income
2024 2023
£ £
Rental income 81,711 25,992
Other operating income 272,455 138,243
354,166 164,235
5. Operating Profit
The operating profit is stated after charging:
2024 2023
£ £
Depreciation of tangible fixed assets 301,994 221,030
6. Auditor's Remuneration
Remuneration received by the company's auditors during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the company's financial statements 21,000 19,000
7. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 4,672,512 4,400,608
Social security costs 411,606 386,393
Other pension costs 68,114 59,249
5,152,232 4,846,250
8. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Staff 187 185
187 185
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9. Directors' remuneration
2024 2023
£ £
Emoluments 381,129 516,985
Company contributions to money purchase pension schemes 2,643 2,642
383,772 519,627
Information regarding the highest paid director was as follows:
2024 2023
£ £
Emoluments 203,655 310,803
Company contributions to money purchase pension schemes 1,322 1,321
204,977 312,124
10. Interest Receivable and Similar Income
2024 2023
£ £
Bank interest receivable 11,111 5,422
Other interest receivable 15,688 12,798
26,799 18,220
11. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts 71,536 61,735
Late payment tax charges 1,738 -
73,274 61,735
12. Tax on Profit
The tax charge on the profit for the year was as follows:
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 25.0% 22.0% 187,476 142,041
Deferred Tax
Deferred taxation 48,914 13,587
Total tax charge for the period 236,390 155,628
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
...CONTINUED
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2024 2023
£ £
Profit before tax 776,339 598,206
Tax on profit at 25% (UK standard rate) 194,085 131,656
Goodwill/depreciation not allowed for tax 78,946 48,627
Expenses not deductible for tax purposes 13,775 6,161
Capital allowances (99,330 ) (44,404 )
Short term timing differences 48,914 13,588
Total tax charge for the period 236,390 155,628
13. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 115,000
As at 30 September 2024 115,000
Amortisation
As at 1 October 2023 115,000
As at 30 September 2024 115,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
14. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 October 2023 2,114,925 1,326,242 1,525,671 42,107
Additions 891,325 - 392,398 -
Disposals - (64,277 ) (249,834 ) -
As at 30 September 2024 3,006,250 1,261,965 1,668,235 42,107
Depreciation
As at 1 October 2023 178,853 676,509 1,177,700 14,427
Provided during the period 60,127 53,992 179,790 6,916
Disposals - (64,278 ) (236,259 ) 14
As at 30 September 2024 238,980 666,223 1,121,231 21,357
Net Book Value
As at 30 September 2024 2,767,270 595,742 547,004 20,750
As at 1 October 2023 1,936,072 649,733 347,971 27,680
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Computer Equipment Total
£ £
Cost
As at 1 October 2023 35,231 5,044,176
Additions 4,011 1,287,734
Disposals (5,518 ) (319,629 )
As at 30 September 2024 33,724 6,012,281
Depreciation
As at 1 October 2023 31,679 2,079,168
Provided during the period 1,169 301,994
Disposals (5,314 ) (305,837 )
As at 30 September 2024 27,534 2,075,325
Net Book Value
As at 30 September 2024 6,190 3,936,956
As at 1 October 2023 3,552 2,965,008
15. Stocks
2024 2023
£ £
Stocks 104,905 119,249
16. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,000 87,065
Other debtors 818,044 928,965
848,044 1,016,030
17. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 580,620 688,942
Bank loans and overdrafts 127,216 116,551
Other creditors 523,369 586,892
Corporation tax 253,596 144,134
Taxation and social security 456,065 411,047
1,940,866 1,947,566
18. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 684,513 812,682
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The following secure debts are included within creditors:
2024 2023
£ £
Bank loans and overdrafts 811,729 929,233
19. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 127,216 116,551
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 684,513 812,682
20. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 139,911 90,997
21. Share Capital
2024 2023
Allotted, called up and fully paid £ £
3,300 Ordinary Shares of £ 1.00 each 3,300 3,300
22. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 381,929 276,100
Later than one year and not later than five years 1,474,215 1,104,400
Later than five years 3,228,148 -
5,084,292 1,380,500
23. Pension Commitments
The company operates a defined contribution pension scheme. During the year the charge to profit or loss in respect of defined contribution schemes was £68,114 (2023: £59,249).
At the balance sheet date contributions of £33,553 (2023: £28,236) were due to the fund and are included in creditors.
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24. Directors Advances, Credits and Guarantees
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Terence Greenhill 32,653 20,000 - - 52,653
Mr Ferdinando Pacelli 536,151 25,000 180,000 - 381,151
Interest is charged on these loans at 2.25% APR.
25. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 300,000 -
26. Related Party Disclosures
During the year the company received mangement charges amounting to £130,000 (2023: £130,400) from Prime Steak & Grill Ltd, a company under the control of the directors.
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