BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts event catering 21 July 2025 0 0 11537107 2024-04-30 11537107 2023-04-30 11537107 2022-04-30 11537107 2023-05-01 2024-04-30 11537107 2022-05-01 2023-04-30 11537107 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11537107 uk-curr:PoundSterling 2023-05-01 2024-04-30 11537107 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11537107 uk-bus:FullAccounts 2023-05-01 2024-04-30 11537107 uk-bus:Director1 2023-05-01 2024-04-30 11537107 uk-bus:Director2 2023-05-01 2024-04-30 11537107 uk-bus:RegisteredOffice 2023-05-01 2024-04-30 11537107 uk-bus:Agent1 2023-05-01 2024-04-30 11537107 uk-core:ShareCapital 2024-04-30 11537107 uk-core:ShareCapital 2023-04-30 11537107 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 11537107 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 11537107 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 11537107 uk-bus:FRS102 2023-05-01 2024-04-30 11537107 uk-core:PlantMachinery 2023-05-01 2024-04-30 11537107 uk-core:MotorVehicles 2023-05-01 2024-04-30 11537107 uk-core:WithinOneYear 2024-04-30 11537107 uk-core:WithinOneYear 2023-04-30 11537107 2023-05-01 2024-04-30 11537107 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: 11537107
 
 
Fairwood Pizza Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024



Fairwood Pizza Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Huw Williams
Jorgina Williams
 
 
Company Registration Number 11537107
 
 
Registered Office Summerfield
Church Road
Watlington
King's  Lynn
Norfolk,
PE33 0HE
United Kingdom
 
 
Accountants Thain Wildbur
Chartered Accountants
36-38 King Street
PE30 1ES
United Kingdom



Fairwood Pizza Limited
Company Registration Number: 11537107
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
as restated
 
Fixed Assets
Tangible assets 6 10,615 14,153
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Current Assets
Debtors 7 - 745
Cash and cash equivalents 275 133
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275 878
───────── ─────────
Creditors: amounts falling due within one year 8 (25,016) (27,741)
───────── ─────────
Net Current Liabilities (24,741) (26,863)
───────── ─────────
Total Assets less Current Liabilities (14,126) (12,710)
═════════ ═════════
 
Capital and Reserves
Called up share capital 3 3
Retained earnings (14,129) (12,713)
───────── ─────────
Shareholders' Deficit (14,126) (12,710)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 21 July 2025 and signed on its behalf by
           
           
________________________________          
Huw Williams          
Director          
           



Fairwood Pizza Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Fairwood Pizza Limited  is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 11537107. The registered office of the company is Summerfield, Church Road, Watlington, King's  Lynn, Norfolk,, PE33 0HE, United Kingdom. event catering The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Reducing balance
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
   
3. Going concern
 
The balance sheet shows a deficiency of net assets amounting to £14,126. The Company is reliant upon the continued support of the directors. On this basis the financial statements have been prepared on a going concern basis.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
   
5. Prior financial year error correction
 
The comparitive figures for 2023 have been restated to incorporate the impact of the corporation tax creditor being underprovided at 30th April 2023, to remove an accounts adjustment between the directors loan account and the profit and loss account and to show the share capital at its nominal value.

A summary of the impact on the prior year balance sheet is as follows:

Total creditors decreased by £10,846, as a result of reducing the directlors loan account credit balance by £19,003 and increasing the corporation tax creditor by £8,157. Share capital increased by £3.
The net adjustment of £10,843 is reflected in the Reconciliation of Shareholders Funds.

         
6. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 May 2023 2,553 11,600 14,153
  ───────── ───────── ─────────
 
At 30 April 2024 2,553 11,600 14,153
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 - - -
Charge for the financial year 638 2,900 3,538
  ───────── ───────── ─────────
At 30 April 2024 638 2,900 3,538
  ───────── ───────── ─────────
Net book value
At 30 April 2024 1,915 8,700 10,615
  ═════════ ═════════ ═════════
At 30 April 2023 2,553 11,600 14,153
  ═════════ ═════════ ═════════
       
7. Debtors 2024 2023
  £ £
 
Taxation  (Note 9) - 745
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Taxation  (Note 9) 8,655 8,157
Directors' current accounts 13,134 19,584
Accruals 3,227 -
  ───────── ─────────
  25,016 27,741
  ═════════ ═════════
       
9. Taxation 2024 2023
  £ £
 
Debtors:
VAT - 745
  ═════════ ═════════
Creditors:
Corporation tax 8,655 8,157
  ═════════ ═════════
   
10. Controlling interest
 
The company is under the control of the directors who are also the shareholders.