REGISTERED NUMBER: 12630526 (England and Wales)

PASTA BOI LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D J Still

Mr M W Still

Mr J A Still

REGISTERED OFFICE:

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

REGISTERED NUMBER:

12630526 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

165

-

Tangible assets

5

463,030

37,918

463,195

37,918

CURRENT ASSETS

Stocks

11,494

-

Debtors

6

34,546

20,949

Cash at bank and in hand

316,706

1,914

362,746

22,863

CREDITORS

Amounts falling due within one year

7

741,991

65,132

NET CURRENT LIABILITIES

(379,245

)

(42,269

)

TOTAL ASSETS LESS CURRENT LIABILITIES

83,950

(4,351

)

PROVISIONS FOR LIABILITIES

31,523

-

NET ASSETS/(LIABILITIES)

52,427

(4,351

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

52,425

(4,353

)

52,427

(4,351

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

Mrs D J Still - Director

1.	STATUTORY INFORMATION

Pasta Boi Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the duration of the lease

Plant and machinery

-

20% straight line on cost

Fixtures and fittings

-

20% straight line on cost

Computer equipment

-

20% straight line 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 Statement of Income and Retained Earnings, 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 3 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

170

At 31st December 2024

170

AMORTISATION

Amortisation for year

5

At 31st December 2024

5

NET BOOK VALUE

At 31st December 2024

165

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

39,226

-

-

-

39,226

Additions

313,263

80,187

39,328

7,118

439,896

At 31st December 2024

352,489

80,187

39,328

7,118

479,122

DEPRECIATION

At 1st January 2024

1,308

-

-

-

1,308

Charge for year

6,706

5,106

2,613

359

14,784

At 31st December 2024

8,014

5,106

2,613

359

16,092

NET BOOK VALUE

At 31st December 2024

344,475

75,081

36,715

6,759

463,030

At 31st December 2023

37,918

-

-

-

37,918

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

55

2

Other debtors

34,491

20,947

34,546

20,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

54,752

18,103

Amounts owed to group undertakings

629,967

46,529

Taxation and social security

32,982

-

Other creditors

24,290

500

741,991

65,132

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

57,300

-

Between one and five years

286,500

-

In more than five years

725,800

-

1,069,600

-