Pie 2 Brands Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04407942

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,954		13,541
Investments	5		87		-

			9,041		13,541
CURRENT ASSETS
Stocks	6	2,816,250		1,241,045
Debtors	7	1,420,765		3,347,411
Cash at bank and in hand		1,649		2,472

		4,238,664		4,590,928
Creditors: Amounts Falling Due Within One Year	8	(3,178,369 )		(3,577,206 )

NET CURRENT ASSETS (LIABILITIES)			1,060,295		1,013,722

TOTAL ASSETS LESS CURRENT LIABILITIES			1,069,336		1,027,263

NET ASSETS			1,069,336		1,027,263

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			1,069,236		1,027,163

SHAREHOLDERS' FUNDS			1,069,336		1,027,263

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jasvinder Sawhney

Director

10 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Pie 2 Brands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04407942 . The registered office is 27 King Street, Watford Place, Watford, Hertfordshire, WD18 0BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery etc

20% Straight line method

2.4. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2.5. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.6. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.7. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.8. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.9. Group Accounts Exemption

The company has taken advantage of small group exemption for group accounts disclosures as per sec 399 underthe Companies Act 2006.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 10)

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Pie 2 Brands Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Plant and machinery etc
	£
Cost
As at 1 October 2023	22,937

As at 30 September 2024	22,937

Depreciation
As at 1 October 2023	9,396
Provided during the period	4,587

As at 30 September 2024	13,983

Net Book Value
As at 30 September 2024	8,954

As at 1 October 2023	13,541

5. Investments

	Subsidiaries
	£
Cost
As at 1 October 2023	-
Additions	87

As at 30 September 2024	87

Provision
As at 1 October 2023	-

As at 30 September 2024	-

Net Book Value
As at 30 September 2024	87

As at 1 October 2023	-

6. Stocks

	2024	2023
	£	£
Stock	2,816,250	1,241,045

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	614,573	3,093,886
Other debtors	806,192	253,525

	1,420,765	3,347,411

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Pie 2 Brands Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,286,767	144,025
Bank loans and overdrafts	-	111,886
Corporation tax	89,227	85,025
Other taxes and social security	78,526	12,801
Other creditors	1,723,849	3,223,469

	3,178,369	3,577,206

Other creditors include 2024: £4,491 (2023: £2,672,803) relating to factoring company as at balance sheet date. These are secured by debenture comprising fixed and floating charges over all assets and undertaking of the company including all present and future freehold and leasehold property and all the assets of the company.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Other information

PIE 2 BRANDS LTD is a private company limited by shares and incorporated in England. Its registered office is:

27, King Street,

Watford Place, Watford,

Hertfordshire,

England

WD18 0BY

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