REGISTERED NUMBER: 10222566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ERIC'S PIZZA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L R Snaith

E J Snaith

F P D Bambridge

SECRETARY:

E J Snaith

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

10222566 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

78,018

79,458

CURRENT ASSETS

Stocks

11,789

8,995

Debtors

5

30,559

25,272

Cash at bank and in hand

66,885

125,376

109,233

159,643

CREDITORS

Amounts falling due within one year

6

174,387

222,757

NET CURRENT LIABILITIES

(65,154

)

(63,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,864

16,344

PROVISIONS FOR LIABILITIES

15,500

12,670

NET (LIABILITIES)/ASSETS

(2,636

)

3,674

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,736

)

3,574

SHAREHOLDERS' FUNDS

(2,636

)

3,674

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 30 September 2025 and were signed on its behalf by:

E J Snaith - Director

1.	STATUTORY INFORMATION

Eric's Pizza 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

At the balance sheet date the company had net liabilities of £2,636 by virtue of its total liabilities exceeding its total assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

11,557

62,382

75,781

149,720

Additions

-

8,099

6,148

14,247

At 31 December 2024

11,557

70,481

81,929

163,967

DEPRECIATION

At 1 January 2024

3,467

37,158

29,637

70,262

Charge for year

1,156

7,236

7,295

15,687

At 31 December 2024

4,623

44,394

36,932

85,949

NET BOOK VALUE

At 31 December 2024

6,934

26,087

44,997

78,018

At 31 December 2023

8,090

25,224

46,144

79,458

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,600

8,015

Amounts owed by group undertakings

22,247

-

Other debtors

5,712

17,257

30,559

25,272

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

18,828

31,545

Amounts owed to joint ventures

70,392

-

Taxation and social security

45,979

37,324

Other creditors

39,188

153,888

174,387

222,757

7.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

21,840

21,840

Between one and five years

87,360

87,360

In more than five years

234,780

256,620

343,980

365,820

8.

DIVIDENDS

Dividends were paid during the year. The amount of the dividends declared was based on the best estimate of retained profits available at the time. Subsequently, it was realised that the actual retained profits available for distribution fell short of the directors' estimate by £2,736 which the directors concede is in contravention of section 830 of the Companies Act 2006.