REGISTERED NUMBER: 01876704 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PIZZA ETCETRA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Patel

REGISTERED OFFICE:

Orchard Cottage

47 Dartford Road

Bexley

Kent

DA5 2AR

REGISTERED NUMBER:

01876704 (England and Wales)

FIXED ASSETS

Tangible assets

4

24,491

22,901

Investments

5

250,090

250,090

274,581

272,991

CURRENT ASSETS

Stocks

6

12,000

12,000

Debtors

7

170,352

152,062

Cash at bank

20,627

32,207

202,979

196,269

CREDITORS

Amounts falling due within one year

8

712,440

499,945

NET CURRENT LIABILITIES

(509,461

)

(303,676

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(234,880

)

(30,685

)

CREDITORS

Amounts falling due after more than one year

9

3,333

27,251

NET LIABILITIES

(238,213

)

(57,936

)

CAPITAL AND RESERVES

Called up share capital

340,850

340,850

Retained earnings

(579,063

)

(398,786

)

SHAREHOLDERS' FUNDS

(238,213

)

(57,936

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 authorised for issue by the director and authorised for issue on 30 September 2025 and were signed by:

D Patel - Director

1.	STATUTORY INFORMATION

Pizza Etcetra 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.

Going concern

As at the year end, the company has net liabilities of £238,213 (2024: £57,936). The directors and shareholders remain confident of their position to support the company for the foreseeable future and has no plans to call in their loan to the company. It is on this understanding that the financial statements have been prepared on a going concern basis.

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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.

Significant judgements and estimates

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contigent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reported period.

Revenue

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through sales of food and drinks and is measured as 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.

Long leasehold

-

over the lease term

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Long

to

Plant and

and

leasehold

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2024

404,482

372,832

345,692

80,196

1,203,202

Additions

-

-

9,754

-

9,754

At 31 March 2025

404,482

372,832

355,446

80,196

1,212,956

DEPRECIATION

At 1 April 2024

404,482

372,832

325,413

77,574

1,180,301

Charge for year

-

-

7,508

656

8,164

At 31 March 2025

404,482

372,832

332,921

78,230

1,188,465

NET BOOK VALUE

At 31 March 2025

-

-

22,525

1,966

24,491

At 31 March 2024

-

-

20,279

2,622

22,901

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

100

249,990

250,090

NET BOOK VALUE

At 31 March 2025

100

249,990

250,090

At 31 March 2024

100

249,990

250,090

6.

STOCKS

2025

2024

£

£

Stocks

12,000

12,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by related parties

170,352

152,062

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

80,154

67,070

Amounts owed to related parties

239,751

185,093

Tax

-

16,274

Social security and other taxes

26,694

18,445

VAT

92,457

28,271

Other creditors

-

1,748

Directors' current accounts

270,884

178,285

Accrued expenses

2,500

4,759

712,440

499,945

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

3,334

27,251

Other creditors

(1

)

-

3,333

27,251

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

130

70

Bank loans

80,024

67,000

80,154

67,070

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,334

23,917

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,334

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

83,358

94,251

The company’s bankers, National Westminster Bank Plc, hold a legal charge and debenture over leasehold properties, assets and undertakings of the company.

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at balance sheet date the company owed £270,884 (2024: £178,285) to its director. The amount is interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

As at year end, within other debtors, there is an amount due from related party companies totalling £84,259 (2024: £76,509). The amounts are repayable on demand and interest free.

As at year end, within other creditors, there is an amount to related party companies totalling £239,751 (2024: £185,093).

14.	GUARANTEES

The company's bankers hold a composite guarantee from the company in relation to borrowings by the group and its related undertakings.