Pizza Piccante Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06453156

PIZZA PICCANTE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

PIZZA PICCANTE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

PIZZA PICCANTE LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	1	1
Tangible assets	6	5,635	7,283
		--------	--------
		5,636	7,284

CURRENT ASSETS

Stocks		4,155	4,035
Debtors	7	2,987	3,003
Cash at bank and in hand		4,816	7,015
		---------	---------
		11,958	14,053

CREDITORS: amounts falling due within one year	8	53,257		42,740
		---------		---------
NET CURRENT LIABILITIES			41,299		28,687
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 35,663)		( 21,403)

CREDITORS: amounts falling due after more than one year	9	2,500	8,500
		---------	---------
NET LIABILITIES		( 38,163)	( 29,903)
		---------	---------

PIZZA PICCANTE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	10	1	1
Profit and loss account		( 38,164)	( 29,904)
		---------	---------
SHAREHOLDERS DEFICIT		( 38,163)	( 29,903)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr S Razavilar
Director

Company registration number: 06453156

PIZZA PICCANTE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The continuation of the company's activities is dependent on the continuing financial support of the directors, bank and other creditors. The directors have confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	9,500
	--------
Amortisation
At 1 January 2024 and 31 December 2024	9,499
	--------
Carrying amount
At 31 December 2024	1
	--------
At 31 December 2023	1
	--------

6. TANGIBLE ASSETS

	Fixtures and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	20,942	6,995	27,937
Disposals	–	( 6,995)	( 6,995)
	---------	--------	---------
At 31 December 2024	20,942	–	20,942
	---------	--------	---------
Depreciation
At 1 January 2024	14,314	6,340	20,654
Charge for the year	993	164	1,157
Disposals	–	( 6,504)	( 6,504)
	---------	--------	---------
At 31 December 2024	15,307	–	15,307
	---------	--------	---------
Carrying amount
At 31 December 2024	5,635	–	5,635
	---------	--------	---------
At 31 December 2023	6,628	655	7,283
	---------	--------	---------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	2,987	3,003
	--------	--------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	6,000	6,000
Trade creditors	8,071	7,146
Accruals and deferred income	1,463	1,725
Corporation tax	398	398
Social security and other taxes	32,707	21,821
Director loan accounts	4,618	5,650
	---------	---------
	53,257	42,740
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	2,500	8,500
	--------	--------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	-----	-----	-----	-----

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.