REGISTERED NUMBER: 15171490 (England and Wales)

Larry's Pizzeria Ltd

Unaudited Financial Statements for the Year Ended 30 September 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

J B Thompson

Mrs M E G Thompson

Registered office:

124 Thorpe Road

Norwich

NR1 1RS

Registered number:

15171490 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Intangible assets

4

35,200

39,600

Tangible assets

5

16,449

14,893

51,649

54,493

Current assets

Stocks

3,200

3,000

Debtors

6

13,602

9,183

Cash at bank and in hand

19,797

6,457

36,599

18,640

Creditors

Amounts falling due within one year

7

142,223

98,991

Net current liabilities

(105,624

)

(80,351

)

Total assets less current liabilities

(53,975

)

(25,858

)

Capital and reserves

Called up share capital

2

2

Retained earnings

(53,977

)

(25,860

)

(53,975

)

(25,858

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

J B Thompson - Director

1.	Statutory information

Larry's Pizzeria Ltd 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.

Turnover

Turnover represents the fair value of consideration receivable for services provided in the normal course of business, excluding value added tax and trade discounts.

Revenue is recognised in the period in which the services are rendered, based on the stage of completion at the reporting date when the outcome of the transaction can be measured reliably. Where the outcome cannot be measured reliably, revenue is recognised only to the extent of costs incurred that are recoverable.

Turnover is recognised only when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

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

-

8.33% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% 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.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	Employees and directors

The average number of employees during the year was 5 (2024 - 4 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 October 2024

and 30 September 2025

44,000

Amortisation

At 1 October 2024

4,400

Amortisation for year

4,400

At 30 September 2025

8,800

Net book value

At 30 September 2025

35,200

At 30 September 2024

39,600

5.	Tangible fixed assets

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

Cost

At 1 October 2024

13,561

1,892

1,218

16,671

Additions

-

2,947

911

3,858

At 30 September 2025

13,561

4,839

2,129

20,529

Depreciation

At 1 October 2024

1,156

378

244

1,778

Charge for year

1,033

892

377

2,302

At 30 September 2025

2,189

1,270

621

4,080

Net book value

At 30 September 2025

11,372

3,569

1,508

16,449

At 30 September 2024

12,405

1,514

974

14,893

6.

Debtors

30/9/25

30/9/24

£

£

Amounts falling due within one year:

Trade debtors

3,706

1,759

Other debtors

-

624

3,706

2,383

Amounts falling due after more than one year:

Other debtors

9,896

6,800

Aggregate amounts

13,602

9,183

7.

Creditors: amounts falling due within one year

30/9/25

30/9/24

£

£

Bank loans and overdrafts

43,653

-

Trade creditors

581

1,960

Amounts owed to associates

1,815

-

Taxation and social security

15,566

816

Other creditors

80,608

96,215

142,223

98,991