| Pizzuto Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
Tangible fixed assets |
|
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 over its expected useful life, as follows: |
|
|
Equipment |
25% reducing balance |
|
|
Investments |
|
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the fair value reserve. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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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. |
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Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 April 2025 |
12,711 |
|
Disposals |
(24) |
|
At 31 March 2026 |
12,687 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
5,746 |
|
Charge for the year |
1,740 |
|
On disposals |
(21) |
|
At 31 March 2026 |
7,465 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
5,222 |
|
At 31 March 2025 |
6,965 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2025 |
90,391 |
|
Change in fair value |
58,607 |
|
|
At 31 March 2026 |
148,998 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
8,594 |
|
7,572 |
|
Other creditors |
1,052 |
|
1,108 |
|
|
|
|
|
|
9,646 |
|
8,680 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Fair value reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 April 2025 |
(9,604) |
|
- |
|
Change in fair value of investments |
58,607 |
|
(9,604) |
|
|
At 31 March 2026 |
49,003 |
|
(9,604) |
|
|
|
|
|
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|
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| 8 |
Other information |
|
|
Pizzuto Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Orchard Corner |
|
Freight Lane |
|
Cranbrook |
|
TN17 3PF |