Pizza Italia Carlton Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11871073 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pizza Italia Carlton Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N Golbazkazran

Mr F Amirzahiri

SECRETARY:

REGISTERED OFFICE:

59 Handel Street

Carlton

Nottingham

NG3 1JE

REGISTERED NUMBER:

11871073 (England and Wales)

ACCOUNTANTS:

M Ahmed & Co

Chartered Accountants

83 Park Road

Chilwell

Nottingham

NG9 4DE

FIXED ASSETS

Intangible assets

4

10,500

12,000

Tangible assets

5

1,341

1,396

11,841

13,396

CURRENT ASSETS

Stocks

2,500

2,200

Debtors

6

22,000

5,000

Cash at bank and in hand

17,408

65,707

41,908

72,907

CREDITORS

Amounts falling due within one year

7

49,409

53,148

NET CURRENT (LIABILITIES)/ASSETS

(7,501

)

19,759

TOTAL ASSETS LESS CURRENT LIABILITIES

4,340

33,155

CREDITORS

Amounts falling due after more than one year

8

13,392

19,230

NET (LIABILITIES)/ASSETS

(9,052

)

13,925

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

(9,054

)

13,923

SHAREHOLDERS' FUNDS

(9,052

)

13,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 16 November 2023 and were signed on its behalf by:

Ms N Golbazkazran - Director

1.	STATUTORY INFORMATION

Pizza Italia Carlton 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.

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery etc

-

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.

Taxation

Taxation for the year comprises current 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 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.

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 5 (2022 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

15,000

AMORTISATION

At 1 April 2022

3,000

Charge for year

1,500

At 31 March 2023

4,500

NET BOOK VALUE

At 31 March 2023

10,500

At 31 March 2022

12,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

3,313

DEPRECIATION

At 1 April 2022

1,637

Charge for year

335

At 31 March 2023

1,972

NET BOOK VALUE

At 31 March 2023

1,341

At 31 March 2022

1,676

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Amounts owed by associates

22,000

5,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

6,000

6,000

Tax

(2,607

)

7,518

VAT

11,130

6,132

Other creditors

-

252

Directors' current accounts

34,586

32,946

Accrued expenses

300

300

49,409

53,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans - 1-2 years

6,000

6,000

Bank loans - 2-5 years

7,392

13,230

13,392

19,230

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2022

13,923

Deficit for the year

(12,977

)

Dividends

(10,000

)

At 31 March 2023

(9,054

)