The St Ives Pizza Company Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08242106 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

THE ST IVES PIZZA COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N J Gower

Ms S Thornton

I S Crocker

Mrs C S Crocker

SECRETARY:

REGISTERED OFFICE:

7c Penbeagle Industrial Estate

St. Ives

England

Cornwall

TR26 2JH

REGISTERED NUMBER:

08242106 (England and Wales)

ACCOUNTANTS:

Greenwood Wilson

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

FIXED ASSETS

Tangible assets

2

10,806

10,757

CURRENT ASSETS

Stocks

2,005

1,977

Debtors

1,476

1,434

Cash at bank and in hand

10,680

10,733

14,161

14,144

CREDITORS

Amounts falling due within one year

45,250

51,854

NET CURRENT LIABILITIES

(31,089

)

(37,710

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,283

)

(26,953

)

CAPITAL AND RESERVES

Called up share capital

3

102

102

Profit and loss account

(20,385

)

(27,055

)

SHAREHOLDERS' FUNDS

(20,283

)

(26,953

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 November 2015 and were signed on its behalf by:

Ms S Thornton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

10% on reducing balance

Fixtures and fittings

-

10% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

11,952

Additions

1,500

At 31 March 2015

13,452

DEPRECIATION

At 1 April 2014

1,195

Charge for year

1,451

At 31 March 2015

2,646

NET BOOK VALUE

At 31 March 2015

10,806

At 31 March 2014

10,757

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

102

102