THE WILD PIZZA COMPANY LIMITED
THE WILD PIZZA COMPANY LIMITED
Registered number: 12003990
Unaudited Financial Statements
For The Year Ended 31 May 2023
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
THE WILD PIZZA COMPANY LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2023
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
THE WILD PIZZA COMPANY LIMITED
Balance Sheet
As At
31 May 2023
Balance Sheet
Registered number:
12003990
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 as restated |
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (50,291) | (24,918) | |||
THE WILD PIZZA COMPANY LIMITED
Balance Sheet (continued)
As At
31 May 2023
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
THE WILD PIZZA COMPANY LIMITED
Notes to the Financial Statements
For The Year Ended 31 May 2023
Notes to the Financial Statements
1.
General Information
THE WILD PIZZA COMPANY LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
12003990
. The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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| Computer Equipment |
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On review is was noted that Leasehold Improvements had previously been shown in the Financial Statements as Fixture & Fittings, which was incorrect. They are now shown correctly, and the comparatives have been restated.
2.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 22)
4.
Tangible Assets
| Land & Property | ||||
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| Leasehold | Plant & Machinery | Computer Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 June 2022 |
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| Additions |
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| As at 31 May 2023 |
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| Depreciation | ||||
| As at 1 June 2022 |
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| Provided during the period |
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| As at 31 May 2023 |
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| Net Book Value | ||||
| As at 31 May 2023 |
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| As at 1 June 2022 |
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THE WILD PIZZA COMPANY LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2023
5.
Stocks
| 2023 | 2022 as restated |
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| £ | £ | ||
| Stock |
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6.
Debtors
| 2023 | 2022 as restated |
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| VAT | - |
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| Due after more than one year | |||
| Other debtors |
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7.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 as restated |
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Net wages | 5,598 | - | |
| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 as restated |
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| £ | £ | ||
| Bank loans |
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| Other creditors | - |
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THE WILD PIZZA COMPANY LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2023