S R Pizza Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06941836 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 JULY 2012 TO 31 DECEMBER 2013

FOR

S R PIZZA LIMITED (NOW KNOWN AS

CRS PONTYCLUN LIMITED)

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

P D Bevan

Mrs T D Bevan

REGISTERED OFFICE:

28 Sunny Road

Port Talbot

SA12 6JD

REGISTERED NUMBER:

06941836 (England and Wales)

ACCOUNTANTS:

WBV Limited

The Third Floor,

Langdon House, Langdon Road

SA1 Swansea Waterfront

Swansea

West Glamorgan

SA1 8QY

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to seven) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of S R Pizza Limited (now known as CRS Pontyclun Limited) for the period

ended 31 December 2013 which comprise the Profit and Loss Account, the Balance Sheet and the related

notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of S R Pizza Limited (now known as CRS Pontyclun

Limited), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to

prepare for your approval the financial statements of S R Pizza Limited (now known as CRS Pontyclun

Limited) and state those matters that we have agreed to state to the Board of Directors of S R Pizza Limited

(now known as CRS Pontyclun Limited), as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility

to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S R Pizza Limited (now known as CRS Pontyclun Limited) has kept adequate

accounting records and to prepare statutory financial statements that give a true and fair view of the

assets, liabilities, financial position and loss of S R Pizza Limited (now known as CRS Pontyclun Limited). You

consider that S R Pizza Limited (now known as CRS Pontyclun Limited) is exempt from the statutory audit

requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of S R Pizza

Limited (now known as CRS Pontyclun Limited). For this reason, we have not verified the accuracy or

completeness of the accounting records or information and explanations you have given to us and we do

not, therefore, express any opinion on the statutory financial statements.

WBV Limited

The Third Floor,

Langdon House, Langdon Road

SA1 Swansea Waterfront

Swansea

West Glamorgan

SA1 8QY

30 May 2014

FIXED ASSETS

Intangible assets

2

10,125

12,375

Tangible assets

3

126,573

161,837

136,698

174,212

CURRENT ASSETS

Stocks

2,363

2,594

Debtors

22,588

17,059

Cash at bank and in hand

25,377

53,689

50,328

73,342

CREDITORS

Amounts falling due within one year

4

258,063

131,987

NET CURRENT LIABILITIES

(207,735

)

(58,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,037

)

115,567

CREDITORS

Amounts falling due after more than one year

4

-

173,512

NET LIABILITIES

(71,037

)

(57,945

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(71,137

)

(58,045

)

SHAREHOLDERS' FUNDS

(71,037

)

(57,945

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2013 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 30 May 2014 and were signed on its behalf by:

P D Bevan - Director

Mrs T D Bevan - 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

Revenue is recognised at the point of sale to the customer, 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.

Long leasehold

-

equal instalments over the lease period

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

Franchise fee

The franchise fee and related costs are capitalised and amortised over the term of the agreement of

ten years.

Going concern

The financial statements have been prepared on a going concern basis on the presumption that

continued support will be made available to the company from shareholders, directors and creditors

to enable the company to meet its liabilities as they fall due.

The directors consider that the next twelve months of trading will be challenging, however, from

interim information prepared, and the sector in which they operate, they do expect improved

trading results in forthcoming periods.

The company's ability to meet its future working capital requirements and therefore its ability to

continue as a going concern is dependent on its ability, to achieve its sales objectives and generate

sufficient revenues and free cash flows from its trading activities to meet its requirements.

Whilst inherently there is uncertainty in relation to the above matters, the directors consider it

appropriate for the accounts to be prepared on a going concern basis. If the company is unable to

generate sufficient revenue and free cash flows, then it would be unable to continue as a going

concern.

Adjustments would have to be made to reduce the balance sheet value of assets to their

recoverable amounts and to provide for the further liabilities that might arise and to reclassify fixed

assets and any long-term liabilities as current assets and liabilities but sch adjustments have not

been made in these financial statements.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2012

and 31 December 2013

15,000

AMORTISATION

At 1 July 2012

2,625

Amortisation for period

2,250

At 31 December 2013

4,875

NET BOOK VALUE

At 31 December 2013

10,125

At 30 June 2012

12,375

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2012

and 31 December 2013

210,724

DEPRECIATION

At 1 July 2012

48,887

Charge for period

35,264

At 31 December 2013

84,151

NET BOOK VALUE

At 31 December 2013

126,573

At 30 June 2012

161,837

4.

CREDITORS

Creditors include an amount of £ 0 (2012 - £ 197,445 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013

2012

£

£

Repayable by instalments

-

53,848

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE PARENT COMPANY

PTB (Holdings) Limited is regarded by the directors as being the company's ultimate parent

company.

Mr and Mrs Bevan are the sole directors and shareholders of PTB (Holdings) Limited.