Abbreviated Company Accounts - PIZZA & SPAGHETTI HOUSE LIMITED

Abbreviated Company Accounts - PIZZA & SPAGHETTI HOUSE LIMITED

PIZZA & SPAGHETTI HOUSE LIMITED - Company Information

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Registered Number SC303514

PIZZA & SPAGHETTI HOUSE LIMITED

Abbreviated Accounts

31 October 2014

PIZZA & SPAGHETTI HOUSE LIMITED Registered Number SC303514

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,188,278 2,193,602
2,188,278 2,193,602
Current assets
Stocks 15,000 15,000
Debtors 49,283 78,001
Cash at bank and in hand 14,445 17,145
78,728 110,146
Creditors: amounts falling due within one year (120,384) (149,919)
Net current assets (liabilities) (41,656) (39,773)
Total assets less current liabilities 2,146,622 2,153,829
Creditors: amounts falling due after more than one year (153,333) (173,333)
Provisions for liabilities (2,696) (3,203)
Total net assets (liabilities) 1,990,593 1,977,293
Capital and reserves
Called up share capital 103 103
Share premium account 2,000,000 2,000,000
Profit and loss account (9,510) (22,810)
Shareholders' funds 1,990,593 1,977,293
  • For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 October 2015

And signed on their behalf by:
Mr E Crolla, Director

PIZZA & SPAGHETTI HOUSE LIMITED Registered Number SC303514

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows :
Fixtures, Fittings and Equipment - 25% Reducing Balance
Land and Buildings - Not Depreciated In Year

2Tangible fixed assets
£
Cost
At 1 November 2013 2,233,563
Additions 3,975
Disposals -
Revaluations -
Transfers -
At 31 October 2014 2,237,538
Depreciation
At 1 November 2013 39,961
Charge for the year 9,299
On disposals -
At 31 October 2014 49,260
Net book values
At 31 October 2014 2,188,278
At 31 October 2013 2,193,602