Da Paolo Restaurant Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05109453 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

Da Paolo Restaurant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr C A Da Camara Maia

Mrs A Gorelik

REGISTERED OFFICE:

Units SCF 1 & 2 South Core

Western Int Market

Hayes Road

Southall

Middlesex

UB2 5XJ

REGISTERED NUMBER:

05109453 (England and Wales)

ACCOUNTANTS:

Cooper Dawn Jerrom Limited

Chartered Accountants

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,887

28,968

23,887

28,968

CURRENT ASSETS

Stocks

31,500

31,500

Debtors

6

69,089

79,258

Cash at bank and in hand

590,752

292,821

691,341

403,579

CREDITORS

Amounts falling due within one year

7

(262,409

)

(139,841

)

NET CURRENT ASSETS

428,932

263,738

TOTAL ASSETS LESS CURRENT LIABILITIES

452,819

292,706

CREDITORS

Amounts falling due after more than one year

8

(27,058

)

(34,609

)

NET ASSETS

425,761

258,097

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

425,661

257,997

SHAREHOLDERS' FUNDS

425,761

258,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 27 July 2023 and were signed on its behalf by:

Mr C A Da Camara Maia - Director

1.	STATUTORY INFORMATION

Da Paolo Restaurant 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 2010, is being amortised evenly over its estimated useful life of ten 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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

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 17 (2021 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2021

and 31 October 2022

176,500

AMORTISATION

At 1 November 2021

and 31 October 2022

176,500

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2021

and 31 October 2022

33,565

47,058

13,452

94,075

DEPRECIATION

At 1 November 2021

24,875

29,788

10,444

65,107

Charge for year

1,738

2,591

752

5,081

At 31 October 2022

26,613

32,379

11,196

70,188

NET BOOK VALUE

At 31 October 2022

6,952

14,679

2,256

23,887

At 31 October 2021

8,690

17,270

3,008

28,968

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

9,428

19,621

Other debtors

59,661

59,637

69,089

79,258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade creditors

9,952

9,044

Taxation and social security

202,056

73,334

Other creditors

50,401

57,463

262,409

139,841

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.22

31.10.21

£

£

Other creditors

27,058

34,609

9.

RESERVES

Retained

earnings

£

At 1 November 2021

257,997

Profit for the year

530,134

Dividends

(362,470

)

At 31 October 2022

425,661

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22

31.10.21

£

£

Mr C A Da Camara Maia

Balance outstanding at start of year

40,385

40,385

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,385

40,385

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C A Da Camara Maia.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Da Paolo Restaurant Limited for the year ended 31 October 2022 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Da Paolo Restaurant 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 Da Paolo Restaurant Limited and state those matters that we have agreed to state to the Board of Directors of Da Paolo Restaurant Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Da Paolo Restaurant Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Da Paolo Restaurant 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 profit of Da Paolo Restaurant Limited. You consider that Da Paolo Restaurant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Da Paolo Restaurant 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.

Cooper Dawn Jerrom Limited

Chartered Accountants

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

27 July 2023