ACCOUNTS - Final Accounts


Caseware UK (AP4) 2016.0.181 2016.0.1812017-09-302017-09-30The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2016-10-01Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.096039682016-10-012017-09-30096039682015-05-222016-09-30096039682017-09-30096039682016-09-3009603968 c:Director1 2016-10-012017-09-3009603968 d:Buildings d:LongLeaseholdAssets 2016-10-012017-09-3009603968 d:Buildings d:LongLeaseholdAssets 2017-09-3009603968 d:Buildings d:LongLeaseholdAssets 2016-09-3009603968 d:OfficeEquipment 2016-10-012017-09-3009603968 d:OfficeEquipment 2017-09-3009603968 d:OfficeEquipment 2016-09-3009603968 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-10-012017-09-3009603968 d:OtherPropertyPlantEquipment 2016-10-012017-09-3009603968 d:OtherPropertyPlantEquipment 2017-09-3009603968 d:OtherPropertyPlantEquipment 2016-09-3009603968 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2016-10-012017-09-3009603968 d:OwnedOrFreeholdAssets 2016-10-012017-09-3009603968 d:CurrentFinancialInstruments 2017-09-3009603968 d:CurrentFinancialInstruments 2016-09-3009603968 d:Non-currentFinancialInstruments 2017-09-3009603968 d:Non-currentFinancialInstruments 2016-09-3009603968 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-3009603968 d:CurrentFinancialInstruments d:WithinOneYear 2016-09-3009603968 d:ShareCapital 2017-09-3009603968 d:ShareCapital 2016-09-3009603968 d:RetainedEarningsAccumulatedLosses 2017-09-3009603968 d:RetainedEarningsAccumulatedLosses 2016-09-3009603968 c:OrdinaryShareClass1 2016-10-012017-09-3009603968 c:OrdinaryShareClass1 2017-09-3009603968 c:FRS102 2016-10-012017-09-3009603968 c:AuditExempt-NoAccountantsReport 2016-10-012017-09-3009603968 c:FullAccounts 2016-10-012017-09-3009603968 c:PrivateLimitedCompanyLtd 2016-10-012017-09-3009603968 d:KeyManagementIndividualGroup1 2016-10-012017-09-3009603968 d:KeyManagementIndividualGroup1 2017-09-30xbrli:sharesiso4217:GBPxbrli:pure

Registered number: 09603968
















DOUGH PIZZA LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2017

































DOUGH PIZZA LIMITED
REGISTERED NUMBER:09603968

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2017

2017
2016
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
38,939
33,758

  
38,939
33,758

CURRENT ASSETS
  

Stocks
  
10,000
-

Debtors: amounts falling due after more than one year
 5 
16,250
16,250

Debtors: amounts falling due within one year
 5 
23,311
19,368

Cash at bank and in hand
  
88,865
16,800

  
138,426
52,418

Creditors: amounts falling due within one year
 6 
(187,942)
(104,369)

NET CURRENT LIABILITIES
  
 
 
(49,516)
 
 
(51,951)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(10,577)
(18,193)

  

NET LIABILITIES
  
(10,577)
(18,193)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
80
80

Profit and loss account
  
(10,657)
(18,273)

  
(10,577)
(18,193)













 
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DOUGH PIZZA LIMITED
REGISTERED NUMBER:09603968
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2017

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M Nucaro
Director

Date: 19 January 2018
The notes on pages 3 to 8 form part of these financial statements.

Page 2


DOUGH PIZZA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1.


GENERAL INFORMATION

Dough Pizza Limited is a limited company, limited by shares, incorporated in England within the United Kingdom. The registered office of the company is 16 Queen Square, Bristol, United Kingdom, BS1 4NT and the registered number is 09603968.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Information on the impact of first-time adoption of FRS 102 is given in note 10.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

These accounts have been prepared on a going concern basis. The directors have agreed to
continue to support the company as necessary.

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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DOUGH PIZZA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.ACCOUNTING POLICIES (continued)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis..

Depreciation is provided on the following basis:

Leasehold Improvements
-
10 Years Straight Line
Computer equipment
-
25% Reducing Balance
Catering and kitchen equipment
-
20% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted averagebasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid
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DOUGH PIZZA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.ACCOUNTING POLICIES (continued)


2.8
FINANCIAL INSTRUMENTS (CONTINUED)

or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 
2.9

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 22 May 2015 to continue to be charged over the period to the first market rent review rather than the term of the lease.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 11 (2016: 11).

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DOUGH PIZZA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

4.


TANGIBLE FIXED ASSETS





Leasehold Improvements
Computer Equipment
Catering & Kitchen Equipment
Total

£
£
£
£



COST OR VALUATION


At 1 October 2016
21,113
356
15,732
37,201


Additions
7,773
1,895
1,497
11,165



At 30 September 2017

28,886
2,251
17,229
48,366



DEPRECIATION


At 1 October 2016
1,441
30
1,972
3,443


Charge for the year on owned assets
2,694
488
2,802
5,984



At 30 September 2017

4,135
518
4,774
9,427



NET BOOK VALUE



At 30 September 2017
24,751
1,733
12,455
38,939



At 30 September 2016
19,672
326
13,760
33,758

Page 6


DOUGH PIZZA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

5.


DEBTORS

2017
2016
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
16,250
16,250

16,250
16,250


2017
2016
£
£

DUE WITHIN ONE YEAR

Other debtors
265
40

Prepayments and accrued income
23,046
19,328

23,311
19,368



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017
2016
£
£

Trade creditors
36,754
16,535

Other taxation and social security
26,955
3,417

Other creditors
113,364
82,604

Accruals and deferred income
10,869
1,813

187,942
104,369



7.


SHARE CAPITAL

2017
2016
£
£
SHARES CLASSIFIED AS EQUITY

ALLOTTED, CALLED UP AND FULLY PAID



80 Ordinary Shares shares of £1 each
80
80


8.


RELATED PARTY TRANSACTIONS

At the year end, an amount of £113,364 (2016: £81,031) was owed to the directors. This amount is interest free and has no fixed date for repayment.

Page 7


DOUGH PIZZA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

9.


FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
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