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REGISTERED NUMBER: 08676598 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

La Macchina Cafe Ltd

La Macchina Cafe Ltd (Registered number: 08676598)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


La Macchina Cafe Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr. M Ottoy





REGISTERED OFFICE: Suite 3
Falcon Court Business Centre
College Road
Maidstone
Kent
ME15 6TF





REGISTERED NUMBER: 08676598 (England and Wales)





ACCOUNTANTS: Skyfire Accountancy Ltd
The Old Rectory
Springhead Road
Northfleet
Kent
DA11 8HN

La Macchina Cafe Ltd (Registered number: 08676598)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 411 822
Investments 6 2,592 50
3,003 872

CURRENT ASSETS
Stocks 5,848 48,471
Debtors 56,090 34,046
Cash at bank and in hand 13,635 29,575
75,573 112,092
CREDITORS
Amounts falling due within one year 41,227 98,795
NET CURRENT ASSETS 34,346 13,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,349

14,169

CREDITORS
Amounts falling due after more than one
year

5,500

7,500
NET ASSETS 31,849 6,669

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,749 6,569
31,849 6,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

La Macchina Cafe Ltd (Registered number: 08676598)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





Mr. M Ottoy - Director


La Macchina Cafe Ltd (Registered number: 08676598)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

La Macchina Cafe Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Revenue from the sale of goods is recognised at the earlier of an invoice being raised against an order or the goods being dispatched to the customer.

Revenue from the sale of services is recognised at the point at which the services have been provided to the customer.

Dividend income is recognised when the right to receive payment is established.

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 - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

La Macchina Cafe Ltd (Registered number: 08676598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 2,687
DEPRECIATION
At 1 April 2022 1,865
Charge for year 411
At 31 March 2023 2,276
NET BOOK VALUE
At 31 March 2023 411
At 31 March 2022 822

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 50
Additions 2,542
At 31 March 2023 2,592
NET BOOK VALUE
At 31 March 2023 2,592
At 31 March 2022 50

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr. M Ottoy
Balance outstanding at start of year - 2,518
Amounts repaid - (2,518 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director is made free of interest and is repayable on demand.

La Macchina Cafe Ltd (Registered number: 08676598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RELATED PARTY DISCLOSURES

During the period the company loaned £7,500 to an associated company. At the year end the amount owed from associated companies was £24,500 (2022: £17,000). The loans are included within debtors due within one year, are free of interest and repayable on demand.

During the period the company borrowed £13,856 from an associated company. At the year end the amount owed to associated companies was £13,856 (2022: £0). The loan is included within creditors due within one year, is free of interest and repayable on demand.

During the period the company borrowed £6,579 from a director. At the year end the amount owed to directors was £6,581 (2022: £2). The loan is included within creditors due within one year, is free of interest and repayable on demand.

9. COVID-19 BUSINESS SUPPORT

The company received £0 (2022: £187) of grants covering a portion of the interest due on the Bounce Back loan during the period. No conditions or other contingencies have been applied to the grant.