Registered number
12088923
MSZ CAFE LTD
Filleted Accounts
31 July 2023
MSZ CAFE LTD
Registered number: 12088923
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Stocks 4,400 1,980
Debtors 3 35,620 34,508
Cash at bank and in hand 23,681 39,909
63,701 76,397
Creditors: amounts falling due within one year 4 (17,271) (23,960)
Net current assets 46,430 52,437
Total assets less current liabilities 46,430 52,437
Creditors: amounts falling due after more than one year 5 (30,270) (36,337)
Net assets 16,160 16,100
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,060 16,000
Shareholder's funds 16,160 16,100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mustafa ZORLU
Director
Approved by the board on 8 March 2024
MSZ CAFE LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2023 2022
£ £
Prepayments & other debtors 35,620 34,508
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 11,232 11,232
Trade creditors 194 2,093
Taxation and social security costs 5,845 10,635
17,271 23,960
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,270 36,337
6 Other information
MSZ CAFE LTD is a private company limited by shares and incorporated in England. Its registered office is:
439 Downham Way
Bromley
Kent
BR1 5HS
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