IRIS Accounts Production v24.1.9.2 11433880 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false 750 1942 53614 1192 40364 750 750 1942 53614 1192 40364 750 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114338802022-09-30114338802023-09-30114338802022-10-012023-09-30114338802021-09-30114338802021-10-012022-09-30114338802022-09-3011433880ns15:EnglandWales2022-10-012023-09-3011433880ns14:PoundSterling2022-10-012023-09-3011433880ns10:Director12022-10-012023-09-3011433880ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3011433880ns10:SmallEntities2022-10-012023-09-3011433880ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3011433880ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3011433880ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3011433880ns10:AbridgedAccounts2022-10-012023-09-301143388012022-10-012023-09-301143388041ns10:Director12022-09-301143388041ns10:Director12021-09-301143388041ns10:Director12022-10-012023-09-301143388041ns10:Director12021-10-012022-09-301143388041ns10:Director12023-09-301143388041ns10:Director12022-09-3011433880ns10:Director22022-10-012023-09-3011433880ns10:RegisteredOffice2022-10-012023-09-3011433880ns5:CurrentFinancialInstruments2023-09-3011433880ns5:CurrentFinancialInstruments2022-09-3011433880ns5:Non-currentFinancialInstruments2023-09-3011433880ns5:Non-currentFinancialInstruments2022-09-3011433880ns5:ShareCapital2023-09-3011433880ns5:ShareCapital2022-09-3011433880ns5:RetainedEarningsAccumulatedLosses2023-09-3011433880ns5:RetainedEarningsAccumulatedLosses2022-09-3011433880ns5:NetGoodwill2022-10-012023-09-3011433880ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3011433880ns5:PlantMachinery2022-10-012023-09-3011433880ns5:Secured2023-09-3011433880ns5:Secured2022-09-3011433880ns10:Director222022-09-3011433880ns10:Director222021-09-3011433880ns10:Director222022-10-012023-09-3011433880ns10:Director222021-10-012022-09-3011433880ns10:Director222023-09-3011433880ns10:Director222022-09-30
REGISTERED NUMBER: 11433880 (England and Wales)















Maxwell's Cafe Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Maxwell's Cafe Limited (Registered number: 11433880)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Maxwell's Cafe Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D W H Morris
Mrs A L J Morris



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 11433880 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank Plc
79 High Street
Chesham
Buckinghamshire
HP5 1BT

Maxwell's Cafe Limited (Registered number: 11433880)

Abridged Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 18,687 22,623
Tangible assets 6 34,877 40,732
53,564 63,355

CURRENT ASSETS
Stocks 1,050 1,050
Debtors 1,025 2,335
Cash at bank and in hand 7,044 6,035
9,119 9,420
CREDITORS
Amounts falling due within one year 58,755 20,457
NET CURRENT LIABILITIES (49,636 ) (11,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,928

52,318

CREDITORS
Amounts falling due after more than one year 35,602 72,864
NET LIABILITIES (31,674 ) (20,546 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,774 ) (20,646 )
SHAREHOLDERS' FUNDS (31,674 ) (20,546 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Maxwell's Cafe Limited (Registered number: 11433880)

Abridged Statement of Financial Position - continued
30 September 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 Statement of Financial Position for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mrs A L J Morris - Director


Maxwell's Cafe Limited (Registered number: 11433880)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Maxwell's Cafe 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. 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.

These financial statements have been prepared on the going concern basis based on the continued support of it's directors.

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 2018, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Maxwell's Cafe Limited (Registered number: 11433880)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 39,359
AMORTISATION
At 1 October 2022 16,736
Amortisation for year 3,936
At 30 September 2023 20,672
NET BOOK VALUE

At 30 September 2023 18,687
At 30 September 2022 22,623

Maxwell's Cafe Limited (Registered number: 11433880)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 77,170
DEPRECIATION
At 1 October 2022 36,438
Charge for year 5,855
At 30 September 2023 42,293
NET BOOK VALUE
At 30 September 2023 34,877
At 30 September 2022 40,732

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2022
and 30 September 2023 44,000
DEPRECIATION
At 1 October 2022 21,897
Charge for year 3,315
At 30 September 2023 25,212
NET BOOK VALUE
At 30 September 2023 18,788
At 30 September 2022 22,103

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 15,827 29,334
Hire purchase contracts 35,466 61,287
51,293 90,621

The secured bank loan relates to a government backed bounce back loan.

The hire purchase is secured over specific assets to which they relate to.

Maxwell's Cafe Limited (Registered number: 11433880)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
D W H Morris and Mrs A L J Morris
Balance outstanding at start of year 750 1,942
Amounts repaid (53,614 ) (1,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (40,364 ) 750