Company Registration No. 09814528 (England and Wales)
Mexigo Burrito Bar LTD
Unaudited accounts
for the year ended 31 October 2023
Mexigo Burrito Bar LTD
Unaudited accounts
Contents
Mexigo Burrito Bar LTD
Company Information
for the year ended 31 October 2023
Directors
Mrs Lynda Mary Turnbull
Mr Ian Mervyn Rayner
Secretary
Power Secretaries Ltd
Company Number
09814528 (England and Wales)
Registered Office
C/O Power Accountax Ltd Mailbox 3
Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
United Kingdom
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Mexigo Burrito Bar LTD
Statement of financial position
as at 31 October 2023
Tangible assets
26,135
25,566
Cash at bank and in hand
34,637
72,809
Creditors: amounts falling due within one year
(93,141)
(103,951)
Net current (liabilities)/assets
(44,705)
16,088
Net (liabilities)/assets
(17,572)
42,652
Called up share capital
2
2
Profit and loss account
(17,574)
42,650
Shareholders' funds
(17,572)
42,652
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Mrs Lynda Mary Turnbull
Director
Company Registration No. 09814528
Mexigo Burrito Bar LTD
Notes to the Accounts
for the year ended 31 October 2023
Mexigo Burrito Bar LTD is a private company, limited by shares, registered in England and Wales, registration number 09814528. The registered office is C/O Power Accountax Ltd Mailbox 3, Solent Business Centre, 343 Millbrook Road West, Southampton, SO15 0HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance method
Motor vehicles
25% Reducing balance method
Fixtures & fittings
25% Reducing balance method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
23,889
2,288
29,123
55,300
Additions
3,772
-
5,507
9,279
At 31 October 2023
27,661
2,288
34,630
64,579
At 1 November 2022
6,930
1,207
21,597
29,734
Charge for the year
5,182
270
3,258
8,710
At 31 October 2023
12,112
1,477
24,855
38,444
At 31 October 2023
15,549
811
9,775
26,135
At 31 October 2022
16,959
1,081
7,526
25,566
Mexigo Burrito Bar LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Investments
Other investments
Valuation at 1 November 2022
998
Valuation at 31 October 2023
998
Amounts falling due within one year
Amounts due from group undertakings etc.
-
38,228
Accrued income and prepayments
1,226
-
Other debtors
10,586
7,433
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,890
12,457
Amounts owed to group undertakings and other participating interests
46,424
47,119
Taxes and social security
2,471
13,303
Loans from directors
715
88
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amount owed to the Director
(88)
-
627
(715)
9
Transactions with related parties
Mexigo Burrito Bar Limited was owed £37,516 from Mexigo (Winchester) Ltd. As Mexigo Winchester has stopped trading in November 2023, the intercompany balance has been written off.
10
Average number of employees
During the year the average number of employees was 34 (2022: 32).