Registered number
11043137
Cafe Maz Ltd
Filleted Accounts
30 November 2023
Cafe Maz Ltd
Registered number: 11043137
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,539 20,170
Current assets
Stocks 3,980 3,495
Debtors 4 6,963 6,500
Cash at bank and in hand 4,687 4,110
15,630 14,105
Creditors: amounts falling due within one year 5 (17,541) (11,967)
Net current (liabilities)/assets (1,911) 2,138
Total assets less current liabilities 14,628 22,308
Creditors: amounts falling due after more than one year 6 (55,491) (18,841)
Net (liabilities)/assets (40,863) 3,467
Capital and reserves
Called up share capital 100 100
Profit and loss account (40,963) 3,367
Shareholders' funds (40,863) 3,467
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Sinan Zorlu
Director
Approved by the board on 9 August 2024
Cafe Maz Ltd
Notes to the Accounts
for the year ended 30 November 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 sale of 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value,@18% per annum (reducing balance method).
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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 6 5
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 December 2022 23,172
At 30 November 2023 23,172
Depreciation
At 1 December 2022 3,002
Charge for the year 3,631
At 30 November 2023 6,633
Net book value
At 30 November 2023 16,539
At 30 November 2022 20,170
4 Debtors 2023 2022
£ £
Prepayments & other debtors 6,963 6,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 8,940 8,940
Trade creditors 450 959
Corporation tax - 287
Other taxes and social security costs 673 1,438
Accrued expenses & other creditors 7,478 343
17,541 11,967
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,727 18,841
Other creditors 43,764 -
55,491 18,841
7 Other information
Cafe Maz Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Station Square
Orpingtpon
Kent
BR5 1NA
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