Maasai Kitchen Limited 14789429 false 2023-04-10 2024-04-30 2024-04-30 The principal activity of the company is the provision of catering services Digita Accounts Production Advanced 6.30.9574.0 true true 14789429 2023-04-10 2024-04-30 14789429 2024-04-30 14789429 bus:OrdinaryShareClass1 2024-04-30 14789429 core:CurrentFinancialInstruments 2024-04-30 14789429 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14789429 core:FurnitureFittingsToolsEquipment 2024-04-30 14789429 bus:SmallEntities 2023-04-10 2024-04-30 14789429 bus:AuditExemptWithAccountantsReport 2023-04-10 2024-04-30 14789429 bus:FilletedAccounts 2023-04-10 2024-04-30 14789429 bus:SmallCompaniesRegimeForAccounts 2023-04-10 2024-04-30 14789429 bus:RegisteredOffice 2023-04-10 2024-04-30 14789429 bus:Director1 2023-04-10 2024-04-30 14789429 bus:Director2 2023-04-10 2024-04-30 14789429 bus:OrdinaryShareClass1 2023-04-10 2024-04-30 14789429 bus:PrivateLimitedCompanyLtd 2023-04-10 2024-04-30 14789429 core:FurnitureFittingsToolsEquipment 2023-04-10 2024-04-30 14789429 countries:EnglandWales 2023-04-10 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14789429

Maasai Kitchen Limited

Unaudited Filleted Financial Statements

for the Period from 10 April 2023 to 30 April 2024

 

Maasai Kitchen Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Maasai Kitchen Limited

Company Information

Directors

B J T Townley-Evans

G B Galgallo

Registered office

50 Freame Close
Chalford
Stroud
Gloucestershire
GL6 8HG

Accountants

Herbert Lewis Williams & Associates Limited
Chartered Certified Accountants
Leigh Court Business Centre
Abbots Leigh
Bristol
BS8 3RA

 

Maasai Kitchen Limited

(Registration number: 14789429)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,805

Current assets

 

Debtors

5

226

Cash at bank and in hand

 

1,012

 

1,238

Creditors: Amounts falling due within one year

6

(7,410)

Net current liabilities

 

(6,172)

Net liabilities

 

(4,367)

Capital and reserves

 

Called up share capital

7

2

Retained earnings

(4,369)

Shareholders' deficit

 

(4,367)

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 

.........................................
B J T Townley-Evans
Director

 

Maasai Kitchen Limited

Notes to the Unaudited Financial Statements for the Period from 10 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
50 Freame Close
Chalford
Stroud
Gloucestershire
GL6 8HG
England and Wales

These financial statements were authorised for issue by the Board on 14 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Maasai Kitchen Limited

Notes to the Unaudited Financial Statements for the Period from 10 April 2023 to 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Maasai Kitchen Limited

Notes to the Unaudited Financial Statements for the Period from 10 April 2023 to 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,122

2,122

At 30 April 2024

2,122

2,122

Depreciation

Charge for the period

317

317

At 30 April 2024

317

317

Carrying amount

At 30 April 2024

1,805

1,805

5

Debtors

Current

2024
£

Prepayments

226

 

226

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

960

Other creditors

6,450

7,410

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary share of £1 each

2

2