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REGISTERED NUMBER: 03375906 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

CAFE DES AMIS DU MEXIQUE LIMITED

CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAFE DES AMIS DU MEXIQUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: W J Betham
Mrs. E Betham
D N Lewis





REGISTERED OFFICE: 2 Westgate Grove
Canterbury
Kent
CT2 8AA





REGISTERED NUMBER: 03375906 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 79,168 83,747
Investments 6 186,241 186,241
265,409 269,988

CURRENT ASSETS
Stocks 23,376 19,979
Debtors 7 546,108 473,249
Cash at bank and in hand 152,319 131,763
721,803 624,991
CREDITORS
Amounts falling due within one year 8 257,869 240,191
NET CURRENT ASSETS 463,934 384,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,343

654,788

CREDITORS
Amounts falling due after more than one
year

9

(17,076

)

(30,718

)

PROVISIONS FOR LIABILITIES (15,437 ) (12,138 )
NET ASSETS 696,830 611,932

CAPITAL AND RESERVES
Called up share capital 2,800 2,800
Retained earnings 694,030 609,132
SHAREHOLDERS' FUNDS 14 696,830 611,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

BALANCE SHEET - continued
30TH APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2024 and were signed on its behalf by:




W J Betham - Director



Mrs. E Betham - Director


CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Cafe Des Amis Du Mexique 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's functional currency is the Pound Sterling (£).

The principal activity of the Company is that of restauranteurs.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transactions will flow in the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
The purchased goodwill was amortised over 25 years. Although it should now be reduced to a maximum life of 5 years the Directors have not made any adjustment as this is the approximate remaining life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over life of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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 balance sheet date.

CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 11,500
AMORTISATION
At 1st May 2023
and 30th April 2024 11,500
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 44,198 90,404 67,204 10,668 212,474
Additions - 8,254 12,316 1,748 22,318
Disposals - (6,513 ) (12,654 ) (5,301 ) (24,468 )
At 30th April 2024 44,198 92,145 66,866 7,115 210,324
DEPRECIATION
At 1st May 2023 24,752 53,089 47,820 3,066 128,727
Charge for year 1,768 6,367 4,171 1,812 14,118
Eliminated on disposal - (4,342 ) (4,820 ) (2,527 ) (11,689 )
At 30th April 2024 26,520 55,114 47,171 2,351 131,156
NET BOOK VALUE
At 30th April 2024 17,678 37,031 19,695 4,764 79,168
At 30th April 2023 19,446 37,315 19,384 7,602 83,747

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023
and 30th April 2024 186,241
NET BOOK VALUE
At 30th April 2024 186,241
At 30th April 2023 186,241

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 546,108 473,249

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,635 13,636
Trade creditors 63,767 76,366
Taxation and social security 165,667 132,896
Other creditors 14,800 17,293
257,869 240,191

CAFE DES AMIS DU MEXIQUE LIMITED (REGISTERED NUMBER: 03375906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,076 30,718

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Barclays loan 30,711 44,355

The Barclays Loan is a Coronavirus Business Interruption Loan which is guaranteed by the government.

11. OTHER FINANCIAL COMMITMENTS

Pension
The company contributes to personal pension plans for each individual employee. The amount outstanding at year end amounted to £Nil (2023: £Nil).

12. RELATED PARTY DISCLOSURES

The Company's Trade Investment represents sums paid by way of loan to a US Limited Liability Corporation for the purpose of establishing a café/restaurant business in Hawaii. The directors W Betham & Mrs E Betham hold an equity interest in this Corporation. The value of this investment may have suffered a diminution in value, but the Directors consider this to be of a temporary nature.

Rent of £36,000 (2023 £36,000 ) was paid in the year under a lease of the restaurant premises, the freehold of which is owned by the Directors W Betham & Mrs E Betham.

During the period the company supplied goods and services totalling £Nil (2023 £Nil) to Café du Soleil Limited, and received goods and services totalling £Nil (2023 £Nil). The Directors have a majority shareholding in this Company. At the year end the Company was owed £169,968 (2023 £143,376) by Café du Soleil Limited.

13. ULTIMATE CONTROLLING PARTY

The directors W Betham & Mrs E Betham are the ultimate controlling parties of the company.

14. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 161,898 135,989
Dividends (77,000 ) (104,450 )
Net addition to shareholders' funds 84,898 31,539
Opening shareholders' funds 611,932 580,393
Closing shareholders' funds 696,830 611,932