Registered number
12391886
Cafe Mignon Ltd
Report and Financial Statements
31 March 2024
Cafe Mignon Ltd
Registered number: 12391886
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 51,316 57,018
Current assets
Stocks 36,218 36,218
Debtors 4 220,286 219,184
Cash at bank and in hand 10,899 5,357
267,403 260,759
Creditors: amounts falling due within one year 5 (164,019) (256,938)
Net current assets 103,384 3,821
Total assets less current liabilities 154,700 60,839
Creditors: amounts falling due after more than one year 6 (172,202) (88,828)
Net liabilities (17,502) (27,989)
Capital and reserves
Called up share capital 100 100
Share premium 20 20
Profit and loss account (17,622) (28,109)
Shareholder's funds (17,502) (27,989)
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 member has 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 A Piombino
Director
Approved by the board on 23 December 2024
Cafe Mignon Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 March 2024
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 10% reducing balance basis
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2023 63,555 63,555
Additions - -
At 31 March 2024 63,555 63,555
Depreciation
At 1 April 2023 6,537 6,537
Charge for the year 5,702 5,702
At 31 March 2024 12,239 12,239
Net book value
At 31 March 2024 51,316 51,316
At 31 March 2023 57,018 57,018
4 Debtors 2024 2023
£ £
Trade debtors 56,293 39,177
Amounts owed by group undertakings and undertakings in which the company has a participating interest 158,295 175,976
Other debtors 5,698 4,031
220,286 219,184
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,150 6,952
Obligations under finance lease and hire purchase contracts 35,477 63,225
Trade creditors 9,543 17,587
Other taxes and social security costs 530 -
Other creditors 115,319 169,174
164,019 256,938
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 172,202 88,828
172,202 88,828
7 Other information
Cafe Mignon Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor City Reach
5 Greenwich View Place
London
E14 9NN
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