IRIS Accounts Production v24.3.0.553 08107641 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081076412023-06-30081076412024-06-30081076412023-07-012024-06-30081076412022-06-30081076412022-07-012023-06-30081076412023-06-3008107641ns15:EnglandWales2023-07-012024-06-3008107641ns14:PoundSterling2023-07-012024-06-3008107641ns10:Director12023-07-012024-06-3008107641ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008107641ns10:SmallEntities2023-07-012024-06-3008107641ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008107641ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008107641ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008107641ns10:FullAccounts2023-07-012024-06-3008107641ns10:RegisteredOffice2023-07-012024-06-3008107641ns5:CurrentFinancialInstruments2024-06-3008107641ns5:CurrentFinancialInstruments2023-06-3008107641ns5:Non-currentFinancialInstruments2024-06-3008107641ns5:Non-currentFinancialInstruments2023-06-3008107641ns5:ShareCapital2024-06-3008107641ns5:ShareCapital2023-06-3008107641ns5:RetainedEarningsAccumulatedLosses2024-06-3008107641ns5:RetainedEarningsAccumulatedLosses2023-06-3008107641ns5:PlantMachinery2023-07-012024-06-3008107641ns5:PlantMachinery2023-06-3008107641ns5:FurnitureFittings2023-06-3008107641ns5:ComputerEquipment2023-06-3008107641ns5:FurnitureFittings2023-07-012024-06-3008107641ns5:ComputerEquipment2023-07-012024-06-3008107641ns5:PlantMachinery2024-06-3008107641ns5:FurnitureFittings2024-06-3008107641ns5:ComputerEquipment2024-06-3008107641ns5:PlantMachinery2023-06-3008107641ns5:FurnitureFittings2023-06-3008107641ns5:ComputerEquipment2023-06-3008107641ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008107641ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3008107641ns5:DeferredTaxation2023-06-3008107641ns5:DeferredTaxation2023-07-012024-06-3008107641ns5:DeferredTaxation2024-06-30
REGISTERED NUMBER: 08107641 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MUCHOS NACHOS LIMITED

MUCHOS NACHOS LIMITED (REGISTERED NUMBER: 08107641)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUCHOS NACHOS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr Mustafa Sen





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 08107641 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

MUCHOS NACHOS LIMITED (REGISTERED NUMBER: 08107641)

Balance Sheet
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,389 10,171

CURRENT ASSETS
Stocks 1,000 1,260
Debtors 5 268,972 243,255
Cash at bank and in hand 51,446 81,797
321,418 326,312
CREDITORS
Amounts falling due within one year 6 56,315 74,567
NET CURRENT ASSETS 265,103 251,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,492

261,916

CREDITORS
Amounts falling due after more than one
year

7

(19,928

)

(29,953

)

PROVISIONS FOR LIABILITIES 8 (1,594 ) (1,932 )
NET ASSETS 251,970 230,031

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 250,970 229,031
SHAREHOLDERS' FUNDS 251,970 230,031

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MUCHOS NACHOS LIMITED (REGISTERED NUMBER: 08107641)

Balance Sheet - continued
30 JUNE 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 director and authorised for issue on 27 March 2025 and were signed by:





Mr Mustafa Sen - Director


MUCHOS NACHOS LIMITED (REGISTERED NUMBER: 08107641)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Muchos Nachos 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.

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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements..

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

MUCHOS NACHOS LIMITED (REGISTERED NUMBER: 08107641)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 5,958 16,800 - 22,758
Additions - - 1,015 1,015
At 30 June 2024 5,958 16,800 1,015 23,773
DEPRECIATION
At 1 July 2023 4,231 8,356 - 12,587
Charge for year 432 2,111 254 2,797
At 30 June 2024 4,663 10,467 254 15,384
NET BOOK VALUE
At 30 June 2024 1,295 6,333 761 8,389
At 30 June 2023 1,727 8,444 - 10,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 673
Other debtors 268,972 242,582
268,972 243,255

Debtors includes amount due from Sen Muchos Limited of £129,009 (2023: £126,142) and M 77 Sen Limited of £45,940 (2023: £45,940), in which director Sen Mustafa is both shareholder and director.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 372 12,634
Taxation and social security 55,943 58,422
Other creditors - 3,511
56,315 74,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 19,928 29,953

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 1,594 1,932

MUCHOS NACHOS LIMITED (REGISTERED NUMBER: 08107641)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 1,932
Provided during year (338 )
Balance at 30 June 2024 1,594