Registration number:
Meli Coffee and Patisserie Limited
for the Period from 22 August 2023 to 31 August 2024
Meli Coffee and Patisserie Limited
Contents
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Meli Coffee and Patisserie Limited
(Registration number: 15088391)
Balance Sheet as at 31 August 2024
|
Note |
2024 |
|
|
Fixed assets |
||
|
Tangible assets |
|
|
|
Current assets |
||
|
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
|
|
Net current liabilities |
( |
|
|
Net liabilities |
( |
|
|
Capital and reserves |
||
|
Called up share capital |
100 |
|
|
Retained earnings |
(135,298) |
|
|
Shareholders' deficit |
(135,198) |
For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his 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.
Meli Coffee and Patisserie Limited
(Registration number: 15088391)
Balance Sheet as at 31 August 2024
Approved and authorised by the
|
......................................... |
Meli Coffee and Patisserie Limited
Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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.
The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.
Going concern
The company made a loss in the first period of trading and has net current liabilities as well as net liabilities as a result of the loss in the period. The director is confident that the business will improve and report profits in the near future. The going concern basis is dependant upon the continuing financial support of loan creditors.
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.
Meli Coffee and Patisserie Limited
Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024
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.
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:
|
Asset class |
Depreciation method and rate |
|
Furniture, fittings and equipment |
25% Reducing balance method |
|
Short leasehold improvements |
Over the term of the lease |
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
Debtors with no stated interest rate and receivable 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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Creditors with no stated interest rate and payables 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.
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.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Meli Coffee and Patisserie Limited
Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Total |
|
|
Cost or valuation |
|||
|
Additions |
|
|
|
|
At 31 August 2024 |
|
|
|
|
Depreciation |
|||
|
Charge for the period |
|
|
|
|
At 31 August 2024 |
|
|
|
|
Carrying amount |
|||
|
At 31 August 2024 |
|
|
|
Included within the net book value of land and buildings above is £38,707 in respect of short leasehold land and buildings.
|
Stocks |
|
2024 |
|
|
Finished goods and goods for resale |
|
|
Debtors |
|
Current |
2024 |
|
Trade debtors |
|
|
Other debtors |
|
|
|
Meli Coffee and Patisserie Limited
Notes to the Unaudited Financial Statements for the Period from 22 August 2023 to 31 August 2024
|
Creditors |
Creditors: amounts falling due within one year
|
2024 |
|
|
Due within one year |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
||
|
No. |
£ |
|
|
|
|
100 |
|
Related party transactions |
Summary of transactions with other related parties
Included in other creditors, amounts falling due within one year is an interest free amount of £267,986 owed to a former director of the company.
Included in other creditors, amounts falling due within one year is an interest free amount of £36,000 owed to the director of the company.
|
Parent and ultimate parent undertaking |
The company's parent is