Maya's Coffee Ltd 14458171 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is that of an unlicensed coffee shop Digita Accounts Production Advanced 6.30.9574.0 true true 14458171 2023-12-01 2024-11-30 14458171 2024-11-30 14458171 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-11-30 14458171 core:CurrentFinancialInstruments 2024-11-30 14458171 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 14458171 core:FurnitureFittingsToolsEquipment 2024-11-30 14458171 bus:SmallEntities 2023-12-01 2024-11-30 14458171 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 14458171 bus:FilletedAccounts 2023-12-01 2024-11-30 14458171 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14458171 bus:RegisteredOffice 2023-12-01 2024-11-30 14458171 bus:Director1 2023-12-01 2024-11-30 14458171 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-01 2024-11-30 14458171 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14458171 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 14458171 core:OtherRelatedParties 2023-12-01 2024-11-30 14458171 countries:EnglandWales 2023-12-01 2024-11-30 14458171 2023-11-30 14458171 core:FurnitureFittingsToolsEquipment 2023-11-30 14458171 2022-11-02 2023-11-30 14458171 2023-11-30 14458171 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-11-30 14458171 core:CurrentFinancialInstruments 2023-11-30 14458171 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 14458171 core:FurnitureFittingsToolsEquipment 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14458171

Maya's Coffee Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Maya's Coffee Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Maya's Coffee Ltd

(Registration number: 14458171)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,158

7,001

Current assets

 

Debtors

5

142,980

-

Cash at bank and in hand

 

30,038

105,334

 

173,018

105,334

Creditors: Amounts falling due within one year

6

(69,292)

(31,423)

Net current assets

 

103,726

73,911

Net assets

 

114,884

80,912

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

114,882

80,910

Shareholders' funds

 

114,884

80,912

For the financial year ending 30 November 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 year 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 and 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 28 August 2025 and signed on its behalf by:
 

.........................................
C Harries-Jones
Director

 

Maya's Coffee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 28 August 2025.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Maya's Coffee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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. 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.

 

Maya's Coffee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 2).

 

Maya's Coffee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

7,448

7,448

Additions

6,018

6,018

At 30 November 2024

13,466

13,466

Depreciation

At 1 December 2023

447

447

Charge for the year

1,861

1,861

At 30 November 2024

2,308

2,308

Carrying amount

At 30 November 2024

11,158

11,158

At 30 November 2023

7,001

7,001

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

142,500

-

Prepayments

 

263

-

Other debtors

 

217

-

 

142,980

-

 

Maya's Coffee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

22,804

-

Trade creditors

 

432

-

Taxation and social security

 

8,346

28,614

Accruals and deferred income

 

2,500

2,500

Other creditors

 

35,210

309

 

69,292

31,423

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

22,804

-

9

Related party transactions

Summary of transactions with other related parties

At the balance sheet date there was an amount owed by a related party, Galaxie Hotel Limited, of £142,500 (2023: £Nil).