American Muffin Co. Limited - Filleted accounts

Registered number

03110905

American Muffin Co. Limited

Filleted Accounts

31 December 2024

American Muffin Co. Limited
Registered number:		03110905
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		55,718			74,629

Current assets
Stocks		148,579			145,631
Debtors	4	212,146			236,883
Cash at bank and in hand		341,061			326,648
		701,786			709,162

Creditors: amounts falling due within one year	5	(113,643)			(188,729)

Net current assets			588,143			520,433

Total assets less current liabilities			643,861			595,062

Creditors: amounts falling due after more than one year	6		(29,000)			(39,000)



Net assets			614,861			556,062

Capital and reserves
Called up share capital			37,500			37,500
Profit and loss account			577,361			518,562

Shareholders' funds			614,861			556,062

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 members have 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.




JH Mulji
Director
Approved by the board on 25 September 2025

American Muffin Co. Limited
Notes to the Accounts
for the year ended 31 December 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:

	Leasehold land and buildings	over the lease term
	Plant and machinery	25% pa reducing balance
	Motor vehicles	25% pa reducing balance

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			22		20


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	590,301		10,925		601,226
	At 31 December 2024	590,301		10,925		601,226

	Depreciation
	At 1 January 2024	519,129		7,468		526,597
	Charge for the year	18,047		864		18,911
	At 31 December 2024	537,176		8,332		545,508

	Net book value
	At 31 December 2024	53,125		2,593		55,718
	At 31 December 2023	71,172		3,457		74,629


4	Debtors			2024		2023
£					£

	Trade debtors			196,103		230,413
	Other debtors			16,043		6,470
				212,146		236,883


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			10,000		10,000
	Obligations under finance lease and hire purchase contracts			-		2,273
	Trade creditors			44,659		95,853
	Taxation and social security costs			35,373		28,732
	Other creditors			23,611		51,871
				113,643		188,729


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			6,000		16,000
	Other creditors			23,000		23,000
				29,000		39,000


7	Revaluation reserve			2024		2023
£					£

	At 1 January 2024			-		609,077
	Loss on revaluation of land and buildings			-		(609,077)

	At 31 December 2024			-		-


8	Controlling party

	American Muffin Co. Limited is a wholly owned subsidiary of AMC Newco Limited, a private company limited by shares and incorporated in England, whose registered office is 39 Minerva Road, Park Royal, London NW10 6HJ.


9	Other information

	American Muffin Co. Limited is a private company limited by shares and incorporated in England. Its registered office is:
	39 Minerva Road
	Park Royal
	London
	NW10 6HJ