REGISTERED NUMBER: 12179016 (England and Wales)

THE MEXICAN CANTINA COMPANY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

B M Cahill Moreno

Registered office:

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Registered number:

12179016 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Fixed assets

Tangible assets

4

40,258

65,483

Current assets

Stocks

6,335

12,914

Debtors

5

40,196

51,219

Cash at bank and in hand

11,645

4,497

58,176

68,630

Creditors

Amounts falling due within one year

6

413,822

381,226

Net current liabilities

(355,646

)

(312,596

)

Total assets less current liabilities

(315,388

)

(247,113

)

Creditors

Amounts falling due after more than one year

7

6,670

16,667

Net liabilities

(322,058

)

(263,780

)

Capital and reserves

Called up share capital

2

2

Retained earnings

(322,060

)

(263,782

)

(322,058

)

(263,780

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 23 October 2025 and were signed by:

B M Cahill Moreno - Director

1.	Statutory information

The Mexican Cantina Company Ltd 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.

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.

Land and buildings

-

Straight line over lease term

Plant and machinery etc

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

As at 30 September 2024, the Company balance sheet reports net liabilities of £322,058 (2023: £263,780). These accounts have been prepared on the going concern basis, on the basis that the directors will continue to financially support the Company until it reaches a solvent position.

3.	Employees and directors

The average number of employees during the year was 18 (2023 - 17 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 October 2023

16,134

133,470

149,604

Additions

-

1,328

1,328

Disposals

-

(18,948

)

(18,948

)

At 30 September 2024

16,134

115,850

131,984

Depreciation

At 1 October 2023

6,452

77,669

84,121

Charge for year

1,613

10,729

12,342

Eliminated on disposal

-

(4,737

)

(4,737

)

At 30 September 2024

8,065

83,661

91,726

Net book value

At 30 September 2024

8,069

32,189

40,258

At 30 September 2023

9,682

55,801

65,483

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

2,216

4,860

Other debtors

37,980

46,359

40,196

51,219

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

41,098

61,045

Taxation and social security

25,724

24,256

Other creditors

337,000

285,925

413,822

381,226

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

6,670

16,667