MEZCALITO ISLINGTON LIMITED
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Registered number: |
13250138
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Balance Sheet |
as at 28 February 2022
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|
Notes |
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2022 |
|
£ |
|
Fixed assets |
Tangible assets |
3 |
|
|
62,797 |
|
Current assets |
Stocks |
|
|
3,841 |
Debtors |
4 |
|
8,120 |
Cash at bank and in hand |
|
|
3 |
|
|
|
11,964 |
|
|
|
Creditors: amounts falling due within one year |
5 |
|
(126,488) |
|
Net current liabilities |
|
|
|
(114,524) |
|
|
Net liabilities |
|
|
|
(51,727) |
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|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
Profit and loss account |
|
|
|
(51,827) |
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Shareholders' funds |
|
|
|
(51,727) |
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|
|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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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.
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|
L. GEAS |
Director |
Approved by the board on 30 November 2022
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MEZCALITO ISLINGTON LIMITED
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Notes to the Accounts |
for the period from 8 March 2021 to 28 February 2022
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|
1 |
Accounting policies |
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Basis of preparation |
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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).
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Going Concern |
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The parent company has provided assurance that they will continue to support the company to enable it to meet its liabilities as they fall due.On the basis, the accounts have been prepared on going concern basis. |
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Tangible fixed assets |
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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:
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Leasehold land and buildings |
over 4 years |
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Plant and machinery |
over 4 years |
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|
Stocks |
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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.
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Debtors |
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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.
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Creditors |
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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.
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2 |
Employees |
2022 |
|
Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
|
Cost |
|
Additions |
38,609 |
|
33,089 |
|
71,698 |
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At 28 February 2022 |
38,609 |
|
33,089 |
|
71,698 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
4,757 |
|
4,144 |
|
8,901 |
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At 28 February 2022 |
4,757 |
|
4,144 |
|
8,901 |
|
|
|
|
|
|
|
|
|
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Net book value |
|
At 28 February 2022 |
33,852 |
|
28,945 |
|
62,797 |
|
|
4 |
Debtors |
2022 |
|
£ |
|
|
|
Other debtors |
8,120 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2022 |
|
£ |
|
|
|
Trade creditors |
5,230 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
119,939 |
|
Other creditors |
1,319 |
|
|
|
|
|
|
126,488 |
|
|
|
|
|
|
|
|
|
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6 |
Capital commitments |
2022 |
|
£ |
|
|
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Amounts contracted for but not provided in the accounts |
40,000 |
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7 |
Other information |
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MEZCALITO ISLINGTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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C/O Thakur-Chabert, Suite 410, 4th Floor |
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1 Harefield Road |
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Uxbridge, Middlesex |
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United Kingdom |
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UB8 1EX |