Company Registration No. 13878985 (England and Wales)
Meloak Ltd
Unaudited accounts
for the period from 28 January 2022 to 31 March 2023
Meloak Ltd
Unaudited accounts
Contents
Meloak Ltd
Company Information
for the period from 28 January 2022 to 31 March 2023
Company Number
13878985 (England and Wales)
Registered Office
20 Poplar Grove
London
W6 7RE
UK
Meloak Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
164,793
Creditors: amounts falling due within one year
(39,181)
Net current assets
128,128
Total assets less current liabilities
219,574
Provisions for liabilities
Called up share capital
100
Profit and loss account
205,952
Shareholders' funds
206,052
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
M L Akkar
Director
Company Registration No. 13878985
Meloak Ltd
Notes to the Accounts
for the period from 28 January 2022 to 31 March 2023
Meloak Ltd is a private company, limited by shares, registered in England and Wales, registration number 13878985. The registered office is 20 Poplar Grove, London, W6 7RE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
25 % reducing balance
Computer equipment
3 years straight line
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Meloak Ltd
Notes to the Accounts
for the period from 28 January 2022 to 31 March 2023
Investments are included at fair value.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the director has made the following judgements:
Determine whether there are indicators of impairment of the company's tangible fixed assets and investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 28 January 2022
-
-
-
-
Additions
358
53,280
2,048
55,686
At 31 March 2023
358
53,280
2,048
55,686
Charge for the period
38
1,110
450
1,598
At 31 March 2023
38
1,110
450
1,598
At 31 March 2023
320
52,170
1,598
54,088
5
Investments
Other investments
Valuation at 28 January 2022
-
Valuation at 31 March 2023
37,358
Meloak Ltd
Notes to the Accounts
for the period from 28 January 2022 to 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
2,033
7
Creditors: amounts falling due within one year
2023
Taxes and social security
38,625
8
Average number of employees
During the period the average number of employees was 1.