Company Registration No. 07716429 (England and Wales)
Melwood Automotive Ltd
Unaudited accounts
for the year ended 31 March 2023
Melwood Automotive Ltd
Unaudited accounts
Contents
Melwood Automotive Ltd
Company Information
for the year ended 31 March 2023
Director
Charles Michael Littlewood
Company Number
07716429 (England and Wales)
Registered Office
8 CHAPEL CLOSE
MELKSHAM
WILTSHIRE
SN12 7ER
Melwood Automotive Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
4,375
5,833
Inventories
83,898
166,898
Cash at bank and in hand
253,958
221,122
Creditors: amounts falling due within one year
(89,763)
(167,770)
Net current assets
250,828
221,838
Net assets
255,203
227,671
Called up share capital
2
2
Profit and loss account
255,201
227,669
Shareholders' funds
255,203
227,671
For the year 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 7 November 2023 and were signed on its behalf by
Charles Michael Littlewood
Director
Company Registration No. 07716429
Melwood Automotive Ltd
Notes to the Accounts
for the year ended 31 March 2023
Melwood Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 07716429. The registered office is 8 CHAPEL CLOSE, MELKSHAM, WILTSHIRE, SN12 7ER.
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.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Melwood Automotive Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
48,479
163,585
Taxes and social security
6,857
878
Loans from directors
31,106
520
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).