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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
Page
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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
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Melwood Automotive Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,375 
5,833 
Current assets
Inventories
83,898 
166,898 
Debtors
2,735 
1,588 
Cash at bank and in hand
253,958 
221,122 
340,591 
389,608 
Creditors: amounts falling due within one year
(89,763)
(167,770)
Net current assets
250,828 
221,838 
Net assets
255,203 
227,671 
Capital and reserves
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
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Melwood Automotive Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 April 2022
10,065 
At 31 March 2023
10,065 
Depreciation
At 1 April 2022
4,232 
Charge for the year
1,458 
At 31 March 2023
5,690 
Net book value
At 31 March 2023
4,375 
At 31 March 2022
5,833 
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Melwood Automotive Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,735 
1,588 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,321 
1,547 
Trade creditors
48,479 
163,585 
Taxes and social security
6,857 
878 
Loans from directors
31,106 
520 
Accruals
- 
1,240 
89,763 
167,770 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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