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REGISTERED NUMBER: 02212481 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2023

for

Mellcrest Limited

Mellcrest Limited (Registered number: 02212481)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mellcrest Limited (Registered number: 02212481)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,531 162,762

CURRENT ASSETS
Stocks 590,383 702,790
Debtors 5 1,291,755 1,192,082
Cash at bank and in hand 390,675 425,264
2,272,813 2,320,136
CREDITORS
Amounts falling due within one year 6 1,399,221 1,584,069
NET CURRENT ASSETS 873,592 736,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,123

898,829

CREDITORS
Amounts falling due after more than one
year

7

173,650

415,999
NET ASSETS 934,473 482,830

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 933,473 481,830
934,473 482,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mellcrest Limited (Registered number: 02212481)

Balance Sheet - continued
31st August 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2023 and were signed on its behalf by:





R D Hackman - Director


Mellcrest Limited (Registered number: 02212481)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Mellcrest Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02212481

Registered office: Unit 7
Curo Park
Frogmore
St. Albans
AL2 2DD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents net invoiced sales, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Mellcrest Limited (Registered number: 02212481)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 400,163
Additions 128,183
Disposals (9,103 )
At 31st August 2023 519,243
DEPRECIATION
At 1st September 2022 237,401
Charge for year 49,667
Eliminated on disposal (2,356 )
At 31st August 2023 284,712
NET BOOK VALUE
At 31st August 2023 234,531
At 31st August 2022 162,762

Mellcrest Limited (Registered number: 02212481)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 72,900
At 31st August 2023 72,900
DEPRECIATION
Charge for year 7,384
At 31st August 2023 7,384
NET BOOK VALUE
At 31st August 2023 65,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,179,092 947,461
Amounts owed by group undertakings - 76,947
Other debtors 112,663 167,674
1,291,755 1,192,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,496 137,339
Hire purchase contracts (see note 8) 7,365 6,941
Trade creditors 501,645 720,175
Amounts owed to group undertakings 205,950 195,952
Taxation and social security 410,769 349,315
Other creditors 199,996 174,347
1,399,221 1,584,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 166,504 401,488
Hire purchase contracts (see note 8) 7,146 14,511
173,650 415,999

Mellcrest Limited (Registered number: 02212481)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,365 6,941
Between one and five years 7,146 14,511
14,511 21,452

Non-cancellable operating leases
2023 2022
£    £   
Within one year 131,750 131,750
Between one and five years 32,940 164,690
164,690 296,440

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 240,000 538,827
Hire purchase contracts 14,511 21,452
254,511 560,279

The bank loan is secured on a fixed and floating charge over Unit 7 Curo Park, Frogmore, St Albans, Hertfordshire, United Kingdom, AL2 2D. The hire purchase creditor is secured by the two assets to which they relate to.

Mellcrest Limited (Registered number: 02212481)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2023 and the year ended 31 August 2022.


20232022
£   £   
R Hackman & S Hackman
Amounts Advanced64,48936,708
Amounts Repaid(101,315)(64,006)

B Flatter
Amounts Advanced85,28087,211
Amounts Repaid(84,000)(87,500)

S A Hackman
Amounts Advanced42,17336,696
Amounts Repaid(73,000)(38,700)

J P Gold
Amounts Advanced50,18220,435
Amounts Repaid(74,500)(20,500)


The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Park Street Holdings Limited a private company, limited by shares,
registered in England and Wales. Registered number is 12063797 and registered office is Unit 7 Curo Park,
Frogmore, St Albans, Hertfordshire, United Kingdom, AL2 2D.