Registered number
04329125
Melville & Co (East Molesey) Ltd
Filleted Accounts
30 November 2022
Melville & Co (East Molesey) Ltd
Registered number: 04329125
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 - 10,000
Tangible assets 4 158 368
158 10,368
Current assets
Debtors 5 42,054 46,857
Cash at bank and in hand 2,455 4,080
44,509 50,937
Creditors: amounts falling due within one year 6 (88,357) (67,032)
Net current liabilities (43,848) (16,095)
Net liabilities (43,690) (5,727)
Capital and reserves
Called up share capital 1 1
Profit and loss account (43,691) (5,728)
Shareholder's funds (43,690) (5,727)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
C C Ledger
Director
Approved by the board on 13 November 2023
Melville & Co (East Molesey) Ltd
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Computer equipment 33.33% straight line
Office equipment 20% straight line
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 4 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2021 200,000
At 30 November 2022 200,000
Amortisation
At 1 December 2021 190,000
Provided during the year 10,000
At 30 November 2022 200,000
Net book value
At 30 November 2022 -
At 30 November 2021 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2021 8,110
At 30 November 2022 8,110
Depreciation
At 1 December 2021 7,742
Charge for the year 210
At 30 November 2022 7,952
Net book value
At 30 November 2022 158
At 30 November 2021 368
5 Debtors 2022 2021
£ £
Trade debtors 36,630 39,481
Other debtors 5,424 7,376
42,054 46,857
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 9,651 8,051
Trade creditors 47,500 37,500
Taxation and social security costs 13,998 15,254
Other creditors 17,208 6,227
88,357 67,032
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C C Ledger
Loan that is interest free and repayable on demand 5,539 4,985 (5,539) 4,985
5,539 4,985 (5,539) 4,985
8 Other information
Melville & Co (East Molesey) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37-39 Walton Road
East Molesey
Surrey
KT8 0DH
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