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Company registration number: 07958049
Melmerby Training Services Limited
Unaudited filleted financial statements
28 February 2023
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Melmerby Training Services Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Melmerby Training Services Limited
Directors and other information
Directors Mr D Garland
Mrs T Garland (Appointed 24 October 2022)
Company number 07958049
Registered office The Barker Business Park
Melmerby
Ripon
North Yorkshire
HG4 5NB
Business address The Barker Business Park
Melmerby
Ripon
North Yorkshire
HG4 5NB
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Melmerby Training Services Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Melmerby Training Services Limited
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Melmerby Training Services Limited for the year ended 28 February 2023 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Melmerby Training Services Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Melmerby Training Services Limited and state those matters that we have agreed to state to the board of directors of Melmerby Training Services Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Melmerby Training Services Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Melmerby Training Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Melmerby Training Services Limited. You consider that Melmerby Training Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Melmerby Training Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
23 November 2023
Melmerby Training Services Limited
Balance sheet
28 February 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 188,747 205,371
_______ _______
188,747 205,371
Current assets
Debtors 6 90,145 53,441
Cash at bank and in hand 216,570 259,332
_______ _______
306,715 312,773
Creditors: amounts falling due
within one year 7 ( 102,175) ( 59,396)
_______ _______
Net current assets 204,540 253,377
_______ _______
Total assets less current liabilities 393,287 458,748
Provisions for liabilities ( 13,167) ( 16,261)
_______ _______
Net assets 380,120 442,487
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 380,020 442,387
_______ _______
Shareholders funds 380,120 442,487
_______ _______
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:
Mr D Garland
Director
Company registration number: 07958049
Melmerby Training Services Limited
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Barker Business Park, Melmerby, Ripon, North Yorkshire, HG4 5NBThe principal activity of the company is HGV training.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.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.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office accommodation - 10 % reducing balance
Plant and machinery - 15 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 1 ).
5. Tangible assets
Freehold property Long leasehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £ £
Cost
At 1 March 2022 117,908 4,529 40,918 173,558 336,913
_______ _______ _______ _______ _______
Depreciation
At 1 March 2022 - 2,237 28,561 100,744 131,542
Charge for the year - 229 1,832 14,563 16,624
_______ _______ _______ _______ _______
At 28 February 2023 - 2,466 30,393 115,307 148,166
_______ _______ _______ _______ _______
Carrying amount
At 28 February 2023 117,908 2,063 10,525 58,251 188,747
_______ _______ _______ _______ _______
At 28 February 2022 117,908 2,292 12,357 72,814 205,371
_______ _______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 38,757 50,536
Other debtors 51,388 2,905
_______ _______
90,145 53,441
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 13,675 11,535
Corporation tax 58,836 24,352
Social security and other taxes 24,509 17,848
Other creditors 5,155 5,661
_______ _______
102,175 59,396
_______ _______
8. Related party transactions
Included in debtors at the balance sheet date is an amount due from the directors totalling £29,443 (2022: £506 creditor). Interest at a commercial rate was charged on the loan and the loan was fully repaid post year end.
9. Controlling party
The company is controlled by D & T Garland.