Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falsethe provision of film technician services22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06448632 2022-03-01 2023-02-28 06448632 2021-03-01 2022-02-28 06448632 2023-02-28 06448632 2022-02-28 06448632 c:Director1 2022-03-01 2023-02-28 06448632 d:MotorVehicles 2022-03-01 2023-02-28 06448632 d:MotorVehicles 2023-02-28 06448632 d:MotorVehicles 2022-02-28 06448632 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06448632 d:OfficeEquipment 2022-03-01 2023-02-28 06448632 d:OfficeEquipment 2023-02-28 06448632 d:OfficeEquipment 2022-02-28 06448632 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06448632 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06448632 d:CurrentFinancialInstruments 2023-02-28 06448632 d:CurrentFinancialInstruments 2022-02-28 06448632 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06448632 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 06448632 d:ShareCapital 2023-02-28 06448632 d:ShareCapital 2022-02-28 06448632 d:RetainedEarningsAccumulatedLosses 2023-02-28 06448632 d:RetainedEarningsAccumulatedLosses 2022-02-28 06448632 c:OrdinaryShareClass1 2022-03-01 2023-02-28 06448632 c:OrdinaryShareClass1 2023-02-28 06448632 c:FRS102 2022-03-01 2023-02-28 06448632 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 06448632 c:FullAccounts 2022-03-01 2023-02-28 06448632 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06448632 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 06448632 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 06448632 2 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06448632














MELAMPUS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
MELAMPUS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
MELAMPUS LIMITED
REGISTERED NUMBER:06448632

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,973
5,110

Current assets
  

Debtors: amounts falling due within one year
 5 
6,167
2,579

Cash at bank and in hand
  
845,313
731,361

  
851,480
733,940

Creditors: amounts falling due within one year
 6 
(74,672)
(42,956)

Net current assets
  
 
 
776,808
 
 
690,984

Total assets less current liabilities
  
837,781
696,094

Provisions for liabilities
  

Deferred tax
  
(11,585)
-

Net assets
  
826,196
696,094


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
826,096
695,994

  
826,196
696,094


Page 1

 
MELAMPUS LIMITED
REGISTERED NUMBER:06448632
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G Heeley
Director

Date: 27 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MELAMPUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Melampus Limited is a limited liability company incorporated in England and Wales with its registered office at 12 Whitehall Park Road, London, W4 3NE.

The principal activity of the company is that of the provision of film technician services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Page 3

 
MELAMPUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
MELAMPUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
MELAMPUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
-
18,279
18,279


Additions
59,090
1,965
61,055



At 28 February 2023

59,090
20,244
79,334



Depreciation


At 1 March 2022
-
13,169
13,169


Charge for the year on owned assets
3,693
1,499
5,192



At 28 February 2023

3,693
14,668
18,361



Net book value



At 28 February 2023
55,397
5,576
60,973



At 28 February 2022
-
5,110
5,110

Page 6

 
MELAMPUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
4,111
-

Other debtors
-
2,579

Prepayments and accrued income
2,056
-

6,167
2,579



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
62
768

Taxation and social security
69,107
37,580

Other creditors
2,603
1,968

Accruals and deferred income
2,900
2,640

74,672
42,956



7.


Deferred taxation




2023


£






Charged to profit or loss
(11,585)



At end of year
(11,585)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(11,585)
-

Page 7

 
MELAMPUS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



9.


Pension commitments

The company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £7,920 (2022 - £7,981).

 
Page 8