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COMPANY REGISTRATION NUMBER: 03785310
MEL Health and Safety Consultants Ltd
Unaudited Financial Statements
31 March 2024
MEL Health and Safety Consultants Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Directors' report
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
MEL Health and Safety Consultants Ltd
Directors' Report
Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2024 .
Directors
The directors who served the company during the year were as follows:
Mr Alford
Mr Sykes
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 26 July 2024 and signed on behalf of the board by:
Mr Sykes
Director
Registered office:
2nd Floor Rainham House
Manor Road
Rainham
Essex
England
RM13 8RH
MEL Health and Safety Consultants Ltd
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of MEL Health and Safety Consultants Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MEL Health and Safety Consultants Ltd for the year ended 31 March 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of MEL Health and Safety Consultants Ltd, as a body, in accordance with the terms of our engagement letter dated 21 April 2008. Our work has been undertaken solely to prepare for your approval the financial statements of MEL Health and Safety Consultants Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MEL Health and Safety Consultants Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that MEL Health and Safety Consultants Ltd 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 MEL Health and Safety Consultants Ltd. You consider that MEL Health and Safety Consultants Ltd 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 MEL Health and Safety Consultants Ltd. 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.
S R A ACCOUTANCY & TAXATION SERVICES Chartered accountants
Unit 11+13 Purdeys way Rochford Essex SS4 1ND
26 July 2024
MEL Health and Safety Consultants Ltd
Statement of Income and Retained Earnings
Year ended 31 March 2024
2024
2023
Note
£
£
Turnover
348,849
443,326
Cost of sales
138,179
271,550
---------
---------
Gross profit
210,670
171,776
Administrative expenses
126,349
170,338
---------
---------
Operating profit
84,321
1,438
Other interest receivable and similar income
143
---------
---------
Profit before taxation
5
84,321
1,581
Tax on profit
22,015
2,480
--------
-------
Profit/(loss) for the financial year and total comprehensive income
62,306
( 899)
--------
-------
Dividends paid and payable
( 60,000)
( 36,000)
Retained earnings at the start of the year
632
37,531
--------
--------
Retained earnings at the end of the year
2,938
632
--------
--------
All the activities of the company are from continuing operations.
MEL Health and Safety Consultants Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
14,125
27,031
Current assets
Debtors
7
74,530
33,760
Cash at bank and in hand
33,034
54,261
---------
--------
107,564
88,021
Creditors: amounts falling due within one year
8
118,749
114,418
---------
---------
Net current liabilities
11,185
26,397
--------
--------
Total assets less current liabilities
2,940
634
-------
----
Net assets
2,940
634
-------
----
Capital and reserves
Called up share capital
2
2
Profit and loss account
2,938
632
-------
----
Shareholders funds
2,940
634
-------
----
These financial statements have been prepared 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'.
For the year ending 31 March 2024 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 were approved by the board of directors and authorised for issue on 26 July 2024 , and are signed on behalf of the board by:
Mr Sykes
Director
Company registration number: 03785310
MEL Health and Safety Consultants Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor Rainham House, Manor Road, Rainham, Essex, RM13 8RH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures and fittings
-
20% reducing balance
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 6 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
4,469
7,290
-------
-------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023
149,431
149,431
Disposals
( 90,141)
( 90,141)
---------
---------
At 31 March 2024
59,290
59,290
---------
---------
Depreciation
At 1 April 2023
122,400
122,400
Charge for the year
4,469
4,469
Disposals
( 81,704)
( 81,704)
---------
---------
At 31 March 2024
45,165
45,165
---------
---------
Carrying amount
At 31 March 2024
14,125
14,125
---------
---------
At 31 March 2023
27,031
27,031
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
66,742
27,269
Other debtors
7,788
6,491
--------
--------
74,530
33,760
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,438
2,226
Corporation tax
22,015
2,480
Social security and other taxes
2,702
3,701
Other creditors
83,594
106,011
---------
---------
118,749
114,418
---------
---------