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REGISTERED NUMBER: 07850109 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MELLOW ACOUSTICS LTD

MELLOW ACOUSTICS LTD (REGISTERED NUMBER: 07850109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELLOW ACOUSTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTOR: T J Mellow





REGISTERED OFFICE: 42 Hale Road
Farnham
Surrey
GU9 9QH





REGISTERED NUMBER: 07850109 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

MELLOW ACOUSTICS LTD (REGISTERED NUMBER: 07850109)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 807 1,076
Tangible assets 5 205 1,485
1,012 2,561

CURRENT ASSETS
Stocks 34,000 34,000
Debtors 6 4,302 12,297
Cash at bank 770 16,213
39,072 62,510
CREDITORS
Amounts falling due within one year 7 8,538 4,827
NET CURRENT ASSETS 30,534 57,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,546

60,244

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 31,536 60,234
SHAREHOLDERS' FUNDS 31,546 60,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MELLOW ACOUSTICS LTD (REGISTERED NUMBER: 07850109)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2024 and were signed by:





T J Mellow - Director


MELLOW ACOUSTICS LTD (REGISTERED NUMBER: 07850109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024


1. STATUTORY INFORMATION

Mellow Acoustics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of eleven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 1 (2023 - 1 ) .

MELLOW ACOUSTICS LTD (REGISTERED NUMBER: 07850109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 5,252
AMORTISATION
At 1 April 2023 4,176
Charge for year 269
At 31 March 2024 4,445
NET BOOK VALUE
At 31 March 2024 807
At 31 March 2023 1,076

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,241 2,768 4,009
DEPRECIATION
At 1 April 2023 1,189 1,335 2,524
Charge for year 13 1,267 1,280
At 31 March 2024 1,202 2,602 3,804
NET BOOK VALUE
At 31 March 2024 39 166 205
At 31 March 2023 52 1,433 1,485

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,508 4,138
Other debtors 2,794 8,159
4,302 12,297

MELLOW ACOUSTICS LTD (REGISTERED NUMBER: 07850109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 144 300
Other creditors 8,394 4,527
8,538 4,827