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REGISTERED NUMBER: 04971551 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MEL GLOVER LIMITED

MEL GLOVER LIMITED (REGISTERED NUMBER: 04971551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


MEL GLOVER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr M Glover





REGISTERED OFFICE: 59 Penrhyn Crescent
Hazel Grove
Stockport
Cheshire
SK7 5NE





REGISTERED NUMBER: 04971551 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

MEL GLOVER LIMITED (REGISTERED NUMBER: 04971551)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,545 36,209

CURRENT ASSETS
Debtors 5 1,210 920
Cash at bank and in hand 7,984 8,864
9,194 9,784
CREDITORS
Amounts falling due within one year 6 44,950 38,688
NET CURRENT LIABILITIES (35,756 ) (28,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,211

)

7,305

CREDITORS
Amounts falling due after more than one
year

7

(7,659

)

(17,256

)

PROVISIONS FOR LIABILITIES (5,106 ) (5,936 )
NET LIABILITIES (16,976 ) (15,887 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (16,977 ) (15,888 )
SHAREHOLDERS' FUNDS (16,976 ) (15,887 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MEL GLOVER LIMITED (REGISTERED NUMBER: 04971551)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr M Glover - Director


MEL GLOVER LIMITED (REGISTERED NUMBER: 04971551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Mel Glover Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

No depreciation is charged on a Licence held by the company permitting the operation of a taxi cab. In the opinion of the director, the value of this licence will always be in excess of the historic cost, hence no depreciation is required to be charged.

The asset is subject to an annual impairment and at the last year end there was no requirement for any impairment charge.

Non-depreciation of the asset is a departure from the relevant applicable accounting standard, but in the opinion of the director it is necessary for the accounts to show a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

MEL GLOVER LIMITED (REGISTERED NUMBER: 04971551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 58,118
Additions 207
At 30 November 2023 58,325
DEPRECIATION
At 1 December 2022 21,909
Charge for year 4,871
At 30 November 2023 26,780
NET BOOK VALUE
At 30 November 2023 31,545
At 30 November 2022 36,209

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 39,858
DEPRECIATION
At 1 December 2022 21,174
Charge for year 4,671
At 30 November 2023 25,845
NET BOOK VALUE
At 30 November 2023 14,013
At 30 November 2022 18,684

MEL GLOVER LIMITED (REGISTERED NUMBER: 04971551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 1,210 920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 2,217 2,167
Hire purchase contracts 7,353 6,896
Trade creditors 1,173 1,315
Taxation and social security 574 70
Other creditors 33,633 28,240
44,950 38,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 3,611 5,855
Hire purchase contracts 4,048 11,401
7,659 17,256

8. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank loans 5,828 8,022
Hire purchase contracts 11,401 18,297
17,229 26,319

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Glover.