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REGISTERED NUMBER: 08742028 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MELEK CIRCUITS LTD

MELEK CIRCUITS LTD (REGISTERED NUMBER: 08742028)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MELEK CIRCUITS LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mrs S E Bennett
Mr K Bennett





REGISTERED OFFICE: Seven As
Sheet Road
Ludlow
Shropshire
SY8 1LJ





REGISTERED NUMBER: 08742028 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

MELEK CIRCUITS LTD (REGISTERED NUMBER: 08742028)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,000
Tangible assets 5 933 570
933 7,570

CURRENT ASSETS
Stocks 6 342 3,391
Debtors 7 4,450 4,998
Cash at bank 8,701 10,252
13,493 18,641
CREDITORS
Amounts falling due within one year 8 12,121 27,776
NET CURRENT ASSETS/(LIABILITIES) 1,372 (9,135 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,305 (1,565 )

CREDITORS
Amounts falling due after more than one
year

9

66,500

66,500
NET LIABILITIES (64,195 ) (68,065 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (64,295 ) (68,165 )
SHAREHOLDERS' FUNDS (64,195 ) (68,065 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MELEK CIRCUITS LTD (REGISTERED NUMBER: 08742028)

STATEMENT OF FINANCIAL POSITION - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mrs S E Bennett - Director


MELEK CIRCUITS LTD (REGISTERED NUMBER: 08742028)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Melek Circuits 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

MELEK CIRCUITS LTD (REGISTERED NUMBER: 08742028)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 70,000
AMORTISATION
At 1 January 2023 63,000
Amortisation for year 7,000
At 31 December 2023 70,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 7,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 1,600 2,981 4,581
Additions - 674 674
At 31 December 2023 1,600 3,655 5,255
DEPRECIATION
At 1 January 2023 1,514 2,497 4,011
Charge for year 21 290 311
At 31 December 2023 1,535 2,787 4,322
NET BOOK VALUE
At 31 December 2023 65 868 933
At 31 December 2022 86 484 570

6. STOCKS
2023 2022
£    £   
Stocks 342 791
Work-in-progress - 2,600
342 3,391

MELEK CIRCUITS LTD (REGISTERED NUMBER: 08742028)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,450 4,998

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,392 136
VAT 1,134 972
Directors' loan accounts 8,095 25,268
Accrued expenses 1,500 1,400
12,121 27,776

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 66,500 66,500

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share capital £1 100 100

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr & Mrs Bennett who hold 100% of the issued ordinary share capital.