Registered number
12195270
Melburay Ltd
Filleted Accounts
30 September 2023
Melburay Ltd
Registered number: 12195270
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,754 1,250
Current assets
Debtors 4 1,537,891 52,775
Cash at bank and in hand 172,660 35,342
1,710,551 88,117
Creditors: amounts falling due within one year 5 (1,226,711) (74,937)
Net current assets 483,840 13,180
Total assets less current liabilities 496,594 14,430
Creditors: amounts falling due after more than one year 6 - (14,023)
Net assets 496,594 407
Capital and reserves
Called up share capital 1 1
Profit and loss account 496,593 406
Shareholders' funds 496,594 407
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Melinda Awdzo Henry
Director
Approved by the board on 19 August 2024
Melburay Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by when invoices are raised to the client.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 85 40
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 1,250 - 1,250
Additions 7,722 8,450 16,172
At 30 September 2023 8,972 8,450 17,422
Depreciation
Charge for the year 2,555 2,113 4,668
At 30 September 2023 2,555 2,113 4,668
Net book value
At 30 September 2023 6,417 6,337 12,754
At 30 September 2022 1,250 - 1,250
4 Debtors 2023 2022
£ £
Trade debtors 1,528,645 46,611
Director's account - 6,164
Other debtors 9,246 -
1,537,891 52,775
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 128,345 2,403
Pensions Payable 33,885 11
Taxation and social security costs 404,638 23,789
Other creditors 659,843 48,734
1,226,711 74,937
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 14,023
7 Other information
Melburay Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 , 5 Donna Alexandra Mews
Royal Parade
Chislehurst
England
BR7 6NR
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