Company Registration No. 9042334 (England and Wales)
MEL Goddard Consultancy Ltd
Unaudited accounts
for the year ended 31 May 2024
MEL Goddard Consultancy Ltd
Unaudited accounts
Contents
MEL Goddard Consultancy Ltd
Company Information
for the year ended 31 May 2024
Company Number
9042334 (England and Wales)
Registered Office
1 West Street
Lewes
East Sussex
BN7 2NZ
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
MEL Goddard Consultancy Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
540,633
508,508
Creditors: amounts falling due within one year
(29,539)
(28,823)
Net current assets
526,479
488,259
Net assets
608,061
580,051
Called up share capital
1
1
Profit and loss account
608,060
580,050
Shareholders' funds
608,061
580,051
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
M E L Goddard
Director
Company Registration No. 9042334
MEL Goddard Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
MEL Goddard Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 9042334. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% per annum on the straight line basis
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
MEL Goddard Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 June 2023
91,792
Fair value adjustments
(10,210)
Valuation at 31 May 2024
81,582
Amounts falling due within one year
Accrued income and prepayments
8,616
8,574
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,579
8,155
Other creditors
12,897
12,897
Loans from directors
6,623
6,571
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).