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Company Registration No. 03122861 (England and Wales)
Melcon Services Limited Unaudited accounts for the year ended 31 May 2024
Melcon Services Limited Unaudited accounts Contents
Page
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Melcon Services Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
247,518 
194,129 
Current assets
Inventories
5,000 
5,000 
Debtors
552,316 
414,739 
Cash at bank and in hand
107,319 
241,758 
664,635 
661,497 
Creditors: amounts falling due within one year
(323,735)
(245,902)
Net current assets
340,900 
415,595 
Total assets less current liabilities
588,418 
609,724 
Creditors: amounts falling due after more than one year
(117,820)
(143,906)
Provisions for liabilities
Deferred tax
(59,242)
(35,678)
Net assets
411,356 
430,140 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
411,354 
430,138 
Shareholders' funds
411,356 
430,140 
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 directors acknowledge their 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 of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
J Locke Director Company Registration No. 03122861
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Melcon Services Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Melcon Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03122861. The registered office is GLEBE FARM, 209 FORDHAM ROAD, NEWMARKET, SUFFOLK, CB8 7LG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating to either revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
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Melcon Services Limited Notes to the Accounts for the year ended 31 May 2024
Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
295,507 
Additions
109,774 
Disposals
(17,945)
At 31 May 2024
387,336 
Depreciation
At 1 June 2023
101,378 
Charge for the year
42,713 
On disposals
(4,273)
At 31 May 2024
139,818 
Net book value
At 31 May 2024
247,518 
At 31 May 2023
194,129 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
525,351 
297,185 
Accrued income and prepayments
4,302 
3,351 
Other debtors
22,663 
114,203 
552,316 
414,739 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
43,500 
43,500 
VAT
27,029 
- 
Obligations under finance leases and hire purchase contracts
58,598 
34,115 
Trade creditors
143,695 
72,645 
Taxes and social security
50,249 
88,844 
Other creditors
664 
6,798 
323,735 
245,902 
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Melcon Services Limited Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,500 
87,000 
Obligations under finance leases and hire purchase contracts
74,320 
56,906 
117,820 
143,906 
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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