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REGISTERED NUMBER: 11990688 (England and Wales)










Financial Statements for the Year Ended 31 May 2024

for

Melrose Design Ltd

Melrose Design Ltd (Registered number: 11990688)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Melrose Design Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Street





REGISTERED OFFICE: 39 Melrose Avenue
Portslade
East Sussex
BN41 2LT





REGISTERED NUMBER: 11990688 (England and Wales)





ACCOUNTANTS: Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR

Melrose Design Ltd (Registered number: 11990688)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 797 1,094

CURRENT ASSETS
Debtors 5 9,419 4,820
Cash at bank 20,549 27,798
29,968 32,618
CREDITORS
Amounts falling due within one year 6 7,201 7,667
NET CURRENT ASSETS 22,767 24,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,564

26,045

PROVISIONS FOR LIABILITIES 7 151 208
NET ASSETS 23,413 25,837

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 23,313 25,737
SHAREHOLDERS' FUNDS 23,413 25,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 director and authorised for issue on 3 October 2024 and were signed by:




A Street - Director


Melrose Design Ltd (Registered number: 11990688)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Melrose Design 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.

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 - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Melrose Design Ltd (Registered number: 11990688)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 2,958
DEPRECIATION
At 1 June 2023 1,864
Charge for year 297
At 31 May 2024 2,161
NET BOOK VALUE
At 31 May 2024 797
At 31 May 2023 1,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 8,900 4,325
Other debtors 519 495
9,419 4,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 2,963 3,534
Other creditors 4,238 4,133
7,201 7,667

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 151 208

Deferred
tax
£   
Balance at 1 June 2023 208
Decrease in capital allowances
in excess of depreciation (57 )
Balance at 31 May 2024 151

Melrose Design Ltd (Registered number: 11990688)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 25,737
Profit for the year 12,376
Dividends (14,800 )
At 31 May 2024 23,313

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,800 (2023 - £6,000) were paid to the director .

The controlling party throughout the current and previous period was the director, A Street.

As at 31 May 2024 the director A Street was owed £3,103 (2023 - £3,079) by the company. This loan is interest free with no set repayment terms.

Melrose Design Ltd

Report of the Accountants to the Director of
Melrose Design Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR


3 October 2024