General Information
Melmont Group LLP is a limited liability partnership, registered in England and Wales, registration number OC428010, registration address 60 Woods Avenue, Hatfield, Hertfordshire, AL10 8LY.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles |
25% Straight Line
|
Fixtures and Fittings |
25% Straight Line
|
Computer Equipment |
25% Straight Line
|
|
2. |
Average number of employees
Average number of employees during the year was 19 (2023 : 19).
|
3. |
Intangible fixed assets
Cost |
Goodwill |
|
Total |
|
£ |
|
£ |
At 01 April 2023 |
197,500 |
|
197,500 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 31 March 2024 |
197,500 |
|
197,500 |
Amortisation |
At 01 April 2023 |
108,683 |
|
108,683 |
Charge for year |
39,500 |
|
39,500 |
On disposals |
- |
|
- |
At 31 March 2024 |
148,183 |
|
148,183 |
Net book values |
At 31 March 2024 |
49,317 |
|
49,317 |
At 31 March 2023 |
88,817 |
|
88,817 |
|
4. |
Tangible fixed assets
Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
|
£ |
|
£ |
|
£ |
|
£ |
At 01 April 2023 |
- |
|
1,597 |
|
4,520 |
|
6,117 |
Additions |
24,000 |
|
2,347 |
|
- |
|
26,347 |
Disposals |
- |
|
- |
|
- |
|
- |
At 31 March 2024 |
24,000 |
|
3,944 |
|
4,520 |
|
32,464 |
Depreciation |
At 01 April 2023 |
- |
|
584 |
|
1,575 |
|
2,159 |
Charge for year |
3,500 |
|
538 |
|
1,079 |
|
5,117 |
On disposals |
- |
|
- |
|
- |
|
- |
At 31 March 2024 |
3,500 |
|
1,122 |
|
2,654 |
|
7,276 |
Net book values |
Closing balance as at 31 March 2024 |
20,500 |
|
2,822 |
|
1,866 |
|
25,188 |
Opening balance as at 01 April 2023 |
- |
|
1,059 |
|
2,743 |
|
3,802 |
|
5. |
Members' Interests
|
Other reserves |
|
Loans and other debts due to members less any amounts due from members included in debtors |
|
Total |
|
Balance at 01 April 2023 |
0 |
|
47,902 |
|
47,902 |
Profit for the period available for discretionary division among members |
68,487 |
|
0 |
|
68,487 |
Members' interests after profit for the period |
68,487 |
|
47,902 |
|
116,389 |
Other divisions of profits |
(68,487) |
|
0 |
|
(68,487) |
Drawings |
0 |
|
(114,177) |
|
(114,177) |
Other movements |
0 |
|
68,487 |
|
68,487 |
Balance at 31 March 2024 |
0 |
|
2,212 |
|
2,212 |
|
|
2
|