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Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Melvyn Clarke Ltd

Melvyn Clarke Ltd (Registered number: 00731481)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Melvyn Clarke Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P Clarke
Mrs S Palan
D E Crofts





SECRETARY: Mrs B Clarke





REGISTERED OFFICE: 38 Green Wrythe Lane
Carshalton
Surrey
SM5 2DP





REGISTERED NUMBER: 00731481 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Melvyn Clarke Ltd (Registered number: 00731481)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,717 3,407

CURRENT ASSETS
Stocks 5 142,937 130,523
Debtors 6 7,736 4,027
Cash at bank 22,332 52,912
173,005 187,462
CREDITORS
Amounts falling due within one year 7 111,713 124,339
NET CURRENT ASSETS 61,292 63,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,009

66,530

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 63,009 65,530
SHAREHOLDERS' FUNDS 64,009 66,530

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:




D E Crofts - Director



P Clarke - Director


Melvyn Clarke Ltd (Registered number: 00731481)

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


1. STATUTORY INFORMATION

Melvyn Clarke 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
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Melvyn Clarke Ltd (Registered number: 00731481)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2023 22,923 83,932 106,855
Additions - 483 483
At 31 January 2024 22,923 84,415 107,338
DEPRECIATION
At 1 February 2023 19,516 83,932 103,448
Charge for year 1,053 120 1,173
At 31 January 2024 20,569 84,052 104,621
NET BOOK VALUE
At 31 January 2024 2,354 363 2,717
At 31 January 2023 3,407 - 3,407

5. STOCKS
2024 2023
£    £   
Stocks 142,937 130,523

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,081 2,966
Other debtors 5,960 -
Prepayments 695 1,061
7,736 4,027

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7 7
Trade creditors 10,274 11,115
Amounts owed to group undertakings 87,756 90,840
Tax - 3,433
Social security and other taxes - 2,369
VAT 6,767 9,782
Pension due 731 565
Accrued expenses 6,178 6,228
111,713 124,339

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Clythe Management Limited.