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REGISTERED NUMBER: 04637944 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Melody Healthcare Limited

Melody Healthcare Limited (Registered number: 04637944)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Melody Healthcare Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs M Bhakta
Mr B Bhakta





SECRETARY: Mrs M Bhakta





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 04637944 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Melody Healthcare Limited (Registered number: 04637944)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,207 42,391
Investments 6 - 215,806
36,207 258,197

CURRENT ASSETS
Stocks 7 65,179 69,917
Debtors 8 671,935 129,305
Cash at bank and in hand 82,084 248,439
819,198 447,661
CREDITORS
Amounts falling due within one year 9 (333,216 ) (208,599 )
NET CURRENT ASSETS 485,982 239,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,189

497,259

CREDITORS
Amounts falling due after more than
one year

10

(198,742

)

(116,173

)

PROVISIONS FOR LIABILITIES (8,237 ) (9,644 )
NET ASSETS 315,210 371,442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 315,110 371,342
SHAREHOLDERS' FUNDS 315,210 371,442

Melody Healthcare Limited (Registered number: 04637944)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr B Bhakta - Director


Melody Healthcare Limited (Registered number: 04637944)

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


1. STATUTORY INFORMATION

Melody Healthcare Limited 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 comprises goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. The remaining written down value is amortised to profit and loss account over ten years.

Tangible fixed assets
Leasehold 10% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 15% Reducing balance

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

Taxation
The charge of taxation taken into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

Melody Healthcare Limited (Registered number: 04637944)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 185,004
AMORTISATION
At 1 February 2023
and 31 January 2024 185,004
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 42,098 104,995 9,128 15,230 171,451
Additions - 740 - 2,850 3,590
At 31 January 2024 42,098 105,735 9,128 18,080 175,041
DEPRECIATION
At 1 February 2023 33,680 81,166 8,614 5,600 129,060
Charge for year 4,210 3,630 128 1,806 9,774
At 31 January 2024 37,890 84,796 8,742 7,406 138,834
NET BOOK VALUE
At 31 January 2024 4,208 20,939 386 10,674 36,207
At 31 January 2023 8,418 23,829 514 9,630 42,391

Melody Healthcare Limited (Registered number: 04637944)

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


6. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 February 2023 215,806
Disposals (215,806 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 215,806

7. STOCKS
31.1.24 31.1.23
£    £   
Stocks 65,179 69,917

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 123,831 109,955
Amounts owed by group undertakings 41,203 2,440
Other debtors 506,901 16,910
671,935 129,305

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 39,953 27,579
Trade creditors 157,969 128,258
Taxation and social security 23,302 19,305
Other creditors 111,992 33,457
333,216 208,599

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 198,742 116,173

Melody Healthcare Limited (Registered number: 04637944)

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


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 198,742 116,173

11. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £16,000 to Melody SSAS a pension scheme in which Mr and Mrs Bhakta are the beneficiaries.

As of 31 January 2024, the company was owed £41,203 (2023 - £2,440) by Melody Healthcare Holdings Limited.

As of 31 January 2024, the company was owed £490,920 (2023 - NIL) by NSB Healthcare Limited.