Company Registration No. 07525458 (England and Wales)
Meltoma Design Limited
Unaudited accounts
for the year ended 29 February 2024
Meltoma Design Limited
Unaudited accounts
Contents
Meltoma Design Limited
Company Information
for the year ended 29 February 2024
Directors
Mr Toma Pople
Mr Paul Clifford
Company Number
07525458 (England and Wales)
Registered Office
85-87 Bayham Street,
Camden,
London,
NW1 0AG
Accountants
Charterwells
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
Meltoma Design Limited
Statement of financial position
as at 29 February 2024
Tangible assets
7,489
3,819
Cash at bank and in hand
2,453
1,839
Creditors: amounts falling due within one year
(23,772)
(19,905)
Net current liabilities
(7,359)
(11,435)
Net assets/(liabilities)
130
(7,616)
Called up share capital
100
100
Profit and loss account
30
(7,716)
Shareholders' funds
130
(7,616)
For the year ending 29 February 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 28 November 2024 and were signed on its behalf by
Mr Toma Pople
Director
Company Registration No. 07525458
Meltoma Design Limited
Notes to the Accounts
for the year ended 29 February 2024
Meltoma Design Limited is a private company, limited by shares, registered in England and Wales, registration number 07525458. The registered office is 85-87 Bayham Street,, Camden,, London,, NW1 0AG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings
1/3 SLB
Computer equipment
1/3 SLB
The income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expenses that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognized on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilized. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Current or deferred tax for the year is recognized in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Meltoma Design Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
267
12,554
12,821
At 29 February 2024
267
19,969
20,236
At 1 March 2023
267
8,735
9,002
Charge for the year
-
3,745
3,745
At 29 February 2024
267
12,480
12,747
At 29 February 2024
-
7,489
7,489
At 28 February 2023
-
3,819
3,819
Amounts falling due within one year
Trade debtors
11,679
4,350
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,512
4,827
Taxes and social security
2,803
3,764
Other creditors
17,244
17,244
Loans from directors
(5,282)
(7,864)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The above loan is unsecured, interest free and repayable on demand.
The company's ultimate controlling party is Melvin Clifford by virtue of his ownership of 60% of the issued share capital in the company.
Meltoma Design Limited
Notes to the Accounts
for the year ended 29 February 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).