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REGISTERED NUMBER: 05053926 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Melluish & Davis Associates Limited

Melluish & Davis Associates Limited (Registered number: 05053926)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Melluish & Davis Associates Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: J P S Davis
B Melluish





SECRETARY: J P S Davis





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 05053926 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Melluish & Davis Associates Limited (Registered number: 05053926)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,600 13,600
Tangible assets 5 4,984 6,230
18,584 19,830

CURRENT ASSETS
Stocks 9,000 7,000
Debtors 6 21,788 29,210
Cash at bank 60,798 63,003
91,586 99,213
CREDITORS
Amounts falling due within one year 7 85,353 98,854
NET CURRENT ASSETS 6,233 359
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,817

20,189

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 9 24,715 20,087
SHAREHOLDERS' FUNDS 24,817 20,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Melluish & Davis Associates Limited (Registered number: 05053926)

Balance Sheet - continued
29 February 2024


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 23 October 2024 and were signed on its behalf by:




J P S Davis - Director



B Melluish - Director


Melluish & Davis Associates Limited (Registered number: 05053926)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Melluish & Davis Associates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on 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
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.


Melluish & Davis Associates Limited (Registered number: 05053926)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 13,600
NET BOOK VALUE
At 29 February 2024 13,600
At 28 February 2023 13,600

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 17,886 183 6,397 24,466
DEPRECIATION
At 1 March 2023 11,994 183 6,059 18,236
Charge for year 1,178 - 68 1,246
At 29 February 2024 13,172 183 6,127 19,482
NET BOOK VALUE
At 29 February 2024 4,714 - 270 4,984
At 28 February 2023 5,892 - 338 6,230

Melluish & Davis Associates Limited (Registered number: 05053926)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 20,010 25,848
Prepayments 1,778 3,362
21,788 29,210

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 39,389 29,961
Tax 16,362 17,141
VAT 15,352 14,101
Directors' current accounts 11,585 34,986
Accrued expenses 2,665 2,665
85,353 98,854

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary A £1 100 100
2 Ordinary B £1 2 2
102 102

9. RESERVES
Retained
earnings
£   

At 1 March 2023 20,087
Profit for the year 84,628
Dividends (80,000 )
At 29 February 2024 24,715