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Company Registration No. 13878985 (England and Wales)
Meloak Ltd Unaudited accounts for the year ended 31 March 2024
Meloak Ltd Unaudited accounts Contents
Page
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Meloak Ltd Company Information for the year ended 31 March 2024
Director
M L Akkar
Company Number
13878985 (England and Wales)
Registered Office
20 Poplar Grove London W6 7RE UK
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Meloak Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,139 
- 
Tangible assets
45,026 
54,088 
Investments
164,639 
37,358 
216,804 
91,446 
Current assets
Debtors
3,537 
2,516 
Cash at bank and in hand
271,166 
164,793 
274,703 
167,309 
Creditors: amounts falling due within one year
(93,914)
(39,181)
Net current assets
180,789 
128,128 
Total assets less current liabilities
397,593 
219,574 
Provisions for liabilities
Deferred tax
(13,522)
(13,522)
Net assets
384,071 
206,052 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
383,971 
205,952 
Shareholders' funds
384,071 
206,052 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 3 December 2024 and were signed on its behalf by
M L Akkar Director Company Registration No. 13878985
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Meloak Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Meloak Ltd is a private company, limited by shares, registered in England and Wales, registration number 13878985. The registered office is 20 Poplar Grove, London, W6 7RE, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
25 % reducing balance
Computer equipment
3 years straight line
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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Meloak Ltd Notes to the Accounts for the year ended 31 March 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments are included at fair value.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the director has made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets and investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
- 
Additions
7,449 
At 31 March 2024
7,449 
Amortisation
At 1 April 2023
- 
Charge for the year
310 
At 31 March 2024
310 
Net book value
At 31 March 2024
7,139 
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Meloak Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
358 
53,280 
2,048 
55,686 
Additions
573 
- 
4,734 
5,307 
At 31 March 2024
931 
53,280 
6,782 
60,993 
Depreciation
At 1 April 2023
38 
1,110 
450 
1,598 
Charge for the year
138 
13,043 
1,188 
14,369 
At 31 March 2024
176 
14,153 
1,638 
15,967 
Net book value
At 31 March 2024
755 
39,127 
5,144 
45,026 
At 31 March 2023
320 
52,170 
1,598 
54,088 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
37,358 
Additions
400,000 
Disposals
(272,719)
Valuation at 31 March 2024
164,639 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
398 
383 
Accrued income and prepayments
3,039 
2,033 
Other debtors
100 
100 
3,537 
2,516 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,261 
556 
Taxes and social security
63,320 
38,625 
Deferred income
27,333 
- 
93,914 
39,181 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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