Silverfin false false 31/07/2024 14/07/2023 31/07/2024 L Bur 14/07/2023 16 January 2025 The company was incorporated on 14 July 2023 and commenced trading on the same day. The principal activity of the company is that of providing designing consultancy services. 15002903 2024-07-31 15002903 bus:Director1 2024-07-31 15002903 core:CurrentFinancialInstruments 2024-07-31 15002903 core:ShareCapital 2024-07-31 15002903 core:RetainedEarningsAccumulatedLosses 2024-07-31 15002903 bus:OrdinaryShareClass1 2024-07-31 15002903 2023-07-14 2024-07-31 15002903 bus:FilletedAccounts 2023-07-14 2024-07-31 15002903 bus:SmallEntities 2023-07-14 2024-07-31 15002903 bus:AuditExemptWithAccountantsReport 2023-07-14 2024-07-31 15002903 bus:PrivateLimitedCompanyLtd 2023-07-14 2024-07-31 15002903 bus:Director1 2023-07-14 2024-07-31 15002903 bus:OrdinaryShareClass1 2023-07-14 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15002903 (England and Wales)

MELDA BUR LIMITED

Unaudited Financial Statements
For the financial period from 14 July 2023 to 31 July 2024
Pages for filing with the registrar

MELDA BUR LIMITED

Unaudited Financial Statements

For the financial period from 14 July 2023 to 31 July 2024

Contents

MELDA BUR LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
MELDA BUR LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 31.07.2024
£
Current assets
Debtors 3 33,900
Cash at bank and in hand 94,384
128,284
Creditors: amounts falling due within one year 4 ( 49,948)
Net current assets 78,336
Total assets less current liabilities 78,336
Net assets 78,336
Capital and reserves
Called-up share capital 5 1
Profit and loss account 78,335
Total shareholder's funds 78,336

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Melda Bur Limited (registered number: 15002903) were approved and authorised for issue by the Director on 16 January 2025. They were signed on its behalf by:

L Bur
Director
MELDA BUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 July 2023 to 31 July 2024
MELDA BUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 14 July 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Melda Bur Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The director has elected to prepare these financial statements, which represent the company's first set of accounts, for a 12 month 18 day period beginning from the date of incorporation of the company on 14 July 2023.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

.

2. Employees

Period from
14.07.2023 to
31.07.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Debtors

31.07.2024
£
Accrued income 33,900

4. Creditors: amounts falling due within one year

31.07.2024
£
Taxation and social security 47,449
Other creditors 2,499
49,948

5. Called-up share capital

31.07.2024
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

On 14th July 2023, the day of incorporation, 1 Ordinary share of £1 each were allotted and fully paid.