Melton Wheelie Jet Limited Filleted Accounts Cover
Melton Wheelie Jet Limited
Company No. 13514689
Information for Filing with The Registrar
31 December 2023
Melton Wheelie Jet Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was specialist cleaning services.
Directors
The Directors who served at any time during the year were as follows:
Joseph Kightley
Mark Kightley
Samuel Kightley
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Samuel Kightley
Director
03 February 2025
Melton Wheelie Jet Limited Balance Sheet Registrar
at
31 December 2023
Company No.
13514689
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
2,301-
Tangible assets
5
36,57547,717
38,87647,717
Current assets
Debtors
6
2,296100
Cash at bank and in hand
4185,939
2,7146,039
Creditors: Amount falling due within one year
7
(51,722)
(53,290)
Net current liabilities
(49,008)
(47,251)
Total assets less current liabilities
(10,132)
466
Creditors: Amounts falling due after more than one year
8
(8,996)
(12,584)
Net liabilities
(19,128)
(12,118)
Capital and reserves
Called up share capital
100100
Profit and loss account
12
(19,228)
(12,218)
Total equity
(19,128)
(12,118)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 February 2025 and signed on its behalf by:
Samuel Kightley
Director
03 February 2025
Melton Wheelie Jet Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Melton Wheelie Jet Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13514689
Its registered office is:
C17
Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The principal creditor of the company is another company in which the director Mark Kightley is also a director and a substantial shareholder. The company has confirmed that it does not intend to withdraw its financial support in the foreseeable future.
2
Accounting policies
Turnover
Turnover represents the fair value of the consideration receivable in respect of services provided during the year. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Intangible fixed assets are amortised over 3 years on a straight line basis.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Taxation
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 profit and loss account because of items of income or expense 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 recognised 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 recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. 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.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Exemption from related party transactions
The company has taken advantage of the exemption within the paragraph 33 of FRS102 and on the basis of that exemption transactions with companies in the same wholly owned group of companies have not been disclosed.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
32
4
Intangible fixed assets
Website
Total
£
£
Cost
Additions
3,4513,451
At 31 December 2023
3,4513,451
Amortisation and impairment
Charge for the year
1,1501,150
At 31 December 2023
1,1501,150
Net book values
At 31 December 2023
2,3012,301
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 January 2023
26,39421,5782,84750,819
Additions
--900900
At 31 December 2023
26,39421,5783,74751,719
Depreciation
At 1 January 2023
1,1001,7982043,102
Charge for the year
6,3244,94577312,042
At 31 December 2023
7,4246,74397715,144
Net book values
At 31 December 2023
18,97014,8352,77036,575
At 31 December 2022
25,294
19,780
2,643
47,717
6
Debtors
2023
2022
£
£
Loans to directors
2,196-
Other debtors
100100
2,296100
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Obligations under finance lease and hire purchase contracts
3,5993,598
Loans from directors
41745,394
Other creditors
46,3933,384
Accruals and deferred income
1,313914
51,72253,290
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Obligations under finance lease and hire purchase contracts
8,99612,584
8,99612,584
9
Creditors: secured liabilities
2023
2022
£
£
The aggregate amount of secured liabilities included within creditors
12,59516,183
Hire purchase liabilities are secured on the assets to which they relate.
10
Share Capital
100 ordinary shares of £1 each, issued and fully paid.
11
Related party transactions
Balances owed to and from directors
2023
2022
£
£
Name of Director
Mark Kightley
Balance at 1 January 2023
(44,511)
-
Amounts advanced
68,585
70
Amounts repaid
(24,179)
(44,581)
Balance at 31 December 2023
(105)
(44,511)
Name of Director
Samuel Kightley
Balance at 1 January 2023
(883)
-
Amounts advanced
29,959
6,503
Amounts repaid
(26,880)
(7,386)
Balance at 31 December 2023
2,196
(883)
Name of Director
Joseph Kightley
Balance at 1 January 2023
-
-
Amounts advanced
-
-
Amounts repaid
(312)
-
Balance at 31 December 2023
(312)
-
The above balances are free of interest, unsecured and are repayable upon demand.
Transactions with other related parties
The director M Kightley is also a director of another company.
At 31 December 2023, Melton Wheelie Jet owed £43,000 (2022 £nil) to the other company.
The above balance is free of interest, unsecured and is repayable upon demand.
12
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
13
Controlling party
The company is subsidiary undertaking of Kightley Group (Holdings) Limited, a company incorporated in and registered in England and Wales.
Kightley Group (Holdings) Limited is the immediate controlling party.
The Registered Office of Kightley Group (Holdings) Limited is shown in Note 1 above.
The ultimate controlling party is the board of directors of the company.
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