Company Registration No. 03416585 (England and Wales)
Melton Hardware Limited
Unaudited accounts
for the year ended 31 August 2024
Melton Hardware Limited
Unaudited accounts
Contents
Melton Hardware Limited
Company Information
for the year ended 31 August 2024
Directors
M A Hallam
A Wright
Company Number
03416585 (England and Wales)
Registered Office
101 Scalford Road
Melton Mowbray
Leicestershire
LE13 1JZ
Melton Hardware Limited
Statement of financial position
as at 31 August 2024
Inventories
249,000
238,400
Cash at bank and in hand
237,981
302,460
Creditors: amounts falling due within one year
(52,309)
(63,764)
Net current assets
513,074
563,610
Total assets less current liabilities
514,020
564,722
Creditors: amounts falling due after more than one year
(312,242)
(277,550)
Net assets
201,778
287,172
Called up share capital
9
9
Profit and loss account
201,769
287,163
Shareholders' funds
201,778
287,172
For the year ending 31 August 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 13 November 2024 and were signed on its behalf by
M A Hallam
Director
Company Registration No. 03416585
Melton Hardware Limited
Notes to the Accounts
for the year ended 31 August 2024
Melton Hardware Limited is a private company, limited by shares, registered in England and Wales, registration number 03416585. The registered office is 101 Scalford Road, Melton Mowbray, Leicestershire, LE13 1JZ.
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.
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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
15% of Net book value
Fixtures & fittings
15% of Net book value
Computer equipment
15% of Net book value
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
4,045
3,142
11,250
18,437
At 31 August 2024
4,045
3,142
11,250
18,437
At 1 September 2023
3,863
3,035
10,427
17,325
Charge for the year
27
16
123
166
At 31 August 2024
3,890
3,051
10,550
17,491
At 31 August 2024
155
91
700
946
At 31 August 2023
182
107
823
1,112
Melton Hardware Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
76,412
86,514
Accrued income and prepayments
1,990
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
36,550
38,563
Taxes and social security
469
5,948
Loans from directors
218
374
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
312,242
277,550
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).