1 September 2023 false No description of principal activity Taxfiler 2024.6.1 03416585business:PrivateLimitedCompanyLtd2023-09-012024-08-31 034165852023-08-31 034165852023-09-012024-08-31 03416585business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 03416585business:FilletedAccounts2023-09-012024-08-31 034165852024-08-31 03416585business:Director12023-09-012024-08-31 03416585business:Director22023-09-012024-08-31 03416585business:RegisteredOffice2023-09-012024-08-31 034165852023-08-31 03416585core:WithinOneYear2024-08-31 03416585core:WithinOneYear2023-08-31 03416585core:AfterOneYear2024-08-31 03416585core:AfterOneYear2023-08-31 03416585core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 03416585core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 03416585core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 03416585core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 03416585core:PreviouslyStatedAmount2024-08-31 03416585core:PreviouslyStatedAmount2023-08-31 03416585business:SmallEntities2023-09-012024-08-31 03416585countries:EnglandWales2023-09-012024-08-31 03416585core:PlantMachinery2023-09-012024-08-31 03416585core:FurnitureFittings2023-09-012024-08-31 03416585core:ComputerEquipment2023-09-012024-08-31 03416585core:PlantMachinery2023-08-31 03416585core:FurnitureFittings2023-08-31 03416585core:ComputerEquipment2023-08-31 03416585core:PlantMachinery2024-08-31 03416585core:FurnitureFittings2024-08-31 03416585core:ComputerEquipment2024-08-31 034165852022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Melton Hardware Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
946 
1,112 
Current assets
Inventories
249,000 
238,400 
Debtors
78,402 
86,514 
Cash at bank and in hand
237,981 
302,460 
565,383 
627,374 
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 
Capital and reserves
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
- 4 -
Melton Hardware Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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 
Depreciation
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 
Net book value
At 31 August 2024
155 
91 
700 
946 
At 31 August 2023
182 
107 
823 
1,112 
- 5 -
Melton Hardware Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
76,412 
86,514 
Accrued income and prepayments
1,990 
- 
78,402 
86,514 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,122 
15,249 
Trade creditors
36,550 
38,563 
Taxes and social security
469 
5,948 
Loans from directors
218 
374 
Accruals
2,950 
3,630 
52,309 
63,764 
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).
- 6 -