Registered number
04472422
D Melling and Sons (Forecourt) Limited
Unaudited Filleted Accounts
31 May 2024
D Melling and Sons (Forecourt) Limited
Registered number: 04472422
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 174,584 62,338
Current assets
Stocks 91,545 120,395
Debtors 4 64,027 45,804
Cash at bank and in hand 150,838 311,108
306,410 477,307
Creditors: amounts falling due within one year 5 (232,467) (267,386)
Net current assets 73,943 209,921
Net assets 248,527 272,259
Capital and reserves
Called up share capital 100 100
Profit and loss account 248,427 272,159
Shareholders' funds 248,527 272,259
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Melling Mr S Melling
Director Director
Approved by the board on 06.09.2024
D Melling and Sons (Forecourt) Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 15% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and net realisable value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 89,684 55,209 144,893
Additions 7,202 166,747 173,949
Disposals - (22,000) (22,000)
At 31 May 2024 96,886 199,956 296,842
Depreciation
At 1 June 2023 53,562 28,993 82,555
Charge for the year 6,498 45,921 52,419
On disposals - (12,716) (12,716)
At 31 May 2024 60,060 62,198 122,258
Net book value
At 31 May 2024 36,826 137,758 174,584
At 31 May 2023 36,122 26,216 62,338
4 Debtors 2024 2023
£ £
Trade debtors 55,708 39,003
Other debtors 8,319 6,801
64,027 45,804
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 55,016 41,459
Corporation tax 8,028 50,134
Other taxes and social security costs 30,276 30,916
Other creditors 139,147 144,877
232,467 267,386
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr R Melling and Mrs C Melling
Directors Loan Account (70,689) 80,130 (9,036) 405
Mr S Melling and Mrs R Melling
Directors Loan Account (74,187) 83,917 (9,000) 730
(144,876) 164,047 (18,036) 1,135
7 Controlling party
The ultimate controlling party of the company is Mr Ross Melling and Mr Stewart Melling each owning 50% of the issued share capital of the company.
8 Other information
D Melling and Sons (Forecourt) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Ferry Road Office Park
Ferry Road
Preston
Lancashire
PR2 2YH
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