Registered number
11695805
MELS KITCHEN LTD
Unaudited Filleted Accounts
30 November 2024
MELS KITCHEN LTD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MELS KITCHEN LTD for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MELS KITCHEN LTD for the year ended 30 November 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
….......................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
11 April 2025
MELS KITCHEN LTD
Registered number: 11695805
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,550 9,075
Current assets
Stocks 1,425 1,696
Debtors 4 13,551 13,750
Cash at bank and in hand 35,794 28,202
50,770 43,648
Creditors: amounts falling due within one year 5 (32,493) (22,888)
Net current assets 18,277 20,760
Total assets less current liabilities 26,827 29,835
Creditors: amounts falling due after more than one year 6 (26,396) (29,614)
Net assets 431 221
Capital and reserves
Called up share capital 100 100
Profit and loss account 331 121
Shareholder's funds 431 221
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 ERCAN MUTLU
Director
Approved by the board on 11 April 2025
MELS KITCHEN LTD
Notes to the Accounts
for the year ended 30 November 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. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Fixtures, fittings, tools and equipment 20% Reducing Balance Method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 19,263
Additions 1,612
At 30 November 2024 20,875
Depreciation
At 1 December 2023 10,188
Charge for the year 2,137
At 30 November 2024 12,325
Net book value
At 30 November 2024 8,550
At 30 November 2023 9,075
4 Debtors 2024 2023
£ £
Trade debtors 51 -
Other debtors 13,500 13,750
13,551 13,750
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,321 5,536
Trade creditors 3,444 3,434
Taxation and social security costs 17,967 12,384
Other creditors 5,761 1,534
32,493 22,888
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 26,396 29,614
7 Other information
MELS KITCHEN LTD is a private company limited by shares and incorporated in England. Its registered office is:
STUDIO 6
6 HORNSEY STREET
LONDON
N7 8GR
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