Company registration number 15327318 (England and Wales)
MELLOR + BRUT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
MELLOR + BRUT LIMITED
COMPANY INFORMATION
Directors
Mr D J Gingell
(Appointed 4 December 2023)
Mr J Cometto
(Appointed 4 December 2023)
Mr C A Mellor
(Appointed 4 December 2023)
Company number
15327318
Registered office
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
MELLOR + BRUT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
MELLOR + BRUT LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MELLOR + BRUT LIMITED FOR THE PERIOD ENDED 31 AUGUST 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mellor + Brut Limited for the period ended 31 August 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Mellor + Brut Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Mellor + Brut Limited and state those matters that we have agreed to state to the Board of Directors of Mellor + Brut Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mellor + Brut Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Mellor + Brut Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mellor + Brut Limited. You consider that Mellor + Brut Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Mellor + Brut Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kirk Rice LLP
29 May 2025
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
MELLOR + BRUT LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
2024
Notes
£
£
Fixed assets
Tangible assets
4
750
Current assets
Debtors
5
25
Creditors: amounts falling due within one year
6
(99,629)
Net current liabilities
(99,604)
Net liabilities
(98,854)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(98,954)
Total equity
(98,854)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
Mr D J Gingell
Director
Company registration number 15327318 (England and Wales)
MELLOR + BRUT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
Mellor + Brut Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kirk Rice LLP, Victoria House, 178-180 Fleet Road, Fleet, Hampshire, GU51 4DA.
1.1
Reporting period
The company was incorporated on 4 December 2023. As Mellor + Brut Limited is a subsidiary of a trading company with an August year end, the directors have decided that the company should also have an August year end. Therefore, the period covered by these financial statements is of less than one year.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for clothing and homeware goods provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
4 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
MELLOR + BRUT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.
Basic financial assets
Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.
Basic financial liabilities
Creditors are not interest bearing and are included at their nominal value.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
MELLOR + BRUT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 4 December 2023
Additions
857
At 31 August 2024
857
Depreciation and impairment
At 4 December 2023
Depreciation charged in the period
107
At 31 August 2024
107
Carrying amount
At 31 August 2024
750
5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
25
6
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
81,245
Other creditors
18,384
99,629
7
Related party transactions
During the period, Mellor + Brut Limited received funding from its parent. The balance outstanding at the period end was £81,245 due to the parent.
Funding was also received from a company under common control. The outstanding payable balance at the period end was £17,064 owed to the company.
Balances with related parties are interest-free and repayable on demand.