0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,264 400 6,664 5,610 158 5,768 896 654 xbrli:pure xbrli:shares iso4217:GBP 05671738 2024-02-01 2025-01-31 05671738 2025-01-31 05671738 2024-01-31 05671738 2023-02-01 2024-01-31 05671738 2024-01-31 05671738 2023-01-31 05671738 bus:Director1 2024-02-01 2025-01-31 05671738 core:WithinOneYear 2025-01-31 05671738 core:WithinOneYear 2024-01-31 05671738 core:ShareCapital 2025-01-31 05671738 core:ShareCapital 2024-01-31 05671738 core:RetainedEarningsAccumulatedLosses 2025-01-31 05671738 core:RetainedEarningsAccumulatedLosses 2024-01-31 05671738 bus:Director1 2024-01-31 05671738 bus:Director1 2025-01-31 05671738 bus:Director1 2023-01-31 05671738 bus:Director1 2024-01-31 05671738 bus:Director1 2023-02-01 2024-01-31 05671738 bus:SmallEntities 2024-02-01 2025-01-31 05671738 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 05671738 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05671738 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05671738 bus:FullAccounts 2024-02-01 2025-01-31 05671738 core:OfficeEquipment 2024-02-01 2025-01-31 05671738 core:OfficeEquipment 2024-01-31 05671738 core:OfficeEquipment 2025-01-31
COMPANY REGISTRATION NUMBER: 05671738
MELSIS CREATIONS LIMITED
Filleted Unaudited Financial Statements
31 January 2025
MELSIS CREATIONS LIMITED
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
4
896
654
Current assets
Debtors
5
54
Cash at bank and in hand
3,310
6,110
-------
-------
3,364
6,110
Creditors: amounts falling due within one year
6
5,962
7,896
-------
-------
Net current liabilities
2,598
1,786
-------
-------
Total assets less current liabilities
( 1,702)
( 1,132)
-------
-------
Net liabilities
( 1,702)
( 1,132)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 1,802)
( 1,232)
-------
-------
Shareholders deficit
( 1,702)
( 1,132)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MELSIS CREATIONS LIMITED
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 5 June 2025 , and are signed on behalf of the board by:
S Shahidi
Director
Company registration number: 05671738
MELSIS CREATIONS LIMITED
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 42 Eelbrook Avenue, Bradwell Common, Milton Keynes, MK13 8RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2024
6,264
6,264
Additions
400
400
-------
-------
At 31 January 2025
6,664
6,664
-------
-------
Depreciation
At 1 February 2024
5,610
5,610
Charge for the year
158
158
-------
-------
At 31 January 2025
5,768
5,768
-------
-------
Carrying amount
At 31 January 2025
896
896
-------
-------
At 31 January 2024
654
654
-------
-------
5. Debtors
2025
2024
£
£
Corporation tax repayable
54
----
----
6. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
394
373
Corporation tax
55
Director loan accounts
5,568
7,468
-------
-------
5,962
7,896
-------
-------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
S Shahidi
( 7,468)
1,900
( 5,568)
-------
-------
----
-------
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
S Shahidi
( 6,737)
( 731)
( 7,468)
-------
----
----
-------