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REGISTERED NUMBER: 04986997 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MELISSA ELECTRICAL DISTRIBUTORS LTD

MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELISSA ELECTRICAL DISTRIBUTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr Timothy Ralph Garlinge





REGISTERED OFFICE: 58 Stanstead Road
Hoddesdon
Hertfordshire
EN11 0RL





REGISTERED NUMBER: 04986997 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,496 32,772
34,496 32,772

CURRENT ASSETS
Stocks 86,718 90,041
Debtors 6 313,851 303,895
Cash at bank 78,172 78,233
478,741 472,169
CREDITORS
Amounts falling due within one year 7 193,338 187,277
NET CURRENT ASSETS 285,403 284,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,899

317,664

CREDITORS
Amounts falling due after more than one
year

8

7,805

17,805
NET ASSETS 312,094 299,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 311,994 299,759
SHAREHOLDERS' FUNDS 312,094 299,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





Mr Timothy Ralph Garlinge - Director


MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Melissa Electrical Distributors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 64,755
AMORTISATION
At 1 October 2023
and 30 September 2024 64,755
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 41,225 2,361 30,474 74,060
Additions 8,742 - 2,906 11,648
Disposals (7,880 ) - - (7,880 )
At 30 September 2024 42,087 2,361 33,380 77,828
DEPRECIATION
At 1 October 2023 12,468 1,632 27,188 41,288
Charge for year 4,264 242 1,433 5,939
Eliminated on disposal (3,895 ) - - (3,895 )
At 30 September 2024 12,837 1,874 28,621 43,332
NET BOOK VALUE
At 30 September 2024 29,250 487 4,759 34,496
At 30 September 2023 28,757 729 3,286 32,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 177,793 140,745
Other debtors 136,058 163,150
313,851 303,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 125 -
Trade creditors 139,236 147,776
Taxation and social security 28,116 27,105
Other creditors 25,861 12,396
193,338 187,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 7,805 17,805

MELISSA ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 04986997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 125 -
Other loans 10,000 10,000
10,125 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,805 17,805

10. RELATED PARTY DISCLOSURES

Included within Other Creditors, as at 30th September 2024, an amount of £3,790 (2023: £91) is due to the director. No interest is charged in respect of the loan.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T R Garlinge by virtue of his shareholding in the parent company TG Investments Limited.