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REGISTERED NUMBER: 14884376 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE PERIOD 22 MAY 2023 TO 31 MAY 2024

FOR

THE MELLOW PATCH COMPANY LIMITED

THE MELLOW PATCH COMPANY LIMITED (REGISTERED NUMBER: 14884376)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 MAY 2023 TO 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE MELLOW PATCH COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 22 MAY 2023 TO 31 MAY 2024







DIRECTORS: J Beavan
K C Summers





REGISTERED OFFICE: Unit 11,
Forgehammer Ind Estate,
Cwmbran,
NP44 3AA





REGISTERED NUMBER: 14884376 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

THE MELLOW PATCH COMPANY LIMITED (REGISTERED NUMBER: 14884376)

BALANCE SHEET
31 MAY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 161

CURRENT ASSETS
Stocks 15,000
Debtors 5 11,312
Cash at bank 4,215
30,527
CREDITORS
Amounts falling due within one year 6 30,491
NET CURRENT ASSETS 36
TOTAL ASSETS LESS CURRENT
LIABILITIES

197

CAPITAL AND RESERVES
Called up and paid share capital 100
Retained earnings 97
197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:



J Beavan - Director


THE MELLOW PATCH COMPANY LIMITED (REGISTERED NUMBER: 14884376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 MAY 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

The Mellow Patch Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 25% on reducing balance

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

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


THE MELLOW PATCH COMPANY LIMITED (REGISTERED NUMBER: 14884376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 MAY 2023 TO 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 215
At 31 May 2024 215
DEPRECIATION
Charge for period 54
At 31 May 2024 54
NET BOOK VALUE
At 31 May 2024 161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 11,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 222
Taxation and social security 28,829
Other creditors 1,440
30,491

THE MELLOW PATCH COMPANY LIMITED (REGISTERED NUMBER: 14884376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 MAY 2023 TO 31 MAY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £11,312 and repayments during the year were £nil. At the year end the amount owing to the company was £11,312.