MELIO CAPITAL LIMITED - Filleted accounts

Registered number

12985244

MELIO CAPITAL LIMITED

Filleted Accounts

31 October 2024

MELIO CAPITAL LIMITED
Registered number:		12985244
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,267			1,146

Current assets
Debtors	4	815			250
Cash at bank and in hand		40,075			16,618
		40,890			16,868

Creditors: amounts falling due within one year	5	(16,668)			(14,975)

Net current assets			24,222			1,893

Net assets			25,489			3,039

Capital and reserves
Called up share capital			200			200
Profit and loss account			25,289			2,839

Shareholder's funds			25,489			3,039

The directors are 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 directors acknowledge their 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 FRAAZ AHMED
Director
Approved by the board on 8 April 2025

MELIO CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 October 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	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.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2023				3,641
	Additions				1,375
	At 31 October 2024				5,016

	Depreciation
	At 1 November 2023				2,495
	Charge for the year				1,254
	At 31 October 2024				3,749

	Net book value
	At 31 October 2024				1,267
	At 31 October 2023				1,146


4	Debtors		2024		2023
£				£

	Other debtors		815		250


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		953		-
	Taxation and social security costs		8,575		2,825
	Other creditors		7,140		12,150
			16,668		14,975


6	Controlling party

	The controlling interest is held by the directors.


7	Other information

	MELIO CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	HAMILTON HOUSE
	4A THE AVENUE
	LONDON
	E4 9LD