REGISTERED NUMBER: 08742028 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MELEK CIRCUITS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Bennett

Mr K Bennett

REGISTERED OFFICE:

Seven As

Sheet Road

Ludlow

Shropshire

SY8 1LJ

REGISTERED NUMBER:

08742028 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,106

933

1,106

933

CURRENT ASSETS

Stocks

6

148

342

Debtors

7

1,727

4,450

Cash at bank

6,874

8,701

8,749

13,493

CREDITORS

Amounts falling due within one year

8

5,735

12,121

NET CURRENT ASSETS

3,014

1,372

TOTAL ASSETS LESS CURRENT LIABILITIES

4,120

2,305

CREDITORS

Amounts falling due after more than one year

9

66,500

66,500

NET LIABILITIES

(62,380

)

(64,195

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(62,480

)

(64,295

)

SHAREHOLDERS' FUNDS

(62,380

)

(64,195

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mrs S E Bennett - Director

1.	STATUTORY INFORMATION

Melek Circuits 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Computer equipment

-

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.

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 statement of financial position date.

Going concern

The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

70,000

AMORTISATION

At 1 January 2024

and 31 December 2024

70,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

1,600

3,655

5,255

Additions

-

541

541

At 31 December 2024

1,600

4,196

5,796

DEPRECIATION

At 1 January 2024

1,535

2,787

4,322

Charge for year

16

352

368

At 31 December 2024

1,551

3,139

4,690

NET BOOK VALUE

At 31 December 2024

49

1,057

1,106

At 31 December 2023

65

868

933

6.

STOCKS

2024

2023

£

£

Stocks

148

342

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,727

4,450

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

123

1,392

VAT

542

1,134

Directors' loan accounts

3,490

8,095

Accrued expenses

1,580

1,500

5,735

12,121

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

66,500

66,500

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary share capital

£1

100

100

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr & Mrs Bennett who hold 100% of the issued ordinary share capital.