Melwood Developments Ltd - Filleted accounts

Registered number

13067277

Melwood Developments Ltd

Filleted Accounts

31 December 2024

Melwood Developments Ltd
Registered number:		13067277
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Work in progress and stocks		146,839			1,622
Debtors	3	3,400			8,499
Cash at bank and in hand		4,687			103,527
		154,926			113,648

Creditors: amounts falling due within one year	4	(47,233)			(35,289)

Net current assets			107,693			78,359

Net assets			107,693			78,359

Capital and reserves
Called up share capital			1			1
Profit and loss account			107,692			78,358

Shareholders' funds			107,693			78,359

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 members have 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.




Abdul Aziz Roker
Director
Approved by the board on 9 September 2025

Melwood Developments Ltd
Notes to the Accounts
for the year ended 31 December 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	2		2


3	Debtors	2024		2023
£			£

	Taxation and social security costs	-		5,099
	Other debtors	3,400		3,400
		3,400		8,499


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

	Directors loan account	15,557		11,803
	Taxation and social security costs	31,251		22,967
	Other creditors	425		519
		47,233		35,289


5	Other information

	Melwood Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 20 Harwood Street
	Furthergate Business Park
	Blackburn
	Lancashire
	BB1 3BS