REGISTERED NUMBER: 05581715 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MELITA P.O.S. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr SR Jacques

Mrs SM Jacques

Mr DL Jacques

Mrs ESM Havard

REGISTERED OFFICE:

20 Centurion Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WH

REGISTERED NUMBER:

05581715 (England and Wales)

FIXED ASSETS

Tangible assets

4

469,292

313,951

CURRENT ASSETS

Stocks

5

7,819

109,901

Debtors

6

2,164,757

3,441,085

Cash at bank and in hand

944,791

720,822

3,117,367

4,271,808

CREDITORS

Amounts falling due within one year

7

643,305

1,688,536

NET CURRENT ASSETS

2,474,062

2,583,272

TOTAL ASSETS LESS CURRENT LIABILITIES

2,943,354

2,897,223

CREDITORS

Amounts falling due after more than one year

8

(104,369

)

(102,539

)

PROVISIONS FOR LIABILITIES

10

(115,787

)

(78,299

)

NET ASSETS

2,723,198

2,716,385

CAPITAL AND RESERVES

Called up share capital

34

34

Retained earnings

2,723,164

2,716,351

2,723,198

2,716,385

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 19 September 2025 and were signed on its behalf by:

Mrs ESM Havard - Director

1.	STATUTORY INFORMATION

Melita P.O.S. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration and on completion of work.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

133,198

7,479

295,860

-

436,537

Additions

100,208

31,542

107,950

31,236

270,936

At 31 December 2024

233,406

39,021

403,810

31,236

707,473

DEPRECIATION

At 1 January 2024

19,275

1,909

101,402

-

122,586

Charge for year

40,228

9,016

65,137

1,214

115,595

At 31 December 2024

59,503

10,925

166,539

1,214

238,181

NET BOOK VALUE

At 31 December 2024

173,903

28,096

237,271

30,022

469,292

At 31 December 2023

113,923

5,570

194,458

-

313,951

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

257,465

Additions

107,155

At 31 December 2024

364,620

DEPRECIATION

At 1 January 2024

99,802

Charge for year

55,740

At 31 December 2024

155,542

NET BOOK VALUE

At 31 December 2024

209,078

At 31 December 2023

157,663

5.

STOCKS

2024

2023

£

£

Stocks

3,500

3,500

Work-in-progress

4,319

106,401

7,819

109,901

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

820,904

3,414,406

Amounts owed by group undertakings

1,276,697

-

Other debtors

67,156

26,679

2,164,757

3,441,085

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

84,614

65,257

Trade creditors

199,477

130,950

Amounts owed to group undertakings

-

273,182

Taxation and social security

72,891

274,180

Other creditors

286,323

944,967

643,305

1,688,536

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

104,369

102,539

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

84,614

65,257

Between one and five years

104,369

102,539

188,983

167,796

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred taxation

115,787

78,299

Deferred

tax

£

Balance at 1 January 2024

78,299

Accelerated capital allowances

Movement in year

37,488

Balance at 31 December 2024

115,787

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr DL Jacques

Balance outstanding at start of year

5,000

-

Amounts advanced

-

5,000

Amounts repaid

(1,800

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,200

5,000

Amounts advanced are interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is D & E Leicester Limited which is registered in England and Wales. D & E Leicester Limited is under the control of Mr DL Jacques and Mrs ESM Havard by virtue of their directorship and shareholdings.