Company Registration No. SC607959 (Scotland)
Melrose Wemyss Associates Limited
Unaudited accounts
for the period from 1 January 2024 to 31 March 2025
Melrose Wemyss Associates Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,564
8,193
Cash at bank and in hand
11,642
49,738
Creditors: amounts falling due within one year
(37,347)
(25,268)
Net current assets
60,897
48,983
Total assets less current liabilities
64,461
57,176
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
63,470
55,608
Shareholders' funds
63,570
55,708
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by
Claire Collins
Director
Company Registration No. SC607959
Melrose Wemyss Associates Limited
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
Melrose Wemyss Associates Limited is a private company, limited by shares, registered in Scotland, registration number SC607959. The registered office is Abbey Mill Business Centre, Mile End Mill, 12 Seedhill Road, Paisley, PA1 1JS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Melrose Wemyss Associates Limited
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
9,580
8,741
4,351
22,672
Disposals
(9,580)
-
-
(9,580)
At 31 March 2025
-
8,741
4,351
13,092
At 1 January 2024
7,306
4,393
2,780
14,479
Charge for the period
-
1,359
996
2,355
On disposals
(7,306)
-
-
(7,306)
At 31 March 2025
-
5,752
3,776
9,528
At 31 March 2025
-
2,989
575
3,564
At 31 December 2023
2,274
4,348
1,571
8,193
Amounts falling due within one year
Trade debtors
38,667
15,337
Amounts due from group undertakings etc.
47,935
-
Accrued income and prepayments
-
9,176
6
Creditors: amounts falling due within one year
2025
2023
Taxes and social security
5,924
12,496
Loans from directors
3,269
1,509
7
Average number of employees
During the period the average number of employees was 4 (2023: 4).