Mellcrest Limited - Accounts to registrar (filleted) - small 18.2
Mellcrest Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2019 |
for |
Mellcrest Limited |
Mellcrest Limited (Registered number: 02212481) |
Contents of the Financial Statements |
for the Year Ended 31 August 2019 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Mellcrest Limited (Registered number: 02212481) |
Balance Sheet |
31 August 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Mellcrest Limited (Registered number: 02212481) |
Balance Sheet - continued |
31 August 2019 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
Mellcrest Limited (Registered number: 02212481) |
Notes to the Financial Statements |
for the Year Ended 31 August 2019 |
1. | STATUTORY INFORMATION |
Mellcrest Limited is a |
registered number and registered office address are as below: |
Registered number: | 02212481 |
Registered office: | Unit 7 |
Curo Park |
Frogmore |
St. Albans |
AL2 2DD |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. |
Turnover |
Turnover represents net invoiced sales, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 tax. Tax is recognised in the Profit and Loss Account, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
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. |
Mellcrest Limited (Registered number: 02212481) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2018 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2019 |
DEPRECIATION |
At 1 September 2018 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2019 |
NET BOOK VALUE |
At 31 August 2019 |
At 31 August 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
Mellcrest Limited (Registered number: 02212481) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 364,197 | 402,779 |
8. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase are £130,376 (2018: £107,133) |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2019 | 2018 |
£ | £ |
Bank loans |
Hire purchase contracts | 130,376 | 107,133 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 31st August 2019: |
Director 1 |
2019 | 2018 |
£ | £ |
Amounts Advanced | 124,341 | 196,984 |
Amounts Repaid | (18,354 | ) | (196,985 | ) |
The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC. |