Melange Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC280451 (Scotland)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

Melange Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S Thazhathveettil

REGISTERED OFFICE:

26 Yewlands Gardens

Edinburgh

EH16 6TA

REGISTERED NUMBER:

SC280451 (Scotland)

ACCOUNTANTS:

My Accountant Friend

The Great Barn

White House Farm

Gaddesden Row

Hemel Hempstead

HP2 6HG

CURRENT ASSETS

Debtors

5

4,996

4,268

Cash at bank

9,850

11,592

14,846

15,860

CREDITORS

Amounts falling due within one year

6

14,844

15,858

NET CURRENT ASSETS

2

TOTAL ASSETS LESS CURRENT
LIABILITIES

2

CAPITAL AND RESERVES

Called up share capital

2

SHAREHOLDERS' FUNDS

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 November 2020 and were signed by:

S Thazhathveettil - Director

1.	STATUTORY INFORMATION

Melange Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2019

and 29 February 2020

1,390

DEPRECIATION

At 1 March 2019

and 29 February 2020

1,390

NET BOOK VALUE

At 29 February 2020

-

At 28 February 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

Trade debtors

-

2,310

Directors' current accounts

4,996

1,958

4,996

4,268

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

Tax

9,751

11,186

Social security and other taxes

(260

)

112

VAT

5,353

4,560

14,844

15,858

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2020 and 28 February 2019:

29.2.20

28.2.19

£

S Thazhathveettil

Balance outstanding at start of year

1,958

-

Amounts advanced

4,996

1,958

Amounts repaid

(1,958

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,996

1,958

The loan to the Director of £4,996.30 was repaid within 9 months and 1 day of the company year end.

Melange Limited - Accounts to registrar (filleted) - small 18.2

Melange Limited - Accounts to registrar (filleted) - small 18.2