Melia Wealth Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06519267 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

MELIA WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K G Duckworth

SECRETARY:

Ms L Melia

REGISTERED OFFICE:

10 Peregrine Crescent

Droylsden

Manchester

Lancashire

M43 7TX

REGISTERED NUMBER:

06519267 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

2

1,390

1,631

CURRENT ASSETS

Debtors

12,425

12,404

Cash at bank

43,230

89,552

55,655

101,956

CREDITORS

Amounts falling due within one year

8,143

13,697

NET CURRENT ASSETS

47,512

88,259

TOTAL ASSETS LESS CURRENT LIABILITIES

48,902

89,890

PROVISIONS FOR LIABILITIES

278

326

NET ASSETS

48,624

89,564

CAPITAL AND RESERVES

Called up share capital

3

111

111

Profit and loss account

48,513

89,453

SHAREHOLDERS' FUNDS

48,624

89,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1st May 2015 and were signed by:

K G Duckworth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

4,986

Additions

397

At 31st March 2015

5,383

DEPRECIATION

At 1st April 2014

3,355

Charge for year

638

At 31st March 2015

3,993

NET BOOK VALUE

At 31st March 2015

1,390

At 31st March 2014

1,631

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

111

Ordinary

£1

111

111

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2015 and

31st March 2014:

31.3.15

31.3.14

£

£

K G Duckworth

Balance outstanding at start of year

12,404

16,618

Amounts advanced

40,874

48,709

Amounts repaid

(40,853

)

(52,923

)

Balance outstanding at end of year

12,425

12,404

These loans are interest free, unsecured and are repayable on demand.