Melgate Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02501708 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

MELGATE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

A G Whelan

Mrs J Whelan

SECRETARY:

Mrs J Whelan

REGISTERED OFFICE:

Rutherford House

Warrington Road

Birch Wood

Warrington

WA3 6ZH

REGISTERED NUMBER:

02501708 (England and Wales)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeenshire

AB12 4XX

FIXED ASSETS

Investments

4

212,077

239,651

CURRENT ASSETS

Cash at bank

1,514

2,689

CREDITORS

Amounts falling due within one year

5

2,398

2,764

NET CURRENT LIABILITIES

(884

)

(75

)

TOTAL ASSETS LESS CURRENT LIABILITIES

211,193

239,576

PROVISIONS FOR LIABILITIES

6

18,807

3,996

NET ASSETS

192,386

235,580

CAPITAL AND RESERVES

Called up share capital

100

100

Non Distributable Reserves

7

56,420

69,823

Retained earnings

135,866

165,657

SHAREHOLDERS' FUNDS

192,386

235,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 16 April 2023 and were signed on its behalf by:

A G Whelan - Director

1.	STATUTORY INFORMATION

Melgate Services 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Financial instruments

Investments in shares are held at fair value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 August 2021

239,651

Additions

4,827

Disposals

(87,082

)

Revaluations

54,681

At 31 July 2022

212,077

NET BOOK VALUE

At 31 July 2022

212,077

At 31 July 2021

239,651

Cost or valuation at 31 July 2022 is represented by:

Other

investments

£

Valuation in 2015

51,319

Valuation in 2016

444

Valuation in 2017

17,198

Valuation in 2018

(2,192

)

Valuation in 2019

(19,614

)

Valuation in 2020

(46,343

)

Valuation in 2021

20,219

Valuation in 2022

54,196

Cost

136,850

212,077

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

1,311

1,990

Other creditors

1,087

774

2,398

2,764

6.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

18,807

3,996

Deferred

tax

£

Balance at 1 August 2021

3,996

Provided during year

14,811

Deferred tax

Balance at 31 July 2022

18,807

7.

RESERVES

Non

Distributable

Reserves

£

At 1 August 2021

69,823

Reallocation

(89

)

Revaluation

(13,314

)

At 31 July 2022

56,420

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021:

2022

2021

£

£

A G Whelan

Balance outstanding at start of year

(774

)

(448

)

Amounts repaid

(313

)

(326

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,087

)

(774

)

This loan is interest free and there is no fixed repayment term.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Melgate Services Limited for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Melgate Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Melgate Services Limited and state those matters that we have agreed to state to the Board of Directors of Melgate Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Melgate Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Melgate Services Limited. You consider that Melgate Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Melgate Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Acumen Accountants and Advisors Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeenshire

AB12 4XX

25 April 2023