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

REGISTERED NUMBER: 02501708 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 AUGUST 2023

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

CURRENT ASSETS

Debtors

5

398

-

Cash at bank

186,858

1,514

187,256

1,514

CREDITORS

Amounts falling due within one year

6

37,544

2,398

NET CURRENT ASSETS/(LIABILITIES)

149,712

(884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

149,712

211,193

PROVISIONS FOR LIABILITIES

7

-

18,807

NET ASSETS

149,712

192,386

CAPITAL AND RESERVES

Called up share capital

100

100

Non Distributable Reserves

8

-

56,420

Retained earnings

149,612

135,866

SHAREHOLDERS' FUNDS

149,712

192,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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 21 October 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 period 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 period 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 period was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 August 2022

212,077

Additions

15,693

Disposals

(227,770

)

At 31 August 2023

-

NET BOOK VALUE

At 31 August 2023

-

At 31 July 2022

212,077

Cost or valuation at 31 August 2023 is represented by:

Shares in

group

undertakings

£

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

Valuation in 2023

(212,077

)

Cost

136,850

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

398

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

12,489

1,311

Other creditors

25,055

1,087

37,544

2,398

7.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

-

18,807

Deferred

tax

£

Balance at 1 August 2022

18,807

Provided during period

(18,807

)

Deferred tax

Balance at 31 August 2023

-

8.

RESERVES

Non

Distributable

Reserves

£

At 1 August 2022

56,420

Reallocation

(56,420

)

At 31 August 2023

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2023 and the year ended 31 July 2022:

2023

2022

£

£

A G Whelan and Mrs J Whelan

Balance outstanding at start of period

(1,085

)

(772

)

Amounts repaid

(23,970

)

(313

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(25,055

)

(1,085

)

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 period ended 31 August 2023 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 profit of Melgate Services Limited. You consider that Melgate Services Limited is exempt from the statutory audit requirement for the period.

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

6 November 2023