Mela Solutions Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03715812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

MELA SOLUTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs M C Willans

R H Willans

SECRETARY:

R H Willans

REGISTERED OFFICE:

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

BUSINESS ADDRESS:

P O Box 2167

Gerrards Cross

Buckinghamshire

SL9 8XF

REGISTERED NUMBER:

03715812 (England and Wales)

ACCOUNTANTS:

M R Salvage Limited

Chartered Accountants

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

FIXED ASSETS

Tangible assets

4

4,083

4,697

CURRENT ASSETS

Debtors

262,419

251,827

Cash at bank

47,878

78

310,297

251,905

CREDITORS

Amounts falling due within one year

223,865

207,312

NET CURRENT ASSETS

86,432

44,593

TOTAL ASSETS LESS CURRENT LIABILITIES

90,515

49,290

CREDITORS

Amounts falling due after more than one year

8,351

16,648

NET ASSETS

82,164

32,642

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

82,064

32,542

SHAREHOLDERS' FUNDS

82,164

32,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 17 December 2017 and were signed on its behalf by:

Mrs M C Willans - Director

1.	STATUTORY INFORMATION

Mela Solutions 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.

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. The financial statements have been prepared under the historical cost convention.

The date of transition to Financial Reporting standard 102 was 1 April 2015. There were no

adjustments arising on transition to FRS 102.

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.

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Financial instruments

The company uses certain financial instruments in its normal operating and investing activities, which

are deemed appropriate to its circumstances, such as trade receivables and trade payables, cash at

bank deposits, loans and equity shares. Financial assets and liabilities are recognised on the

company's balance sheet at amortised cost when the company has become a party to the contractual

provisions of the instrument.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

67,383

Additions

2,526

At 31 March 2017

69,909

DEPRECIATION

At 1 April 2016

62,686

Charge for year

3,140

At 31 March 2017

65,826

NET BOOK VALUE

At 31 March 2017

4,083

At 31 March 2016

4,697

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

-

6,420

Bank loans

17,018

25,315

17,018

31,735

The bank loan is secured by a fixed and floating charge over the assets of the company.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

Mrs M C Willans and R H Willans

Balance outstanding at start of year

78,893

124,994

Amounts advanced

45,464

60,151

Amounts repaid

(49,745

)

(106,252

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

74,612

78,893

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 Mela Solutions Limited for the year ended 31 March 2017 which comprise the

Income Statement, Abridged Balance Sheet, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mela Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 25 August 2005. Our work has been undertaken solely to prepare for your approval the financial statements of Mela Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Mela Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mela Solutions Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mela Solutions 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 Mela Solutions Limited. You consider that Mela Solutions 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 Mela Solutions 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.

M R Salvage Limited

Chartered Accountants

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

19 December 2017