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REGISTERED NUMBER: 07990271 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Mellor Plant UK Ltd

Mellor Plant UK Ltd (Registered number: 07990271)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mellor Plant UK Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: G W Hayes





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07990271 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Mellor Plant UK Ltd (Registered number: 07990271)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,800,807 1,244,133
1,800,807 1,244,133

CURRENT ASSETS
Stocks 844,406 933,995
Debtors 6 873,739 466,220
Cash at bank 111,133 50,618
1,829,278 1,450,833
CREDITORS
Amounts falling due within one year 7 1,105,683 904,304
NET CURRENT ASSETS 723,595 546,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,524,402

1,790,662

CREDITORS
Amounts falling due after more than one
year

8

(974,856

)

(774,711

)

PROVISIONS FOR LIABILITIES 10 (222,798 ) (142,347 )
NET ASSETS 1,326,748 873,604

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 1,326,448 873,304
SHAREHOLDERS' FUNDS 1,326,748 873,604

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Mellor Plant UK Ltd (Registered number: 07990271)

Balance Sheet - continued
31 March 2023


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 29 December 2023 and were signed by:





G W Hayes - Director


Mellor Plant UK Ltd (Registered number: 07990271)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Mellor Plant UK Ltd 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Integral features - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Mellor Plant UK Ltd (Registered number: 07990271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Mellor Plant UK Ltd (Registered number: 07990271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 471,073 23,865 825,400
Additions 142,250 - 624,159
Disposals (9,000 ) - (238,300 )
At 31 March 2023 604,323 23,865 1,211,259
DEPRECIATION
At 1 April 2022 - - 154,093
Charge for year - - 112,906
Eliminated on disposal - - (59,376 )
At 31 March 2023 - - 207,623
NET BOOK VALUE
At 31 March 2023 604,323 23,865 1,003,636
At 31 March 2022 471,073 23,865 671,307

Integral Motor Computer
features vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 33,987 85,488 5,391 1,445,204
Additions 38,843 79,041 - 884,293
Disposals - (2,800 ) - (250,100 )
At 31 March 2023 72,830 161,729 5,391 2,079,397
DEPRECIATION
At 1 April 2022 4,056 37,801 5,121 201,071
Charge for year 4,176 21,624 197 138,903
Eliminated on disposal - (2,008 ) - (61,384 )
At 31 March 2023 8,232 57,417 5,318 278,590
NET BOOK VALUE
At 31 March 2023 64,598 104,312 73 1,800,807
At 31 March 2022 29,931 47,687 270 1,244,133

Mellor Plant UK Ltd (Registered number: 07990271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 538,250 20,750 559,000
Additions 400,500 - 400,500
Disposals (93,800 ) - (93,800 )
At 31 March 2023 844,950 20,750 865,700
DEPRECIATION
At 1 April 2022 111,602 1,297 112,899
Charge for year 76,455 3,648 80,103
Eliminated on disposal (42,756 ) - (42,756 )
At 31 March 2023 145,301 4,945 150,246
NET BOOK VALUE
At 31 March 2023 699,649 15,805 715,454
At 31 March 2022 426,648 19,453 446,101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 871,887 418,049
VAT - 47,509
Prepayments 1,852 662
873,739 466,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,737 9,579
Other loans 183,407 -
Hire purchase contracts 177,169 112,094
Trade creditors 495,228 538,013
Corporation tax 45,028 42,717
VAT 66,551 -
Directors' current accounts 122,115 197,403
Accrued expenses 6,448 4,498
1,105,683 904,304

Mellor Plant UK Ltd (Registered number: 07990271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 9,342 9,959
Bank loans - 2-5 years 25,498 32,309
Bank loans more 5 yr by instal 210,024 212,291
Hire purchase contracts 463,549 231,307
Stock finance 226,443 148,845
Directors' loan accounts 40,000 140,000
974,856 774,711

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 210,024 212,291

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 254,601 264,138
Hire purchase contracts 640,718 343,401
Stock finance 226,443 148,845
1,121,762 756,384

Net obligations under hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 222,798 142,347

Deferred
tax
£   
Balance at 1 April 2022 142,347
Provided during year 80,451
Balance at 31 March 2023 222,798

Mellor Plant UK Ltd (Registered number: 07990271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
300 300