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REGISTERED NUMBER: 01546766 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mellor Metals Limited

Mellor Metals Limited (Registered number: 01546766)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mellor Metals Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S R Mellor
Mr W Mellor
Miss H Mellor





REGISTERED OFFICE: Newhaven
Attleborough Road
Great Ellingham
Norfolk
NR17 1LG





REGISTERED NUMBER: 01546766 (England and Wales)





ACCOUNTANTS: CUNNINGHAMS
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

Mellor Metals Limited (Registered number: 01546766)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 871,348 1,007,434
Investment property 5 1,087,043 1,060,000
1,958,391 2,067,434

CURRENT ASSETS
Stocks 572,945 509,812
Debtors 88,633 59,016
Cash at bank and in hand 719,065 773,611
1,380,643 1,342,439
CREDITORS
Amounts falling due within one year 488,242 575,298
NET CURRENT ASSETS 892,401 767,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,850,792

2,834,575

CREDITORS
Amounts falling due after more than one
year

6

(60,000

)

(60,000

)

PROVISIONS FOR LIABILITIES (137,440 ) (130,475 )
NET ASSETS 2,653,352 2,644,100

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 231,723 231,723
Retained earnings 2,421,529 2,412,277
SHAREHOLDERS' FUNDS 2,653,352 2,644,100

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

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

Mellor Metals Limited (Registered number: 01546766)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 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 and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr S R Mellor - Director


Mellor Metals Limited (Registered number: 01546766)

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

1. STATUTORY INFORMATION

Mellor Metals 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 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 as modified by the revaluation of certain assets.

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.
Freehold property - 1% on cost
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost and 20% on reducing balance
Office equipment - 25% on cost, 15% on cost and 10% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
The stocks consist of piles of scrap metal and it is not practical to have these physically weighed. The quantity of the closing stocks is calculated as the average of the best estimates of a director and three employees. This is then valued at the average purchase price over the final month of the year.

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.

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

Mellor Metals Limited (Registered number: 01546766)

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

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 3,070,715
Additions 17,769
At 31 December 2023 3,088,484
DEPRECIATION
At 1 January 2023 2,063,281
Charge for year 153,855
At 31 December 2023 2,217,136
NET BOOK VALUE
At 31 December 2023 871,348
At 31 December 2022 1,007,434

Included in cost of land and buildings is freehold land of £ 25,000 (2022 - £ 25,000 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,060,000
Additions 27,043
At 31 December 2023 1,087,043
NET BOOK VALUE
At 31 December 2023 1,087,043
At 31 December 2022 1,060,000

The investment properties were valued on 31 December 2023 by the director based on valuations previously done in 2018 by Abbotts Countrywide Estate Agents and Brown & Co Commercial Land Agents after taking account of current market conditions.


Mellor Metals Limited (Registered number: 01546766)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable otherwise than by instalments
7% Redeemable Cumulative
Preference £1 shares 60,000 60,000
60,000 60,000

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 231,723

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S R Mellor.