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REGISTERED NUMBER: 01938665 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MELBROS LIMITED

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELBROS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr B G Melvin
Mr J M Melvin
Mr I B Melvin
Miss L J Melvin
Mr N A Melvin





SECRETARY: Mr B G Melvin





REGISTERED OFFICE: Great Central Way
Rugby
Warwickshire
CV21 3XH





REGISTERED NUMBER: 01938665 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,888 16,332
Tangible assets 5 934,591 985,223
Investments 6 50,001 50,001
Investment property 7 850,000 850,000
1,845,480 1,901,556

CURRENT ASSETS
Stocks 8 622,271 688,955
Debtors 9 2,158,932 1,383,880
Cash at bank and in hand 749,458 792,904
3,530,661 2,865,739
CREDITORS
Amounts falling due within one year 10 1,387,505 1,282,641
NET CURRENT ASSETS 2,143,156 1,583,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,988,636

3,484,654

CREDITORS
Amounts falling due after more than one
year

11

(647,343

)

(142,803

)

PROVISIONS FOR LIABILITIES (233,535 ) (187,192 )
NET ASSETS 3,107,758 3,154,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,107,658 3,154,559
SHAREHOLDERS' FUNDS 3,107,758 3,154,659

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

BALANCE SHEET - continued
31 December 2023


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.

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 25 September 2024 and were signed on its behalf by:





Mr N A Melvin - Director


MELBROS LIMITED (REGISTERED NUMBER: 01938665)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Melbros 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.
Leasehold Improvements - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

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.


MELBROS LIMITED (REGISTERED NUMBER: 01938665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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.

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 29 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 54,441
AMORTISATION
At 1 January 2023 38,109
Amortisation for year 5,444
At 31 December 2023 43,553
NET BOOK VALUE
At 31 December 2023 10,888
At 31 December 2022 16,332

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Leasehold Display Plant and
Improvements Items machinery
£    £    £   
COST
At 1 January 2023 172,334 232,297 1,655,121
Additions - 12,839 164,671
Disposals - - (196,500 )
At 31 December 2023 172,334 245,136 1,623,292
DEPRECIATION
At 1 January 2023 162,447 199,503 980,496
Charge for year 2,733 11,249 183,303
Eliminated on disposal - - (150,926 )
At 31 December 2023 165,180 210,752 1,012,873
NET BOOK VALUE
At 31 December 2023 7,154 34,384 610,419
At 31 December 2022 9,887 32,794 674,625

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 179,518 430,499 107,040 2,776,809
Additions 53,971 48,670 12,344 292,495
Disposals - - - (196,500 )
At 31 December 2023 233,489 479,169 119,384 2,872,804
DEPRECIATION
At 1 January 2023 177,716 169,642 101,782 1,791,586
Charge for year 14,083 77,841 8,344 297,553
Eliminated on disposal - - - (150,926 )
At 31 December 2023 191,799 247,483 110,126 1,938,213
NET BOOK VALUE
At 31 December 2023 41,690 231,686 9,258 934,591
At 31 December 2022 1,802 260,857 5,258 985,223

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 437,470
Additions 103,500
Disposals (80,500 )
At 31 December 2023 460,470
DEPRECIATION
At 1 January 2023 208,466
Charge for year 74,636
Eliminated on disposal (46,539 )
At 31 December 2023 236,563
NET BOOK VALUE
At 31 December 2023 223,907
At 31 December 2022 229,004

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1 50,000 50,001
NET BOOK VALUE
At 31 December 2023 1 50,000 50,001
At 31 December 2022 1 50,000 50,001

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 850,000
NET BOOK VALUE
At 31 December 2023 850,000
At 31 December 2022 850,000

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 125,400
Cost 724,600
850,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 724,600 724,600

investment property was valued on an open market basis on 31 December 2021 by the director .

8. STOCKS
2023 2022
£    £   
Finished goods 622,271 688,955

9. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 321,873 480,613
Amounts owed by group undertakings 922,566 855,004
Other debtors 886,155 48,263
2,130,594 1,383,880

Amounts falling due after more than one year:
Other debtors 28,338 -

Aggregate amounts 2,158,932 1,383,880

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 128,656 72,374
Hire purchase contracts 61,123 70,815
Trade creditors 461,297 644,311
Amounts owed to group undertakings 11,984 13,984
Taxation and social security 256,392 24,184
Other creditors 468,053 456,973
1,387,505 1,282,641

MELBROS LIMITED (REGISTERED NUMBER: 01938665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 528,160 27,205
Hire purchase contracts 119,183 115,598
647,343 142,803

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 159,404 -

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr N A Melvin
Balance outstanding at start of year (16,700 ) (16,700 )
Amounts advanced 658,109 -
Amounts repaid (24,300 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 617,109 (16,700 )

13. ULTIMATE PARENT COMPANY

The company is a subsidiary of and controlled by RMB (Rugby) Ltd who are incorporated and registered in England, company registration number 01496501