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REGISTERED NUMBER: 13138351 (England and Wales)















MELLISH ENGINEERING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9

Chartered Certified Accountants' Report 10

MELLISH ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C R Keal
O C Keal
M P Rattenberry
P N Roberts





REGISTERED OFFICE: Unit 4 Bank Court
Weldon Road
Loughborough
LE11 5RF





REGISTERED NUMBER: 13138351 (England and Wales)





ACCOUNTANTS: Essex Abel Ltd
4 Bank Court
Weldon Road
Loughborough
Leicestershire
LE11 5RF

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 356,959 378,265
Tangible assets 5 1,203,198 1,122,584
1,560,157 1,500,849

CURRENT ASSETS
Stocks 875,271 865,794
Debtors 6 1,893,592 1,553,459
Cash at bank and in hand 20,304 12,536
2,789,167 2,431,789
CREDITORS
Amounts falling due within one year 7 2,723,082 2,167,606
NET CURRENT ASSETS 66,085 264,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,626,242

1,765,032

CREDITORS
Amounts falling due after more than one
year

8

(839,789

)

(1,170,045

)

PROVISIONS FOR LIABILITIES (249,636 ) (221,879 )
NET ASSETS 536,817 373,108

CAPITAL AND RESERVES
Called up share capital 63 63
Fair value reserve 12 83,519 96,159
Retained earnings 453,235 276,886
536,817 373,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

BALANCE SHEET - continued
30 JUNE 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





C R Keal - Director


MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Mellish Engineering 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 length of the accounting period was extended in the previous year to 17 months meaning that the comparatives are not entirely comparable.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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, is being amortised evenly over its useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 7 years
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use.

Property and plant whose fair value can be measured reliably are held under the revaluation model and are carried at the revalued amount, being the fair value at the date of valuation, less any subsequent accumulated depreciation and impairment. Revaluation gains and losses are recognised in the statement of other comprehensive income and accumulated in equity.

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stock and work in progress are valued at the lower of cost and estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale. Stock is recognised as an expense in the period in which the related revenue is recognised.

The cost of stock is based on the aggregated actual cost price and includes expenditure incurred in acquiring inventory, production or conversion costs, and other costs incurred in bringing them to their existing location and condition.

The cost of work in progress and finished goods includes all production overheads and the attributable proportion of indirect overheads based on the normal level of activity.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale. Provision is made for obsolete, slow moving or defective items where appropriate.

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
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.

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 61 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023 182,624 258,140 440,764
Additions - 45,592 45,592
At 30 June 2024 182,624 303,732 486,356
AMORTISATION
At 1 July 2023 51,743 10,756 62,499
Charge for year 36,525 30,373 66,898
At 30 June 2024 88,268 41,129 129,397
NET BOOK VALUE
At 30 June 2024 94,356 262,603 356,959
At 30 June 2023 130,881 247,384 378,265

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2023 1,277,950
Additions 234,729
Disposals (22,500 )
At 30 June 2024 1,490,179
DEPRECIATION
At 1 July 2023 155,366
Charge for year 134,294
Eliminated on disposal (2,679 )
At 30 June 2024 286,981
NET BOOK VALUE
At 30 June 2024 1,203,198
At 30 June 2023 1,122,584

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2022 154,589
Valuation in 2024 (1,660 )
Cost 1,337,250
1,490,179

If plant and machinery had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,039,124 1,123,361
Aggregate depreciation 208,887 128,988

Plant and machinery was valued on a fair value basis on 4 November 2021 by Tallon & Associates.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,688,314 1,263,257
Amounts owed by group undertakings 1,699 1,699
Other debtors 203,579 288,503
1,893,592 1,553,459

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 1,311,737 1,008,820
Hire purchase contracts (see note 10) 243,679 214,443
Trade creditors 886,183 694,390
Taxation and social security 192,944 213,423
Other creditors 88,539 36,530
2,723,082 2,167,606

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 455,427 560,408
Taxation and social security - 84,350
Other creditors 384,362 525,287
839,789 1,170,045

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,311,737 1,008,820

The company's invoice discounting facility is an integral part of the entities cash management and has therefore been included within bank overdraft.

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 243,679 214,443
Between one and five years 455,427 560,408
699,106 774,851

Non-cancellable operating leases
2024 2023
£    £   
Within one year 93,040 93,040
Between one and five years 112,093 205,133
205,133 298,173

MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 1,311,737 1,008,820
Hire purchase contracts 699,106 774,851
2,010,843 1,783,671

The bank overdraft including the invoice discounting facility is secured by way of a fixed and floating charge over the assets of the company.

The hire purchase liabilities are secured against the assets financed.

12. RESERVES
Fair
value
reserve
£   
At 1 July 2023 96,159
Transfer (12,640 )

At 30 June 2024 83,519

Fair value reserve - the aggregate surplus on re-measurement of plant and equipment, net of associated deferred tax.

13. RELATED PARTY DISCLOSURES

Included in debtors is £1,699 (2023: £1,699) owed from a group undertaking, no interest has been charged.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MELLISH ENGINEERING SERVICES LIMITED


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 Mellish Engineering Services Limited for the year ended 30 June 2024 which comprise the Income Statement, 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 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 Mellish Engineering Services Limited, as a body, in accordance with the terms of our engagement letter dated 20 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Mellish Engineering Services Limited and state those matters that we have agreed to state to the Board of Directors of Mellish Engineering 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 Mellish Engineering 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 Mellish Engineering Services Limited. You consider that Mellish Engineering Services 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 Mellish Engineering 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.






Essex Abel Ltd
4 Bank Court
Weldon Road
Loughborough
Leicestershire
LE11 5RF


13 November 2024