2023-04-012024-03-312024-03-31false05464782MELIOR SOLUTIONS LIMITED2024-10-0282990iso4217:GBPxbrli:pure054647822023-04-01054647822024-03-31054647822023-04-012024-03-31054647822022-04-01054647822023-03-31054647822022-04-012023-03-3105464782bus:SmallEntities2023-04-012024-03-3105464782bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3105464782bus:AbridgedAccounts2023-04-012024-03-3105464782bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105464782core:WithinOneYear2024-03-3105464782core:AfterOneYear2024-03-3105464782core:WithinOneYear2023-03-3105464782core:AfterOneYear2023-03-3105464782core:ShareCapital2024-03-3105464782core:SharePremium2024-03-3105464782core:RevaluationReserve2024-03-3105464782core:OtherReservesSubtotal2024-03-3105464782core:RetainedEarningsAccumulatedLosses2024-03-3105464782core:ShareCapital2023-03-3105464782core:SharePremium2023-03-3105464782core:RevaluationReserve2023-03-3105464782core:OtherReservesSubtotal2023-03-3105464782core:RetainedEarningsAccumulatedLosses2023-03-3105464782core:LandBuildings2024-03-3105464782core:PlantMachinery2024-03-3105464782core:Vehicles2024-03-3105464782core:FurnitureFittings2024-03-3105464782core:OfficeEquipment2024-03-3105464782core:NetGoodwill2024-03-3105464782core:IntangibleAssetsOtherThanGoodwill2024-03-3105464782core:ListedExchangeTraded2024-03-3105464782core:UnlistedNon-exchangeTraded2024-03-3105464782core:LandBuildings2023-03-3105464782core:PlantMachinery2023-03-3105464782core:Vehicles2023-03-3105464782core:FurnitureFittings2023-03-3105464782core:OfficeEquipment2023-03-3105464782core:NetGoodwill2023-03-3105464782core:IntangibleAssetsOtherThanGoodwill2023-03-3105464782core:ListedExchangeTraded2023-03-3105464782core:UnlistedNon-exchangeTraded2023-03-3105464782core:LandBuildings2023-04-012024-03-3105464782core:PlantMachinery2023-04-012024-03-3105464782core:Vehicles2023-04-012024-03-3105464782core:FurnitureFittings2023-04-012024-03-3105464782core:OfficeEquipment2023-04-012024-03-3105464782core:NetGoodwill2023-04-012024-03-3105464782core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105464782core:ListedExchangeTraded2023-04-012024-03-3105464782core:UnlistedNon-exchangeTraded2023-04-012024-03-3105464782core:MoreThanFiveYears2023-04-012024-03-3105464782core:Non-currentFinancialInstruments2024-03-3105464782core:Non-currentFinancialInstruments2023-03-3105464782dpl:CostSales2023-04-012024-03-3105464782dpl:DistributionCosts2023-04-012024-03-3105464782core:LandBuildings2023-04-012024-03-3105464782core:PlantMachinery2023-04-012024-03-3105464782core:Vehicles2023-04-012024-03-3105464782core:FurnitureFittings2023-04-012024-03-3105464782core:OfficeEquipment2023-04-012024-03-3105464782dpl:AdministrativeExpenses2023-04-012024-03-3105464782core:NetGoodwill2023-04-012024-03-3105464782core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105464782dpl:GroupUndertakings2023-04-012024-03-3105464782dpl:ParticipatingInterests2023-04-012024-03-3105464782dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3105464782core:ListedExchangeTraded2023-04-012024-03-3105464782dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3105464782core:UnlistedNon-exchangeTraded2023-04-012024-03-3105464782dpl:CostSales2022-04-012023-03-3105464782dpl:DistributionCosts2022-04-012023-03-3105464782core:LandBuildings2022-04-012023-03-3105464782core:PlantMachinery2022-04-012023-03-3105464782core:Vehicles2022-04-012023-03-3105464782core:FurnitureFittings2022-04-012023-03-3105464782core:OfficeEquipment2022-04-012023-03-3105464782dpl:AdministrativeExpenses2022-04-012023-03-3105464782core:NetGoodwill2022-04-012023-03-3105464782core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105464782dpl:GroupUndertakings2022-04-012023-03-3105464782dpl:ParticipatingInterests2022-04-012023-03-3105464782dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105464782core:ListedExchangeTraded2022-04-012023-03-3105464782dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105464782core:UnlistedNon-exchangeTraded2022-04-012023-03-3105464782core:NetGoodwill2024-03-3105464782core:IntangibleAssetsOtherThanGoodwill2024-03-3105464782core:LandBuildings2024-03-3105464782core:PlantMachinery2024-03-3105464782core:Vehicles2024-03-3105464782core:FurnitureFittings2024-03-3105464782core:OfficeEquipment2024-03-3105464782core:AfterOneYear2024-03-3105464782core:WithinOneYear2024-03-3105464782core:ListedExchangeTraded2024-03-3105464782core:UnlistedNon-exchangeTraded2024-03-3105464782core:ShareCapital2024-03-3105464782core:SharePremium2024-03-3105464782core:RevaluationReserve2024-03-3105464782core:OtherReservesSubtotal2024-03-3105464782core:RetainedEarningsAccumulatedLosses2024-03-3105464782core:NetGoodwill2023-03-3105464782core:IntangibleAssetsOtherThanGoodwill2023-03-3105464782core:LandBuildings2023-03-3105464782core:PlantMachinery2023-03-3105464782core:Vehicles2023-03-3105464782core:FurnitureFittings2023-03-3105464782core:OfficeEquipment2023-03-3105464782core:AfterOneYear2023-03-3105464782core:WithinOneYear2023-03-3105464782core:L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MELIOR SOLUTIONS LIMITED

Registered Number
05464782
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MELIOR SOLUTIONS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

D C COOPER

Registered Address

Newland House The Point
Weaver Road
Lincoln
LN6 3QN

Registered Number

05464782 (England and Wales)
MELIOR SOLUTIONS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets323,43644,980
23,43644,980
Current assets
Debtors10,853630,984
Cash at bank and on hand290,3871,204,760
301,2401,835,744
Creditors amounts falling due within one year(138,095)(80,764)
Net current assets (liabilities)163,1451,754,980
Total assets less current liabilities186,5811,799,960
Provisions for liabilities(4,453)(9,556)
Net assets182,1281,790,404
Capital and reserves
Profit and loss account182,1281,790,404
Shareholders' funds182,1281,790,404
The financial statements were approved and authorised for issue by the Director on 2 October 2024, and are signed on its behalf by:
D C COOPER
Director
Registered Company No. 05464782
MELIOR SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. The financial statements have been prepared under the historical cost convention.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Foreign currency translation
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
Current 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Fixtures and fittings 25% reducing balance, 4% straight line Motor vehicles 25% reducing balance Office equipment 25% reducing balance, 33% straight line Plant and machinery 25% reducing balance
Finance leases and hire purchase contracts
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease. Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised costs. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at transaction price. Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments and are measured at amortised costs. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.
Related parties
Melior Solutions EOT limited has acquired the share capital of Melior Solutions Ltd during the year, as part of an employee ownership trust. During the year contributions of £1,870,171 (2023: nil) have been made to the above company. These are reflected within the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year66
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23150,894
Additions10,433
Disposals(77,344)
At 31 March 2483,983
Depreciation and impairment
At 01 April 23105,914
Charge for year4,094
On disposals(49,461)
At 31 March 2460,547
Net book value
At 31 March 2423,436
At 31 March 2344,980