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Registration number: 11680331

Mellor Scaffolding Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Mellor Scaffolding Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Mellor Scaffolding Ltd

Company Information

Directors

Mr Dane Mellor

Mr Michael Browne

Registered office

Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Mellor Scaffolding Ltd

(Registration number: 11680331)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

599,205

356,164

Current assets

 

Debtors

5

307,226

219,428

Cash at bank and in hand

 

322,850

105,393

 

630,076

324,821

Creditors: Amounts falling due within one year

6

(390,001)

(205,721)

Net current assets

 

240,075

119,100

Total assets less current liabilities

 

839,280

475,264

Creditors: Amounts falling due after more than one year

6

(41,045)

(61,773)

Net assets

 

798,235

413,491

capital and reserves

 

Called up share capital

7

22

22

Profit and loss account

798,213

413,469

Shareholders' funds

 

798,235

413,491

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

 

Mellor Scaffolding Ltd

(Registration number: 11680331)
Balance Sheet as at 30 November 2023

.........................................
Mr Dane Mellor
Director

.........................................
Mr Michael Browne
Director

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

319,395

133,689

453,084

Additions

346,063

24,494

370,557

Disposals

-

(11,500)

(11,500)

At 30 November 2023

665,458

146,683

812,141

Depreciation

At 1 December 2022

59,121

37,799

96,920

Charge for the year

90,949

27,942

118,891

Eliminated on disposal

-

(2,875)

(2,875)

At 30 November 2023

150,070

62,866

212,936

Carrying amount

At 30 November 2023

515,388

83,817

599,205

At 30 November 2022

260,274

95,890

356,164

5

Debtors

Current

2023
£

2022
£

Trade debtors

51,580

122,320

Prepayments

12,199

-

Other debtors

243,447

97,108

 

307,226

219,428

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

17,493

17,493

trade creditors

 

15,585

45,870

Other creditors

 

67,414

23,285

Directors' loan accounts

 

289,509

119,073

 

390,001

205,721

Due after one year

 

Loans and borrowings

8

41,045

61,773

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

41,045

61,773

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary D of £1 each

10

10

10

10

Ordinary M of £1 each

10

10

10

10

Ordinary A of £1 each

1

1

1

1

Ordianry T of £1 each

1

1

1

1

22

22

22

22

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

17,914

21,149

Hire purchase contracts

23,131

40,624

41,045

61,773

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

17,493

17,493

9

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £100.00 (2022 - £2,000.00) per each Ordinary D

1,000

20,000

Interim dividend of £100.00 (2022 - £2,000.00) per each Ordinary M

1,000

20,000

2,000

40,000

10

Related party transactions

 

Mellor Scaffolding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

36,760

36,667