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REGISTERED NUMBER: 11861009 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MELTON CONTRACTING LTD

MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELTON CONTRACTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A J Melton
C T K Melton
S A Melton





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 11861009 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 790,656 787,069

CURRENT ASSETS
Stocks 16,180 21,730
Debtors 5 535,274 1,108,434
Cash at bank 2,608 14,325
554,062 1,144,489
CREDITORS
Amounts falling due within one year 6 381,367 890,693
NET CURRENT ASSETS 172,695 253,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

963,351

1,040,865

CREDITORS
Amounts falling due after more than one
year

7

(294,809

)

(337,386

)

PROVISIONS FOR LIABILITIES (120,600 ) (167,500 )
NET ASSETS 547,942 535,979

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 547,842 535,879
547,942 535,979

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

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

MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





A J Melton - Director


MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)

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

1. STATUTORY INFORMATION

Melton Contracting Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles and tractors - 25% on reducing balance and 20% reducing balance

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 Statement of Income and Retained Earnings, 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.

MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
Plant and and
machinery tractors Totals
£    £    £   
COST
At 1 October 2023 766,725 146,006 912,731
Additions 144,416 - 144,416
Disposals (6 ) - (6 )
At 30 September 2024 911,135 146,006 1,057,141
DEPRECIATION
At 1 October 2023 73,500 52,162 125,662
Charge for year 122,055 18,768 140,823
At 30 September 2024 195,555 70,930 266,485
NET BOOK VALUE
At 30 September 2024 715,580 75,076 790,656
At 30 September 2023 693,225 93,844 787,069

MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
Plant and and
machinery tractors Totals
£    £    £   
COST
At 1 October 2023 700,300 125,000 825,300
Additions 129,000 - 129,000
At 30 September 2024 829,300 125,000 954,300
DEPRECIATION
At 1 October 2023 65,264 46,000 111,264
Charge for year 112,905 15,800 128,705
At 30 September 2024 178,169 61,800 239,969
NET BOOK VALUE
At 30 September 2024 651,131 63,200 714,331
At 30 September 2023 635,036 79,000 714,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 72,307 26,180
Other debtors 462,967 1,082,254
535,274 1,108,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 112,521 85,671
Trade creditors 76,177 51,730
Taxation and social security 41,927 -
Other creditors 150,742 753,292
381,367 890,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 294,809 337,386

MELTON CONTRACTING LTD (REGISTERED NUMBER: 11861009)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 112,521 85,671
Between one and five years 294,809 337,386
407,330 423,057

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year - 9,600

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 407,330 423,057

The obligations under hire purchase agreements are secured over the assets to which they relate.