Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30Manufacture of agricultural and forestry machinery other than tractorsfalse2023-05-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false713truetrue 11967902 2023-05-01 2024-04-30 11967902 2022-05-01 2023-04-30 11967902 2024-04-30 11967902 2023-04-30 11967902 c:Director1 2023-05-01 2024-04-30 11967902 d:PlantMachinery 2023-05-01 2024-04-30 11967902 d:PlantMachinery 2024-04-30 11967902 d:PlantMachinery 2023-04-30 11967902 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11967902 d:MotorVehicles 2023-05-01 2024-04-30 11967902 d:MotorVehicles 2024-04-30 11967902 d:MotorVehicles 2023-04-30 11967902 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11967902 d:OfficeEquipment 2023-05-01 2024-04-30 11967902 d:OfficeEquipment 2024-04-30 11967902 d:OfficeEquipment 2023-04-30 11967902 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11967902 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11967902 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 11967902 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 11967902 d:CurrentFinancialInstruments 2024-04-30 11967902 d:CurrentFinancialInstruments 2023-04-30 11967902 d:Non-currentFinancialInstruments 2024-04-30 11967902 d:Non-currentFinancialInstruments 2023-04-30 11967902 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11967902 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11967902 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11967902 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11967902 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 11967902 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 11967902 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 11967902 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 11967902 d:ShareCapital 2024-04-30 11967902 d:ShareCapital 2023-04-30 11967902 d:RetainedEarningsAccumulatedLosses 2024-04-30 11967902 d:RetainedEarningsAccumulatedLosses 2023-04-30 11967902 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 11967902 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11967902 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 11967902 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 11967902 d:RetirementBenefitObligationsDeferredTax 2024-04-30 11967902 d:RetirementBenefitObligationsDeferredTax 2023-04-30 11967902 c:FRS102 2023-05-01 2024-04-30 11967902 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11967902 c:FullAccounts 2023-05-01 2024-04-30 11967902 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11967902 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 11967902 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 11967902 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 11967902 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 11967902 2 2023-05-01 2024-04-30 11967902 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-05-01 2024-04-30 11967902 e:PoundSterling 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP

Registered number:  11967902














MELIOR ENGINEERING LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


 
MELIOR ENGINEERING LTD
REGISTERED NUMBER: 11967902

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
26,220
248,349

Tangible assets
 5 
63,050
105,361

  
89,270
353,710

Current assets
  

Stocks
  
600,000
981,508

Debtors: amounts falling due after more than one year
 6 
322,500
322,500

Debtors: amounts falling due within one year
 6 
1,172,219
656,060

Cash at bank and in hand
 7 
10,823
64,373

  
2,105,542
2,024,441

Creditors: amounts falling due within one year
 8 
(3,881,828)
(3,188,962)

Net current liabilities
  
 
 
(1,776,286)
 
 
(1,164,521)

Total assets less current liabilities
  
(1,687,016)
(810,811)

Creditors: amounts falling due after more than one year
 9 
(17,620)
(32,394)

  

Net liabilities
  
(1,704,636)
(843,205)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(1,705,636)
(844,205)

  
(1,704,636)
(843,205)


Page 1

 
MELIOR ENGINEERING LTD
REGISTERED NUMBER: 11967902
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G Lucken
Director

Date: 28 April 2025

The notes on pages 3 to 15 form part of these financial statements.

Page 2

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 11967902). The address of the registered office is Fairacre, Wormbridge, Hereford HR2 9DH.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company is that of manufacture of agricultural machinery.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Page 3

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 13).


4.


Intangible assets




Develop-ment expenditure

£



Cost


At 1 May 2023
673,114



At 30 April 2024

673,114



Amortisation


At 1 May 2023
424,766


Charge for the year on owned assets
222,128



At 30 April 2024

646,894



Net book value



At 30 April 2024
26,220



At 30 April 2023
248,349


Page 8

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
           4.Intangible assets (continued)



5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
116,078
31,550
33,241
180,869



At 30 April 2024

116,078
31,550
33,241
180,869



Depreciation


At 1 May 2023
44,848
19,036
11,623
75,507


Charge for the year on owned assets
29,020
7,888
5,404
42,312



At 30 April 2024

73,868
26,924
17,027
117,819



Net book value



At 30 April 2024
42,210
4,626
16,214
63,050



At 30 April 2023
71,230
12,514
21,617
105,361

Page 9

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
322,500
322,500

322,500
322,500


2024
2023
£
£

Due within one year

Trade debtors
772
5,117

Other debtors
682,921
648,831

Prepayments and accrued income
15,104
2,112

Deferred taxation
473,422
-

1,172,219
656,060



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,823
64,373

10,823
64,373


Page 10

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,890
9,890

Trade creditors
4,924
27,626

Other taxation and social security
11,635
7,148

Obligations under finance lease and hire purchase contracts
4,568
4,568

Other creditors
3,848,311
3,137,230

Accruals and deferred income
2,500
2,500

3,881,828
3,188,962


The following liabilities were secured:

2024
2023
£
£



Other creditors
3,803,514
2,948,892

Obligations under finance lease and hire purchase contracts
4,568
4,568

3,808,082
2,953,460

Details of security provided:

The other creditors are secured by fixed and floating charges held against the assets of the company. 
Obligations under finance lease and hire purchase contracts are secured against the assets concerned.

Page 11

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,056
25,332

Net obligations under finance leases and hire purchase contracts
2,564
7,062

17,620
32,394


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
2,564
7,062

2,564
7,062

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured against the assets concerned.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,890
9,890

Amounts falling due 1-2 years

Bank loans
10,140
10,140

Amounts falling due 2-5 years

Bank loans
4,916
15,192


24,946
35,222


Page 12

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,568
4,568

Between 1-5 years
2,564
7,062

7,132
11,630

Page 13

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.


Deferred taxation




2024


£






Charged to profit or loss
473,422



At end of year
473,422

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset differences
(21,844)
(83,940)

Tax losses carried forward
495,140
83,822

Short term timing differences
126
118

473,422
-


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,438 (2023 - £4,133) . Contributions totalling £1,340 (2023 - £1,261) were payable to the fund at the balance sheet date and are included in creditors.


14.


Related party transactions

Included in debtors and creditors are the following amounts due (to) / from related parties at the balance sheet date:


2024
2023
£
£

Advanced Growers Ltd
(18,456)
(161,983)
21st Energy International Ltd
5,313
1,972
Packet of Goodness Ltd
8,011
8,011
Herbs & More Limited
45
45
G Lucken
39,963
-
R Lucken
44,744
-

G Lucken, the director, is a member of the key management personnel of Advanced Growers Ltd, 21st Energy International Ltd, Packet of Goodness Ltd and Herbs & More Ltd. The loans are repayable on demand and no interest has been charged.

Page 14

 
MELIOR ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

15.


Controlling party

The company is under the control of the director.

 
Page 15