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REGISTERED NUMBER: 07397086 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Milking Equipment Association Limited

Milking Equipment Association Limited (Registered number: 07397086)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4 to 5


Milking Equipment Association Limited

Company Information
for the Year Ended 31 October 2024







Directors: R E Bailey
J R Baines





Secretary: D J Naghen





Registered office: Samuelson House
62 Forder Way
Hampton
Peterborough
Cambridgeshire
PE7 8JB





Registered number: 07397086 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Milking Equipment Association 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 Statement of financial position. 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 Milking Equipment Association Limited for the year ended 31 October 2024 which comprise the Statement of income and retained earnings, Statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Milking Equipment Association Limited, as a body, in accordance with the terms of our engagement letter dated 1 December 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Milking Equipment Association Limited and state those matters that we have agreed to state to the Board of Directors of Milking Equipment Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milking Equipment Association Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Milking Equipment Association 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 Milking Equipment Association Limited. You consider that Milking Equipment Association 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 Milking Equipment Association 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


3 June 2025

Milking Equipment Association Limited (Registered number: 07397086)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 - 1,463

Current assets
Debtors 6 11,963 7,603
Cash at bank 28,597 29,527
40,560 37,130
Creditors
Amounts falling due within one year 7 17,783 16,888
Net current assets 22,777 20,242
Total assets less current liabilities 22,777 21,705

Reserves
Income and expenditure account 22,777 21,705
22,777 21,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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.

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 3 June 2025 and were signed on its behalf by:





R E Bailey - Director


Milking Equipment Association Limited (Registered number: 07397086)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. Statutory information

Milking Equipment Association Limited is a private company, limited by guarantee , 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Office equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

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

Milking Equipment Association Limited (Registered number: 07397086)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. Tangible fixed assets
Office
equipment
£   
Cost
At 1 November 2023
and 31 October 2024 8,414
Depreciation
At 1 November 2023 6,951
Charge for year 1,463
At 31 October 2024 8,414
Net book value
At 31 October 2024 -
At 31 October 2023 1,463

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 10,222 6,666
Corporation tax 64 64
VAT 1,677 873
11,963 7,603

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,039 2,058
Accruals and deferred income 15,744 14,830
17,783 16,888

8. Related party disclosures

The company was under the control of the board of directors.

The following contributions were received from members during the year:

2023 2022
£ £
BouMatic 11,025 10,500
Lely Atlantic 11,025 10,500
DeLaval Limited 11,025 10,500
GEA Farm Technologies (UK) Limited 11,025 10,500
44,100 42,000