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Mel Environmental Solutions Limited
Registered Number:07649129
For the period ended 28 October 2024
England and Wales
Unaudited Financial Statements
2
For the period ended 28 October 2024
Mel Environmental Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
07649129
As at 28 October 2024
Mel Environmental Solutions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
398,376
251,537
2
398,376
251,537
Current assets
Inventories
167,079
675,341
3
Trade and other receivables
3,231,642
2,423,411
4
518,137
Cash and cash equivalents
1,568,361
4,667,113
3,916,858
Trade and other payables: amounts falling due within one
year
(1,366,899)
(1,338,469)
5
2,549,959
3,328,644
Net current assets
Total assets less current liabilities
3,727,020
2,801,496
Trade and other payables: amounts falling due after more
than one year
(84,902)
(136,691)
6
(99,659)
(62,402)
Provisions for liabilities
3,490,670
Net assets
2,654,192
Capital and reserves
Called up share capital
111
111
Share premium account
64,658
64,658
Retained earnings
3,425,901
2,589,423
3,490,670
2,654,192
Shareholders' funds
For the period ended 28 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07649129
For the period ended 28 October 2024
Mel Environmental Solutions Limited
Statement of Financial Position Continued
Mr Andrew Iain Boyle Director
These financial statements were approved and authorised for issue by the Board on 11 August 2025 and were signed by:
The notes form part of these financial statements
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5
For the period ended 28 October 2024
Mel Environmental Solutions Limited
Notes to the Financial Statements
Statutory Information
Mel Environmental Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07649129.
Registered address:
80 Station Parade
Harrogate
North Yorkshire
HG1 1HQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
These financial statements have been prepared for the period from 1st November 2023 to 28th October 2024, a
period shorter than one year. The directors took this decision due to the change of ownership of the company's
parent company on 29th October 2024. As a result, the comparative amounts presented in the financial statements
are not entirely comparable.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% per annum on cost
25% per annum on cost
Motor Vehicles
15%/25% per annum on cost
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the period ended 28 October 2024
Mel Environmental Solutions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 November 2023
548,584
60,836
470,242
17,506
266,489
45,638
200,366
20,485
Additions
-
(79,698)
-
Disposals
(79,698)
At 28 October 2024
37,991
590,910
106,474
735,375
Provision for depreciation and impairment
At 01 November 2023
297,047
26,658
264,272
6,117
Charge for period
117,025
13,989
101,071
1,965
(77,073)
-
(77,073)
-
On disposal
At 28 October 2024
336,999
40,647
288,270
8,082
At 28 October 2024
Net book value
29,909
302,640
65,827
398,376
At 31 October 2023
11,389
205,970
34,178
251,537
3. Inventories
2023
2024
£
£
Stocks
675,341
167,079
4. Trade and other receivables
2023
2024
£
£
Trade debtors
2,102,918
2,413,472
Amounts owed by group undertakings and participating interests
114,819
653,676
Other debtors
205,674
164,494
3,231,642
2,423,411
Amounts owed by group undertakings are interest free and repayable on demand.
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7
For the period ended 28 October 2024
Mel Environmental Solutions Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
411,366
495,709
Taxation and social security
599,662
604,888
Other creditors
327,441
266,302
1,338,469
1,366,899
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
136,691
84,902
7. Related party transactions
As at 28 October 2024, the company was owed £114,819 (year ended 31 October 2023 - £653,676) by MEL
(Holdings) Limited (parent company). This balance arose in relation to a management charges.
8. Directors advances and guarantees
At 01/11/2023
Loaned
At 28/10/2024
£
£
£
Mr David Allen Grouse
Loan
19,400
-
19,400
19,400
-
19,400
Mr Paul Theile
Loan
19,400
-
19,400
19,400
-
19,400
Mr Gerard David McDaid
Loan
39,414
33,414
6,000
39,414
33,414
6,000
Amounts owed by directors are interest free and repayable on demand.
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8
For the period ended 28 October 2024
Mel Environmental Solutions Limited
Notes to the Financial Statements Continued
9. Guarantees and other financial commitments
Lease commitments
At 28 October 2024 the company had annual commitments under non-cancellable operating leases as set out
below:
2023
£
2024
£
Operating leases which expire:
254,593
210,070
Within 1 year
267,396
204,478
Within 2 to 5 years
459,071
477,466
The above represent the total commitments analysed by the time period in which the leases are due to expire.
10. Subsequent events
On 29th October 2024, Adler & Allan Limited acquired MEL (Holdings) Limited (parent company) along with the remaining minority shareholding in this company.
11. Average number of persons employed
During the period the average number of employees was 67 (2023 : 61)
12. Parent-subsidiary relationship
The immediate parent undertaking is MEL (Holdings) Limited, a company incorporated in England and Wales, whose registered office address is 80 Station Parade, Harrogate, HG1 1HQ. In the opinion of the directors the ultimate parent company is Cheshire Topco Ltd, a company incorporated in Jersey, which is ultimately controlled by its directors and their financial co-investor Goldman Sachs Alternatives.
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