REGISTERED NUMBER: 01938665 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MELBROS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B G Melvin

Mr J M Melvin

Mr I B Melvin

Miss L J Melvin

Mr N A Melvin

SECRETARY:

Mr B G Melvin

REGISTERED OFFICE:

Great Central Way

Rugby

Warwickshire

CV21 3XH

REGISTERED NUMBER:

01938665 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

5,444

10,888

Tangible assets

5

945,812

934,591

Investments

6

50,001

50,001

Investment property

7

850,000

850,000

1,851,257

1,845,480

CURRENT ASSETS

Stocks

8

672,502

622,271

Debtors

9

1,710,071

2,158,932

Cash at bank and in hand

604,350

749,458

2,986,923

3,530,661

CREDITORS

Amounts falling due within one year

10

800,541

1,387,505

NET CURRENT ASSETS

2,186,382

2,143,156

TOTAL ASSETS LESS CURRENT LIABILITIES

4,037,639

3,988,636

CREDITORS

Amounts falling due after more than one year

11

(732,937

)

(647,343

)

PROVISIONS FOR LIABILITIES

(236,453

)

(233,535

)

NET ASSETS

3,068,249

3,107,758

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,068,149

3,107,658

SHAREHOLDERS' FUNDS

3,068,249

3,107,758

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N A Melvin - Director

1.	STATUTORY INFORMATION

Melbros Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold Improvements

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 Income Statement, 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.

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 29 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

54,441

AMORTISATION

At 1 January 2024

43,553

Amortisation for year

5,444

At 31 December 2024

48,997

NET BOOK VALUE

At 31 December 2024

5,444

At 31 December 2023

10,888

5.	TANGIBLE FIXED ASSETS

Leasehold

Display

Plant and

Improvements

Items

machinery

£

£

£

COST

At 1 January 2024

172,334

245,136

1,623,292

Additions

-

20,741

207,844

Disposals

-

-

(426,770

)

At 31 December 2024

172,334

265,877

1,404,366

DEPRECIATION

At 1 January 2024

165,180

210,752

1,012,873

Charge for year

2,733

14,417

188,518

Eliminated on disposal

-

-

(362,577

)

At 31 December 2024

167,913

225,169

838,814

NET BOOK VALUE

At 31 December 2024

4,421

40,708

565,552

At 31 December 2023

7,154

34,384

610,419

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

233,489

479,169

119,384

2,872,804

Additions

1,029

170,610

14,374

414,598

Disposals

-

(65,664

)

-

(492,434

)

At 31 December 2024

234,518

584,115

133,758

2,794,968

DEPRECIATION

At 1 January 2024

191,799

247,483

110,126

1,938,213

Charge for year

10,680

95,379

6,680

318,407

Eliminated on disposal

-

(44,887

)

-

(407,464

)

At 31 December 2024

202,479

297,975

116,806

1,849,156

NET BOOK VALUE

At 31 December 2024

32,039

286,140

16,952

945,812

At 31 December 2023

41,690

231,686

9,258

934,591

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

460,470

Additions

150,626

Transfer to ownership

(214,740

)

At 31 December 2024

396,356

DEPRECIATION

At 1 January 2024

236,563

Charge for year

77,063

Transfer to ownership

148,462

At 31 December 2024

462,088

NET BOOK VALUE

At 31 December 2024

(65,732

)

At 31 December 2023

223,907

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1

50,000

50,001

NET BOOK VALUE

At 31 December 2024

1

50,000

50,001

At 31 December 2023

1

50,000

50,001

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

850,000

NET BOOK VALUE

At 31 December 2024

850,000

At 31 December 2023

850,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

125,400

Cost

724,600

850,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

724,600

724,600

investment property was valued on an open market basis on 31 December 2021 by the director .

8.

STOCKS

2024

2023

£

£

Finished goods

672,502

622,271

9.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

361,166

321,873

Amounts owed by group undertakings

388,155

922,566

Other debtors

902,412

886,155

1,651,733

2,130,594

Amounts falling due after more than one year:

Other debtors

58,338

28,338

Aggregate amounts

1,710,071

2,158,932

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

141,566

128,656

Hire purchase contracts

62,745

61,123

Trade creditors

469,644

461,297

Amounts owed to group undertakings

11,984

11,984

Taxation and social security

29,044

256,392

Other creditors

85,558

468,053

800,541

1,387,505

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

630,033

528,160

Hire purchase contracts

102,904

119,183

732,937

647,343

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

109,713

159,404

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr N A Melvin

Balance outstanding at start of year

617,109

(16,700

)

Amounts advanced

14,300

658,109

Amounts repaid

(14,300

)

(24,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

617,109

617,109

13.	ULTIMATE PARENT COMPANY

The company is a subsidiary of and controlled by RMB (Rugby) Ltd who are incorporated and registered in England, company registration number 01496501