REGISTERED NUMBER: 02178169 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Machenair Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R Medley

J R Medley

M P Rowley

K Bould

M Medley

SECRETARY:

R Medley

REGISTERED OFFICE:

Machenair House

Wakefield Road

Ossett

West Yorkshire

WF5 9LB

REGISTERED NUMBER:

02178169 (England and Wales)

AUDITORS:

Stirk Lambert & Co

Chartered Accountants

Statutory Auditors

Russell Chambers

61a North Street

Keighley

BD21 3DS

FIXED ASSETS

Tangible assets

5

181,697

115,866

CURRENT ASSETS

Stocks

6

36,303

66,179

Debtors

7

1,633,501

1,586,825

Cash at bank

1,375,835

1,248,247

3,045,639

2,901,251

CREDITORS

Amounts falling due within one year

8

(1,626,209

)

(956,778

)

NET CURRENT ASSETS

1,419,430

1,944,473

TOTAL ASSETS LESS CURRENT LIABILITIES

1,601,127

2,060,339

PROVISIONS FOR LIABILITIES

(31,368

)

(16,264

)

NET ASSETS

1,569,759

2,044,075

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

1,569,559

2,043,875

SHAREHOLDERS' FUNDS

1,569,759

2,044,075

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 23 September 2025 and were signed on its behalf by:

R Medley - Director

1.	STATUTORY INFORMATION

Machenair 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.

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.

Preparation of consolidated financial statements

The financial statements show the results of the company as an individual entity, as it is a subsidiary company only.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and

services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have

transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service

transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the

outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

33% on cost and 25% on 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.

Long term contracts are stated at total costs incurred, net of amounts transferred to the profit and loss account in respect of work carried out to date, less foreseeable losses and applicable payments on account.

The stage of completion is agreed with the clients quantity surveyors.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 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.

Hire purchase and leasing commitments

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

30,776

61,670

232,800

325,246

Additions

-

4,300

117,391

121,691

Disposals

-

(6,945

)

(67,416

)

(74,361

)

At 31 December 2024

30,776

59,025

282,775

372,576

DEPRECIATION

At 1 January 2024

30,726

46,520

132,134

209,380

Charge for year

17

5,939

35,919

41,875

Eliminated on disposal

-

(6,937

)

(53,439

)

(60,376

)

At 31 December 2024

30,743

45,522

114,614

190,879

NET BOOK VALUE

At 31 December 2024

33

13,503

168,161

181,697

At 31 December 2023

50

15,150

100,666

115,866

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

11,077

30,712

Work-in-progress

25,226

35,467

36,303

66,179

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,355,953

1,272,626

Amounts owed by group undertakings

145,660

145,660

Other debtors

110

-

VAT

62,145

93,188

Prepayments

69,633

75,351

1,633,501

1,586,825

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

962,484

624,675

Amounts owed to group undertakings

26,251

26,251

Tax

58,308

30,663

Social security and other taxes

54,694

40,765

Other creditors

10,203

10,203

Directors' current accounts

88,665

95,475

Accrued expenses

425,604

128,746

1,626,209

956,778

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

Ordinary B Shares are Non Voting shares.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Hudson FCA (Senior Statutory Auditor)

for and on behalf of Stirk Lambert & Co

11.	RELATED PARTY DISCLOSURES

Directors Messrs R and J R Medley own 70.4% of the shares in Horbury Bridge (Holdings) Limited. Horbury Bridge (Holdings) Limited controls the share capital of subsidiary companies MAP Ventilation Limited (100%) and Horbury Bridge (Properties) Limited (100%). Transactions with fellow subsidiaries are disclosed via the group consolidated financial statements.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by Horbury Bridge (Holdings) Limited, a company registered in England & Wales, .