Melford Laboratories Limited - Filleted accounts

Registered number

01984661

Melford Laboratories Limited

Unaudited Filleted Accounts

31 March 2025

Accountants

Poole Mordant

Chartered Accountants

Old Stables

71 Dunstans Road

East Dulwich

London

SE22 0HD

Telephone: 020 7232 0707

General email: info@poolemordant.co.uk

M037-ML5

ADJ 35

Melford Laboratories Limited
Registered number:		01984661
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		28,220			56,112

Current assets
Stocks		143,892			187,683
Debtors	4	1,090,183			980,222
Cash at bank and in hand		59,058			35,107
		1,293,133			1,203,012

Creditors: amounts falling due within one year	5	(726,129)			(848,169)

Net current assets			567,004			354,843

Total assets less current liabilities			595,224			410,955


Provisions for liabilities			(7,055)			(13,563)


Net assets			588,169			397,392

Capital and reserves
Called up share capital			22,260			22,260
Share premium			290,000			290,000
Profit and loss account			275,909			85,132

Shareholder's funds			588,169			397,392

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P J Chudy
Director
Approved by the board on 21 December 2025

Melford Laboratories Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Plant and machinery	over 3 or 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			15		14


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	293,579		268,805		562,384
	Additions	-		3,355		3,355
	At 31 March 2025	293,579		272,160		565,739

	Depreciation
	At 1 April 2024	293,579		212,693		506,272
	Charge for the year	-		31,247		31,247
	At 31 March 2025	293,579		243,940		537,519

	Net book value
	At 31 March 2025	-		28,220		28,220
	At 31 March 2024	-		56,112		56,112


4	Debtors			2025		2024
£					£

	Trade debtors			258,815		222,847
	Other debtors			831,368		757,375
				1,090,183		980,222


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			53,944		58,430
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			367,153		495,775
	Taxation and social security costs			142,744		77,644
	Other creditors			162,288		216,320
				726,129		848,169


6	Controlling party

	On 29th April 2016 control passed to West Olive Holdings Limited Partnership of Illinois, USA, controlled by the Chudy Family also of Illinois, USA.


7	Other information

	Melford Laboratories Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Bildeston Road
	Chelsworth
	Ipswich
	IP7 7LE