Manthorpe Engineering Limited

Strategic Report for the Year Ended 30 April 2025

The directors present their strategic report for the year ended 30 April 2025.

Principal activity

The principal activity of the Company is engineering manufacture and design.

Fair review of the business

The financial year has been marked by strong performance and strategic investment. The Company has achieved notable growth in both turnover and profit before tax, reflecting robust demand, operational efficiency, and effective cost management.

Financial Performance

•	Turnover increased by 5%

•	Profit before tax rose by 48%, driven by margin improvements

This growth underscores the Company’s resilience and ability to adapt to market dynamics while maintaining profitability.

Strategic Investments
To support future growth and enhance operational capabilities, the Company has:

•	Committed investment in additional advanced machine tools, which will support the manufacture of larger components and allow the Company to enter new markets

•	Drawn up plans to expand its machine shop space, enabling increased production capacity

These investments are aligned with the Company’s long-term strategy to strengthen its competitive position, improve service delivery, and meet evolving customer demands.

Outlook
Looking ahead, the Company is well-positioned to capitalize on its enhanced infrastructure. Key priorities include:

•	Leveraging new capacity to pursue the manufacture of larger components

•	Continuing to invest in workforce development to support the use of new technologies

•	Exploring opportunities in new markets and sectors where precision engineering is in high demand

Conclusion
The Company’s strong financial performance and strategic investments reflect a clear commitment to sustainable growth. With a solid foundation and forward-looking initiatives, the business is well-equipped to navigate future challenges and seize new opportunities.
 

Manthorpe Engineering Limited

Strategic Report for the Year Ended 30 April 2025

Principal risks and uncertainties

The principal risk faced by the business is the failure of its main customers. This risk is mitigated by the development of the customer base.

Price risk is managed by the business model through which goods are manufactured to order with prices agreed at the tender stage. The short- and longer-term effects of inflation are also considered.

Exposure to credit risk is minimised by the performance of credit checks on all new customers and ongoing monitoring of existing customers.

Cashflow risk continues to be managed through a system of internal controls and monitoring procedures to keep the working capital cycle as short as possible with a strong emphasis on clearly identifying the group's cash requirements in the short, medium and long-term taking into account future expected rates of inflation.

Risks in relation to recruitment and staff retention are mitigated by offering high levels of training, internal career development and industry competitive salary levels.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

Mrs C S Pochciol Company secretary and director

Manthorpe Engineering Limited

Directors' Report for the Year Ended 30 April 2025

The directors present their report and the financial statements for the year ended 30 April 2025.

Directors of the Company

The directors who held office during the year were as follows:

Mr P G Pochciol

Mrs C S Pochciol - Company secretary and director

Mr M Elliot

Mr T F Pochciol

Results and dividends

The profit for the year, after taxation, amounted to £1,008,582 (2024 - £806,134)

Financial instruments

Objectives and policies

The directors have implemented procedures to minimise risks wherever possible.

Price risk, credit risk, liquidity risk and cash flow risk

Please see Principle risks and uncertainties in the Strategic Report.

Going concern

After reviewing the group's forecasts and projections, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

Page Kirk LLP have expressed their willingness to continue as auditors for the next financial year.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

Mrs C S Pochciol Company secretary and director

Manthorpe Engineering Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Manthorpe Engineering Limited

Independent Auditor's Report to the Members of Manthorpe Engineering Limited

Opinion

We have audited the financial statements of Manthorpe Engineering Limited (the 'Company') for the year ended 30 April 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the Company's affairs as at 30 April 2025 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Manthorpe Engineering Limited

Independent Auditor's Report to the Members of Manthorpe Engineering Limited

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Manthorpe Engineering Limited

Independent Auditor's Report to the Members of Manthorpe Engineering Limited

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the Company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, taxation legislation and money laundering regulations.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of revenue. Our audit procedures to respond to these risks included:

•	Enquiries of management about their own identification and assessment of the risks of irregularities.
•	Sample testing on the posting of journals.
•	Reviewing regulatory correspondence and professional fees.
•	Detailed substantive testing on the completeness of income.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor’s report.

Manthorpe Engineering Limited

Independent Auditor's Report to the Members of Manthorpe Engineering Limited

Use of our report

This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an Auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

John Wallis FCA (Senior Statutory Auditor)

For and on behalf of
Page Kirk LLP

Chartered Accountants and Statutory Auditor
 Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

25 November 2025

Manthorpe Engineering Limited

Profit and Loss Account for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Turnover	3	12,453,410	11,865,882
Cost of sales		(8,532,625)	(8,595,616)
Gross profit		3,920,785	3,270,266
Administrative expenses		(2,577,555)	(2,358,771)
Operating profit	4	1,343,230	911,495
Other interest receivable and similar income	5	50	48
Interest payable and similar expenses	6	-	(1,120)
		50	(1,072)
Profit before tax		1,343,280	910,423
Tax on profit	10	(334,698)	(104,289)
Profit for the financial year		1,008,582	806,134

The above results were derived from continuing operations.

The Company has no recognised gains or losses for the year other than the results above.

Manthorpe Engineering Limited

(Registration number: 01810526)
Balance Sheet as at 30 April 2025

	Note	2025 £		2024 £
Fixed assets
Intangible assets	11		31,947		47,709
Tangible assets	12		1,778,895		1,778,419
			1,810,842		1,826,128
Current assets
Stocks	13	2,244,761		1,986,485
Debtors	14	3,681,259		2,338,041
Cash at bank and in hand		2,306,235		1,951,870
		8,232,255		6,276,396
Creditors: Amounts falling due within one year	16	(3,062,168)		(2,165,497)
Net current assets			5,170,087		4,110,899
Total assets less current liabilities			6,980,929		5,937,027
Provisions for liabilities	17		(247,169)		(211,849)
Net assets			6,733,760		5,725,178
Capital and reserves
Called up share capital		15,000		15,000
Profit and loss account		6,718,760		5,710,178
Shareholders' funds			6,733,760		5,725,178

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

Mr P G Pochciol Director

Manthorpe Engineering Limited

Statement of Changes in Equity for the Year Ended 30 April 2025

	Share capital £	Profit and loss account £	Total £
At 1 May 2024	15,000	5,710,178	5,725,178
Profit for the year	-	1,008,582	1,008,582
At 30 April 2025	15,000	6,718,760	6,733,760