REGISTERED NUMBER: 09013865 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

MATERIALS ENGINEERING & TESTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M McMillan

REGISTERED OFFICE:

Unit 72

Blackpole Trading Estate West

Worcester

England

WR3 8TJ

REGISTERED NUMBER:

09013865 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

FIXED ASSETS

Tangible assets

4

177,072

151,595

CURRENT ASSETS

Debtors

5

198,619

414,311

Cash at bank and in hand

70,096

10,359

268,715

424,670

CREDITORS

Amounts falling due within one year

6

212,046

233,468

NET CURRENT ASSETS

56,669

191,202

TOTAL ASSETS LESS CURRENT LIABILITIES

233,741

342,797

CREDITORS

Amounts falling due after more than one year

7

(102,495

)

(62,457

)

PROVISIONS FOR LIABILITIES

10

(43,016

)

(37,899

)

NET ASSETS

88,230

242,441

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

88,227

242,438

SHAREHOLDERS' FUNDS

88,230

242,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 January 2026 and were signed by:

M McMillan - Director

1.	STATUTORY INFORMATION

Materials Engineering & Testing Ltd 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 20% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

620,888

Additions

64,745

At 30 April 2025

685,633

DEPRECIATION

At 1 May 2024

469,293

Charge for year

39,268

At 30 April 2025

508,561

NET BOOK VALUE

At 30 April 2025

177,072

At 30 April 2024

151,595

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

Plant and

machinery

etc

£

COST

At 1 May 2024

30,555

Additions

56,017

At 30 April 2025

86,572

DEPRECIATION

At 1 May 2024

1,357

Charge for year

8,179

At 30 April 2025

9,536

NET BOOK VALUE

At 30 April 2025

77,036

At 30 April 2024

29,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

43,493

70,158

Other debtors

155,126

344,153

198,619

414,311

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

9,998

9,998

Hire purchase contracts (see note 8)

21,425

10,185

Trade creditors

4,316

11,269

Taxation and social security

68,513

119,017

Other creditors

107,794

82,999

212,046

233,468

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

835

10,835

Hire purchase contracts (see note 8)

39,483

18,672

Other creditors

62,177

32,950

102,495

62,457

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

21,425

10,185

Between one and five years

39,483

18,672

60,908

28,857

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

6,983

-

Between one and five years

12,221

-

19,204

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

60,908

-

Other loans

159,205

105,796

220,113

105,796

All other loans are secured by way of director personal guarantees.

Hire purchase liabilities are secured on the asset to which they relate.

10.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

43,016

37,899

Deferred

tax

£

Balance at 1 May 2024

37,899

Provided during year

5,117

Balance at 30 April 2025

43,016

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed by Mr M McMillan, a director £152,441 (2024: £340,665).

The director and his wife received dividends totalling £338,170 in the year.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M McMillan.