Melford Construction Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04106158 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Melford Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P A Wright

Mr C J Wright

REGISTERED OFFICE:

The Riverside Business Park

Gravel Lane

Banks

Southport

Merseyside

PR9 8DE

REGISTERED NUMBER:

04106158 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

13a Duke Street

Southport

Merseyside

PR8 1LS

FIXED ASSETS

Intangible assets

4

444

758

Tangible assets

5

126,065

149,661

Investment property

6

398,121

524,630

548,540

CURRENT ASSETS

Stocks

946,111

1,614,571

Debtors

7

370,633

205,356

Cash at bank and in hand

203,622

11,699

1,520,366

1,831,626

CREDITORS

Amounts falling due within one year

8

(156,236

)

(515,456

)

NET CURRENT ASSETS

1,364,130

1,316,170

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,888,760

1,864,710

PROVISIONS FOR LIABILITIES

(8,186

)

(11,852

)

NET ASSETS

1,880,574

1,852,858

CAPITAL AND RESERVES

Called up share capital

11

2,100

Retained earnings

1,878,474

1,850,758

SHAREHOLDERS' FUNDS

1,880,574

1,852,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 30 July 2026 and were signed on its behalf by:

Mr P A Wright - Director

1.	STATUTORY INFORMATION

Melford Construction 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.	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 represents the net sales value excluding VAT of properties constructed and sold during the year and other contracting work done where the right to consideration existed in the year.

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 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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is stated at fair value which the directors consider to be not materially different to cost at either 31 October 2025 or 31 October 2024.

Stocks

Stocks consist of land purchased for development and construction cost of properties either in progress or completed but unsold at 31 October 2025. Stocks are valued at the lower of cost and net realisable value.

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.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 November 2024

and 31 October 2025

3,136

AMORTISATION

At 1 November 2024

2,378

Amortisation for year

314

At 31 October 2025

2,692

NET BOOK VALUE

At 31 October 2025

444

At 31 October 2024

758

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

281,741

14,436

186,988

4,360

487,525

Additions

-

1,298

At 31 October 2025

281,741

14,436

186,988

5,658

488,823

DEPRECIATION

At 1 November 2024

204,293

11,109

119,485

2,977

337,864

Charge for year

7,745

333

16,111

705

24,894

At 31 October 2025

212,038

11,442

135,596

3,682

362,758

NET BOOK VALUE

At 31 October 2025

69,703

2,994

51,392

1,976

126,065

At 31 October 2024

77,448

3,327

67,503

1,383

149,661

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

Motor

vehicles

£

COST

At 1 November 2024

93,064

Transfer to ownership

(93,064

)

At 31 October 2025

-

DEPRECIATION

At 1 November 2024

53,803

Transfer to ownership

(53,803

)

At 31 October 2025

-

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

39,261

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

398,121

NET BOOK VALUE

At 31 October 2025

398,121

At 31 October 2024

398,121

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

73,559

26,270

Amounts recoverable

on contracts

14,532

Other debtors

268,669

150,681

356,760

191,483

Amounts falling due after more than one year:

Other debtors

13,873

Aggregate amounts

370,633

205,356

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 9)

-

277,084

Hire purchase contracts

-

2,502

Trade creditors

70,080

164,197

Taxation and social security

75,996

7,698

Other creditors

10,160

63,975

156,236

515,456

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 year

-

277,084

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

-

277,084

Hire purchase contracts

-

2,502

-

279,586

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2,000

Ordinary

£1

2,000

100

Ordinary A

£1

100

2,100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

Mr P A Wright

Balance outstanding at start of year

60,310

68,141

Amounts advanced

187,793

117,705

Amounts repaid

(141,530

)

(125,536

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

106,573

60,310

Mr C J Wright

Balance outstanding at start of year

73,722

71,597

Amounts advanced

94,095

67,145

Amounts repaid

(34,521

)

(65,020

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

133,296

73,722

The above balances were partially repaid within 9 months of the year-end. The loans are repayable on demand and interest at HMRC rates is charged annually in arrears.

13.	RELATED PARTY DISCLOSURES

Creditors include an interest-free loan of £4,982 (2024: £54,272) due to P.A.Wright & Son Limited, a company which is controlled by a director, Mr.P.A.Wright. There are no fixed repayment terms.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr.P.A.Wright, who is the majority shareholder.