Mellish Engineering Services Limited - Accounts to registrar (filleted) - small 18.2
Mellish Engineering Services Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
MELLISH ENGINEERING SERVICES LIMITED |
PREVIOUSLY KNOWN AS |
RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 JANUARY 2021 TO 31 JANUARY 2022 |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 9 |
Chartered Certified Accountants' Report | 10 |
MELLISH ENGINEERING SERVICES LIMITED |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Bank Court |
Weldon Road |
Loughborough |
Leicestershire |
LE11 5RF |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
BALANCE SHEET |
31 JANUARY 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 12 |
Retained earnings |
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. |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
BALANCE SHEET - continued |
31 JANUARY 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
1. | STATUTORY INFORMATION |
Mellish Engineering Services Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use. |
Property and plant whose fair value can be measured reliably are held under the revaluation model and are carried at the revalued amount, being the fair value at the date of valuation, less any subsequent accumulated depreciation and impairment. Revaluation gains and losses are recognised in the statement of other comprehensive income and accumulated in equity. |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Stock and work in progress are valued at the lower of cost and estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale. Stock is recognised as an expense in the period in which the related revenue is recognised. |
The cost of stock is based on the aggregated actual cost price and includes expenditure incurred in acquiring inventory, production or conversion costs, and other costs incurred in bringing them to their existing location and condition. |
The cost of work in progress and finished goods includes all production overheads and the attributable proportion of indirect overheads based on the normal level of activity. |
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale. Provision is made for obsolete, slow moving or defective items where appropriate. |
Taxation |
Taxation for the period 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 period 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. |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
Additions |
Revaluations |
At 31 January 2022 |
DEPRECIATION |
Charge for period |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
Cost or valuation at 31 January 2022 is represented by: |
Plant and |
machinery |
etc |
£ |
Valuation in 2022 | 154,589 |
Cost | 799,051 |
953,640 |
If plant and machinery had not been revalued it would have been included at the following historical cost: |
£ |
Cost | 799,051 |
Aggregate depreciation | 11,884 |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
5. | TANGIBLE FIXED ASSETS - continued |
Plant and machinery was valued on a fair value basis on 4 November 2021 by Tallon & Associates. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 9) |
Hire purchase contracts (see note 10) |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Hire purchase contracts (see note 10) |
Taxation and social security |
Other creditors |
9. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
The company's invoice discounting facility is an integral part of the entities cash management and has therefore been included within bank overdraft. |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
10. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire |
purchase |
contracts |
£ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
£ |
Within one year |
Between one and five years |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank overdraft |
Hire purchase contracts | 832,077 |
Other creditors | 96,875 |
The bank overdraft including the invoice discounting facility is secured by a fixed and floating charge over the assets of the company. |
Included in other creditors is deferred consideration for which there is a fixed and floating charge in respect of it. |
The hire purchase liabilities are secured against the assets financed. |
MELLISH ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 13138351) |
PREVIOUSLY KNOWN AS RUTLAND PROFESSIONAL SOLUTIONS LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 JANUARY 2021 TO 31 JANUARY 2022 |
12. | RESERVES |
Fair |
value |
reserve |
£ |
Revaluation | 125,217 |
Transfer | (4,183 | ) |
At 31 January 2022 |
Fair value reserve - the aggregate surplus on re-measurement of plant and equipment, net of associated deferred tax. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
MELLISH ENGINEERING SERVICES LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mellish Engineering Services Limited for the period ended 31 January 2022 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Mellish Engineering Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mellish Engineering Services Limited and state those matters that we have agreed to state to the Board of Directors of Mellish Engineering Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Mellish Engineering Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mellish Engineering Services Limited. You consider that Mellish Engineering Services Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Mellish Engineering Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
4 Bank Court |
Weldon Road |
Loughborough |
Leicestershire |
LE11 5RF |