J C MILLS & SON LIMITED

Company Registration Number:
05058262 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

J C MILLS & SON LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

J C MILLS & SON LIMITED

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Directors

The directors shown below have held office during the whole of the period from
1 June 2022 to 31 May 2023

P M Stringer
D Pedgrift


Secretary P M Stringer

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 October 2023

And signed on behalf of the board by:
Name: P M Stringer
Status: Secretary

J C MILLS & SON LIMITED

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 1,079,440 737,655
Cost of sales: ( 635,126 ) ( 456,950 )
Gross profit(or loss): 444,314 280,705
Administrative expenses: ( 251,140 ) ( 220,293 )
Other operating income: 19,330 17,461
Operating profit(or loss): 212,504 77,873
Interest receivable and similar income: 1,201 735
Profit(or loss) before tax: 213,705 78,608
Tax: ( 43,566 ) ( 10,905 )
Profit(or loss) for the financial year: 170,139 67,703

J C MILLS & SON LIMITED

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 44,893 54,461
Investments: 4 423,620 423,620
Total fixed assets: 468,513 478,081
Current assets
Stocks: 5 8,045 9,583
Debtors: 6 211,636 145,351
Cash at bank and in hand: 701,751 608,354
Total current assets: 921,432 763,288
Creditors: amounts falling due within one year: 7 ( 98,370 ) ( 79,188 )
Net current assets (liabilities): 823,062 684,100
Total assets less current liabilities: 1,291,575 1,162,181
Total net assets (liabilities): 1,291,575 1,162,181
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,291,475 1,162,081
Total Shareholders' funds: 1,291,575 1,162,181

The notes form part of these financial statements

J C MILLS & SON LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 October 2023
and signed on behalf of the board by:

Name: P M Stringer
Status: Director

The notes form part of these financial statements

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, met of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 25% on a reducing balance basisMotor Vehicles 25% on a reducing balance basis

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 11,695 149,104 160,799
Additions 28,000 28,000
Disposals ( 35,327 ) ( 35,327 )
Revaluations
Transfers
At 31 May 2023 11,695 141,777 153,472
Depreciation
At 1 June 2022 7,297 99,041 106,338
Charge for year 1,099 9,974 11,073
On disposals ( 8,832 ) ( 8,832 )
Other adjustments
At 31 May 2023 8,396 100,183 108,579
Net book value
At 31 May 2023 3,299 41,594 44,893
At 31 May 2022 4,398 50,063 54,461

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Fixed assets investments note

Fair value at 1 June 2022 and 31 May 2023 423620

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Stocks

2023 2022
£ £
Stocks 8,045 9,583
Total 8,045 9,583

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Debtors

2023 2022
£ £
Trade debtors 121,511 51,245
Prepayments and accrued income 5,918 5,380
Other debtors 84,207 88,726
Total 211,636 145,351

J C MILLS & SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 19,889 13,456
Taxation and social security 75,348 58,907
Accruals and deferred income 3,133 2,840
Other creditors 3,985
Total 98,370 79,188