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REGISTERED NUMBER: 02894536 (England and Wales)














MILLSON ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLSON ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: T T Soloducha
Mrs S Soloducha





REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG





REGISTERED NUMBER: 02894536 (England and Wales)

MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 310,380 325,870

CURRENT ASSETS
Stocks 82,515 90,911
Debtors 5 170,466 319,131
Cash at bank and in hand 182 14,519
253,163 424,561
CREDITORS
Amounts falling due within one year 6 214,706 183,622
NET CURRENT ASSETS 38,457 240,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,837

566,809

CREDITORS
Amounts falling due after more than one
year

7

(49,995

)

(74,428

)

PROVISIONS FOR LIABILITIES 8 (6,956 ) (9,438 )
NET ASSETS 291,886 482,943

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 291,786 482,843
SHAREHOLDERS' FUNDS 291,886 482,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 20th November 2023 and were signed on its behalf by:





T T Soloducha - Director


MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Millson Engineering 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.

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.
Leasehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
property machinery fittings
£ £ £
COST
At 1st March 2022 250,314 236,228 1,692
Disposals - - -
At 28th February 2023 250,314 236,228 1,692
DEPRECIATION
At 1st March 2022 3,102 195,246 169
Charge for year - 6,147 305
Eliminated on disposal - - -
At 28th February 2023 3,102 201,393 474
NET BOOK VALUE
At 28th February 2023 247,212 34,835 1,218
At 28th February 2022 247,212 40,982 1,523

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1st March 2022 264,998 1,137 754,369
Disposals (11,699 ) - (11,699 )
At 28th February 2023 253,299 1,137 742,670
DEPRECIATION
At 1st March 2022 228,845 1,137 428,499
Charge for year 9,038 - 15,490
Eliminated on disposal (11,699 ) - (11,699 )
At 28th February 2023 226,184 1,137 432,290
NET BOOK VALUE
At 28th February 2023 27,115 - 310,380
At 28th February 2022 36,153 - 325,870

MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 60,794 41,927
Amounts owed by group undertakings 102,364 253,456
Other debtors 4,813 4,268
Prepayments and accrued income 2,495 19,480
170,466 319,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 61,892 20,000
Hire purchase contracts 6,244 6,822
Trade creditors 54,745 47,282
Amounts owed to group undertakings 56,963 73,140
Social security and other taxes 2,196 5,138
VAT 31,116 29,521
Accrued expenses 1,550 1,719
214,706 183,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 46,667 66,667
Hire purchase contracts 3,328 7,761
49,995 74,428

8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 6,956 9,438

Deferred tax
£
Balance at 1st March 2022 9,438
Provided during year (2,482 )
Balance at 28th February 2023 6,956

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

MILLSON ENGINEERING LIMITED (REGISTERED NUMBER: 02894536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

10. RELATED PARTY DISCLOSURES

As at the year end loans between related companies existed of the below:

As at 28 February 2023 Millson Engineering Limited owed £56,963 (2022 £73,140) to M.V Products Limited.

As at 28 February 2023 Millson Engineering Limited were owed £nil (2022 £244.762) by Estate Country Feeds Limited.

TRS Manufacturing Group Limited owed Millson Engineering Limited £102,364 (2022 £8,694).

There is no ultimate controlling party by virtue of no controlling interest in the ultimate parent company.