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REGISTERED NUMBER: 04463076 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Milling Plant Solutions Limited

Milling Plant Solutions Limited (Registered number: 04463076)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Milling Plant Solutions Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: W G Bell
P A Comer





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 04463076 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Milling Plant Solutions Limited (Registered number: 04463076)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 57,877 82,800
Cash at bank 83,093 100,730
140,970 183,530
CREDITORS
Amounts falling due within one year 5 (139,009 ) (188,293 )
NET CURRENT ASSETS/(LIABILITIES) 1,961 (4,763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,961

(4,763

)

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 1,959 (4,765 )
SHAREHOLDERS' FUNDS 1,961 (4,763 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





P A Comer - Director


Milling Plant Solutions Limited (Registered number: 04463076)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Milling Plant Solutions 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,497 82,800
Other debtors 3,380 -
57,877 82,800

Milling Plant Solutions Limited (Registered number: 04463076)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,024 9,623
Amounts owed to group undertakings 119,661 174,223
Taxation and social security 224 1,447
Other creditors 3,100 3,000
139,009 188,293

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 May 2022 (4,765 )
Profit for the year 6,724
At 30 April 2023 1,959

8. RELATED PARTY DISCLOSURES

During the year the company paid management charges to its parent company Southwestern Corporation Holdings Limited of £35,000 (2022 £50,000)
The balance due to the parent company at the year end was £119,661 (2022 £174,223)

9. ULTIMATE CONTROLLING PARTY

Southwestern Corporation Holdings Ltd is regarded by the directors as being the company's ultimate parent company.

The company's ultimate controlling party is Mr W G Bell and Mr P A Comer by virtue of their ownership of 100% of the issued ordinary share capital in the parent company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Milling Plant Solutions 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 Milling Plant Solutions Limited for the year ended 30 April 2023 which comprise the Profit and Loss Account, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Milling Plant Solutions 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 Milling Plant Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Milling Plant Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milling Plant Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Milling Plant Solutions 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 Milling Plant Solutions Limited. You consider that Milling Plant Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Milling Plant Solutions 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.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


20 November 2023