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REGISTERED NUMBER: 09361305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MILL GARDENS LTD

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILL GARDENS LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: T E Bigge
D M Chalmers





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 09361305 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,302 190,543

CURRENT ASSETS
Debtors 5 45,738 36,705
Cash at bank and in hand 11,563 17,635
57,301 54,340
CREDITORS
Amounts falling due within one year 6 89,163 76,569
NET CURRENT LIABILITIES (31,862 ) (22,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,440

168,314

CREDITORS
Amounts falling due after more than one
year

7

(128,320

)

(120,761

)

PROVISIONS FOR LIABILITIES 9 (30,979 ) (18,469 )
NET ASSETS 27,141 29,084

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 27,131 29,074
SHAREHOLDERS' FUNDS 27,141 29,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

BALANCE SHEET - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2024 and were signed on its behalf by:




T E Bigge - Director



D M Chalmers - Director


MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Mill Gardens Ltd 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.
Plant and machinery - 12.5% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 117,178 115,535 1,756 234,469
Additions 66,040 35,955 - 101,995
Disposals (46,499 ) - - (46,499 )
At 31st December 2023 136,719 151,490 1,756 289,965
DEPRECIATION
At 1st January 2023 21,263 22,377 286 43,926
Charge for year 9,795 25,823 580 36,198
Eliminated on disposal (8,461 ) - - (8,461 )
At 31st December 2023 22,597 48,200 866 71,663
NET BOOK VALUE
At 31st December 2023 114,122 103,290 890 218,302
At 31st December 2022 95,915 93,158 1,470 190,543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 45,738 36,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 5,200 5,368
Hire purchase contracts 42,666 28,322
Trade creditors 582 1,104
Social security and other taxes 575 628
VAT 17,454 19,655
Other creditors 19,565 19,519
Directors' current accounts 2,915 1,467
Accrued expenses 206 506
89,163 76,569

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans - 1-2 years 5,500 5,520
Bank loans - 2-5 years 17,000 17,402
Bank loans more than 5 years
repayable by instalments 5,809 10,441
Hire purchase contracts 100,011 87,398
128,320 120,761

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/23 31/12/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
repayable by instalments 5,809 10,441
5,809 10,441

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts 142,677 115,720

The hire purchases balances are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 30,979 18,469

Deferred
tax
£   
Balance at 1st January 2023 18,469
Accelerated capital allowances 12,510
Balance at 31st December 2023 30,979

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
10 Ordinary £1 10 10