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Company Registration No. 04254622 (England and Wales)
M T Mills (Civil Contractors) Limited Unaudited accounts for the year ended 31 October 2023
M T Mills (Civil Contractors) Limited Unaudited accounts Contents
Page
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M T Mills (Civil Contractors) Limited Company Information for the year ended 31 October 2023
Directors
Mr M Mills Mrs K Mills
Company Number
04254622 (England and Wales)
Registered Office
Unit 2 Cannon Road Heathfield Industrial Estate Newton Abbot Devon TQ12 6SG
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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M T Mills (Civil Contractors) Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
111,975 
139,628 
Current assets
Inventories
236,200 
210,788 
Debtors
203,716 
591,246 
Cash at bank and in hand
(25,946)
(98,117)
413,970 
703,917 
Creditors: amounts falling due within one year
(203,315)
(455,931)
Net current assets
210,655 
247,986 
Total assets less current liabilities
322,630 
387,614 
Creditors: amounts falling due after more than one year
(301,614)
(295,296)
Provisions for liabilities
Deferred tax
(18,394)
(17,975)
Net assets
2,622 
74,343 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
6,643 
6,643 
Profit and loss account
(5,021)
66,700 
Shareholders' funds
2,622 
74,343 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by
Mr M Mills Director Company Registration No. 04254622
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M T Mills (Civil Contractors) Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
M T Mills (Civil Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 04254622. The registered office is Unit 2 Cannon Road, Heathfield Industrial Estate, Newton Abbot, Devon, TQ12 6SG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on Reducing Balance Basis
Motor vehicles
25% on Reducing Balance Basis
Fixtures & fittings
15% on Reducing Balance Basis
Computer equipment
15% on Reducing Balance Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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M T Mills (Civil Contractors) Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
45,000 
At 31 October 2023
45,000 
Amortisation
At 1 November 2022
45,000 
At 31 October 2023
45,000 
Net book value
At 31 October 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
361,856 
208,010 
4,632 
8,866 
583,364 
Additions
- 
- 
4,000 
- 
4,000 
Disposals
(16,750)
- 
- 
- 
(16,750)
At 31 October 2023
345,106 
208,010 
8,632 
8,866 
570,614 
Depreciation
At 1 November 2022
251,897 
181,243 
4,296 
6,300 
443,736 
Charge for the year
15,182 
6,692 
650 
385 
22,909 
On disposals
(8,006)
- 
- 
- 
(8,006)
At 31 October 2023
259,073 
187,935 
4,946 
6,685 
458,639 
Net book value
At 31 October 2023
86,033 
20,075 
3,686 
2,181 
111,975 
At 31 October 2022
109,959 
26,767 
336 
2,566 
139,628 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
15,139 
130,852 
Trade debtors
82,744 
341,273 
Amounts due from group undertakings etc.
45,733 
57,293 
Other debtors
- 
1,728 
143,616 
531,146 
Amounts falling due after more than one year
Other debtors
60,100 
60,100 
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M T Mills (Civil Contractors) Limited Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
160,378 
149,000 
Obligations under finance leases and hire purchase contracts
7,599 
20,068 
Trade creditors
46,122 
209,713 
Taxes and social security
608 
69,976 
Other creditors
95 
2,731 
Loans from directors
(12,362)
3,618 
Accruals
875 
825 
203,315 
455,931 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
301,614 
276,901 
Obligations under finance leases and hire purchase contracts
- 
18,395 
301,614 
295,296 
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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