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
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
M T Mills (Civil Contractors) Limited
Statement of financial position
as at 31 October 2023
Tangible assets
111,975
139,628
Inventories
236,200
210,788
Cash at bank and in hand
(25,946)
(98,117)
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)
Called up share capital
1,000
1,000
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
M T Mills (Civil Contractors) Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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.
M T Mills (Civil Contractors) Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
82,744
341,273
Amounts due from group undertakings etc.
45,733
57,293
Amounts falling due after more than one year
Other debtors
60,100
60,100
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
Loans from directors
(12,362)
3,618
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
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).