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Registered number: 09450341
Millhouse Plant and Construction Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Digi Accounts and Tax Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09450341
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,644 127,166
98,644 127,166
CURRENT ASSETS
Stocks 5 1,077,596 754,825
Debtors 6 44,179 12,989
Cash at bank and in hand 943 1,456
1,122,718 769,270
Creditors: Amounts Falling Due Within One Year 7 (1,161,510 ) (858,772 )
NET CURRENT ASSETS (LIABILITIES) (38,792 ) (89,502 )
TOTAL ASSETS LESS CURRENT LIABILITIES 59,852 37,664
Creditors: Amounts Falling Due After More Than One Year 8 (39,896 ) (62,314 )
NET ASSETS/(LIABILITIES) 19,956 (24,650 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 19,856 (24,750 )
SHAREHOLDERS' FUNDS 19,956 (24,650)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sydney Brown
Director
20 June 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Millhouse Plant and Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09450341 . The registered office is Design House, Preston Road, Charnock Richard, Lancashire, PR7 5JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 years straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 220,690
Additions 82,380
Disposals (126,080 )
As at 31 March 2024 176,990
Depreciation
As at 1 April 2023 93,524
Provided during the period 32,300
Disposals (47,478 )
As at 31 March 2024 78,346
Net Book Value
As at 31 March 2024 98,644
As at 1 April 2023 127,166
5. Stocks
2024 2023
£ £
Stock 1,077,596 754,825
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,618 321
Other debtors 8,561 12,668
44,179 12,989
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,008 14,008
Trade creditors 13,385 8,845
Bank loans and overdrafts 10,090 10,211
Other creditors 1,124,027 825,708
1,161,510 858,772
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,498 39,339
Bank loans 13,398 22,975
39,896 62,314
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,008 14,008
Later than one year and not later than five years 26,498 -
40,506 14,008
Less: Finance charges allocated to future periods - (39,339 )
40,506 53,347
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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