MILLSTONE CIVILS LTD

Company Registration Number:
10855268 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

MILLSTONE CIVILS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

MILLSTONE CIVILS LTD

Balance sheet

As at 31 January 2024


Notes

2024

18 months to 31 January 2023


£

£
Fixed assets
Tangible assets: 3 347,318 229,292
Total fixed assets: 347,318 229,292
Current assets
Debtors: 4 59,359 82,164
Cash at bank and in hand: 22,457 38,805
Total current assets: 81,816 120,969
Creditors: amounts falling due within one year: 5 (150,413) (83,540)
Net current assets (liabilities): (68,597) 37,429
Total assets less current liabilities: 278,721 266,721
Creditors: amounts falling due after more than one year: 6 (238,213) (166,164)
Provision for liabilities: (24,250) (20,435)
Total net assets (liabilities): 16,258 80,122
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 16,158 80,022
Shareholders funds: 16,258 80,122

The notes form part of these financial statements

MILLSTONE CIVILS LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Mr M Squire
Status: Director

The notes form part of these financial statements

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when plant has been delivered to customers.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant & equipment 10% straight line Vehicles 20% reducing balance

Other accounting policies

1. Taxation. Corporation tax payable is provided on taxable profits at the current rate. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 2. Short term debtors and creditors. Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss. 3. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. 4. Leased Assets. Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 18 months to 31 January 2023
Average number of employees during the period 2 2

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 271,322
Additions 167,789
At 31 January 2024 439,111
Depreciation
At 01 February 2023 42,030
Charge for year 49,763
At 31 January 2024 91,793
Net book value
At 31 January 2024 347,318
At 31 January 2023 229,292

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 18 months to 31 January 2023
££
Debtors due after more than one year: 0 0

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £9,000. Finance leases and hire purchase £60,258. Trade creditors £62,562. Other taxes and social security £6,389. Directors' loan accounts £10,708. Accruals £1,496.

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

Bank loans due between 1 and 2 years £9,500. Finance leases due between 1 and 2 years £60,258. Bank loans due between 2 and 5 years £6,325. Finance leases due between 2 and 5 years £162,130.

MILLSTONE CIVILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Loans to directors

Name of director receiving advance or credit: Mr M Squire
Description of the loan: Monies loaned to director
£
Balance at 01 February 2023 20,887
Advances or credits repaid: 20,887
Balance at 31 January 2024 0
Name of director receiving advance or credit: Ms E Bennett
Description of the loan: Monies loaned to director
£
Balance at 01 February 2023 13,422
Advances or credits made: 27,246
Advances or credits repaid: 13,422
Balance at 31 January 2024 27,246