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REGISTERED NUMBER: 10614775 (England and Wales)















MILNER LANDSCAPES AND CONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILNER LANDSCAPES AND CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M R Milner
C L Milner





REGISTERED OFFICE: Marston House
5, Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





REGISTERED NUMBER: 10614775 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 322,832 221,957

CURRENT ASSETS
Stocks 2,600 2,225
Debtors 5 637,861 606,625
Cash at bank 1,994,388 1,777,875
2,634,849 2,386,725
CREDITORS
Amounts falling due within one year 6 427,091 370,866
NET CURRENT ASSETS 2,207,758 2,015,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,530,590

2,237,816

CREDITORS
Amounts falling due after more than one
year

7

(13,860

)

(5,211

)

PROVISIONS FOR LIABILITIES (80,708 ) (42,172 )
NET ASSETS 2,436,022 2,190,433

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,435,922 2,190,333
SHAREHOLDERS' FUNDS 2,436,022 2,190,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




M R Milner - Director



C L Milner - Director


MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Milner Landscapes and Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 224,977 1,393 95,749 11,709 333,828
Additions 35,503 775 151,537 2,205 190,020
Disposals - - (26,100 ) - (26,100 )
At 29 February 2024 260,480 2,168 221,186 13,914 497,748
DEPRECIATION
At 1 March 2023 55,164 811 47,215 8,681 111,871
Charge for year 30,777 202 48,101 2,410 81,490
Eliminated on disposal - - (18,445 ) - (18,445 )
At 29 February 2024 85,941 1,013 76,871 11,091 174,916
NET BOOK VALUE
At 29 February 2024 174,539 1,155 144,315 2,823 322,832
At 28 February 2023 169,813 582 48,534 3,028 221,957

MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2023 43,198
Additions 21,000
At 29 February 2024 64,198
DEPRECIATION
At 1 March 2023 11,986
Charge for year 7,831
At 29 February 2024 19,817
NET BOOK VALUE
At 29 February 2024 44,381
At 28 February 2023 31,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 548,584 540,911
Other debtors 89,277 65,714
637,861 606,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 10,556 9,472
Trade creditors 224,040 183,012
Taxation and social security 186,473 169,010
Other creditors 6,022 9,372
427,091 370,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 13,860 5,211

MILNER LANDSCAPES AND CONSTRUCTION LTD (REGISTERED NUMBER: 10614775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,556 9,472
Between one and five years 13,860 5,211
24,416 14,683

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 18,723

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,416 14,683