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Registration number: 08722774

Roxburgh Milkins Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

Pages for filing with Registrar

 

Roxburgh Milkins Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

Roxburgh Milkins Limited

Company Information

Directors

I Grimley

J Milkins

C van der Lande

R Hopkins

Registered office

Merchants House North
Wapping Road
Bristol
BS1 4RW

Registered number

08722774

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Roxburgh Milkins Limited

(Registration number: 08722774)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,504

22,118

Current assets

 

Debtors

5

1,243,678

940,907

Cash at bank and in hand

 

1,575,435

1,382,033

 

2,819,113

2,322,940

Creditors: Amounts falling due within one year

6

(561,045)

(477,717)

Net current assets

 

2,258,068

1,845,223

Net assets

 

2,269,572

1,867,341

Capital and reserves

 

Called up share capital

409

409

Capital redemption reserve

109

109

Profit and loss account

2,269,054

1,866,823

Total equity

 

2,269,572

1,867,341

 

Roxburgh Milkins Limited

(Registration number: 08722774)
Balance Sheet as at 31 March 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 




 

C van der Lande

Director




 

R Hopkins

Director

 

Roxburgh Milkins Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Capital redemption reserve
£

Profit and loss account
£

Total
£

At 1 April 2023

409

109

1,866,823

1,867,341

Profit for the year

-

-

1,080,277

1,080,277

Dividends

-

-

(678,046)

(678,046)

At 31 March 2024

409

109

2,269,054

2,269,572

Share capital
£

Capital redemption reserve
£

Profit and loss account
£

Total
£

At 1 April 2022

409

109

1,536,481

1,536,999

Profit for the year

-

-

988,074

988,074

Dividends

-

-

(657,732)

(657,732)

At 31 March 2023

409

109

1,866,823

1,867,341

 

Roxburgh Milkins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Merchants House North
Wapping Road
Bristol
BS1 4RW
United Kingdom

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements were prepared in compliance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company's financial statements have been prepared on a going concern basis based on current and forecast work and projections and consider this more than adequate to meet the company's needs. The directors have considered a period of twelve months from the date of approval of the financial statements and consider the company able to meet liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

 

Roxburgh Milkins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Furniture, fittings and equipment

25% - 33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Roxburgh Milkins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

4

Tangible fixed assets

Furniture, fittings and equipment
 £

Cost

At 1 April 2023

97,424

Additions

2,890

At 31 March 2024

100,314

Depreciation

At 1 April 2023

75,306

Charge for the year

13,504

At 31 March 2024

88,810

Carrying amount

At 31 March 2024

11,504

At 31 March 2023

22,118

 

Roxburgh Milkins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

430,603

296,204

Other debtors

470,175

447,819

Directors' loan accounts

342,900

196,884

1,243,678

940,907

6

Creditors

2024
£

2023
£

Trade creditors

11,758

35,361

Corporation tax

374,140

235,563

Taxation and social security

138,829

113,610

Other creditors

19,928

10,587

Accruals

16,390

82,596

561,045

477,717

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

409

409

409

409

         
 

Roxburgh Milkins Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

334,558

238,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £48,959 (2023 - £32,650).

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors' current accounts

196,884

342,900

(196,884)

342,900

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Directors' current accounts

193,226

720,454

(716,796)

196,884