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Registered number: 3305574
MCMILLAN ROSE & CO LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
MCMILLAN ROSE & CO LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
DIRECTORS
M A Rose
Mrs L J Rose
REGISTERED OFFICE
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 3305574
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
MCMILLAN ROSE & CO LIMITED
ACCOUNTS
FOR THEYEARENDED30 APRIL 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
MCMILLAN ROSE & CO LIMITED
BALANCE SHEET AT 30 April 2024
20242023
Notes££
FIXED ASSETS
Intangible assets33,0003,000
Tangible assets458,75362,329
Investment Assets5100100
61,85365,429
CURRENT ASSETS
Stock23,45047,833
Debtors745,31655,497
Cash at bank and in hand215,25190,888
284,017194,218
CREDITORS: Amounts falling due within one year845,17147,383
NET CURRENT ASSETS238,846146,835
TOTAL ASSETS LESS CURRENT LIABILITIES300,699212,264
CAPITAL AND RESERVES
Called up share capital9150150
Profit and loss account300,549212,114
SHAREHOLDERS' FUNDS300,699212,264
For the year ending 30 April 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18 November 2024 and signed on their behalf by
.............................
M A Rose
Director
MCMILLAN ROSE & CO LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Propertiesstraight line 5%
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1g. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20242023
No.No.
Average number of employees44
MCMILLAN ROSE & CO LIMITED
3. INTANGIBLE FIXED ASSETS
DevelopmentPurchased
CostsGoodwillTotal
£££
Cost
At 1 May 20233,0002,3355,335
At 30 April 20243,0002,3355,335
Depreciation
At 1 May 2023-2,3352,335
At 30 April 2024-2,3352,335
Net Book Amounts
At 30 April 20243,000-3,000
At 30 April 20233,000-3,000
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 May 202357,56988,039145,608
Additions-4,1874,187
Disposals-(6,123)(6,123)
At 30 April 202457,56986,103143,672
Depreciation
At 1 May 20239,06274,21783,279
Disposals-(5,613)(5,613)
For the year2,8784,3757,253
At 30 April 202411,94072,97984,919
Net Book Amounts
At 30 April 202445,62913,12458,753
At 30 April 202348,50713,82262,329
5. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 1 May 2023100100
At 30 April 2024100100
Amortisation
Net Book Amounts
At 30 April 2024100100
At 30 April 2023100100
MCMILLAN ROSE & CO LIMITED
6. STOCK 20242023
££
Stock comprises:
Work in progress22,91147,164
Stock of finished goods539669
23,45047,833
7. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors39,81943,664
Other debtors5,49711,833
45,31655,497
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors5,5225,110
Taxation and social security38,86136,057
Other creditors7886,216
45,17147,383
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
50 Ordinary B shares of £1 each5050
150150