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REGISTERED NUMBER: 01440521 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Uni-Mill Engineering Limited

Uni-Mill Engineering Limited (Registered number: 01440521)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Uni-Mill Engineering Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A D Rayner
P R Hill
Mrs N J Ogle





REGISTERED OFFICE: Rivermead Drive
Rivermead Industrial Estate
Westlea
Swindon
SN5 7EX





REGISTERED NUMBER: 01440521 (England and Wales)

Uni-Mill Engineering Limited (Registered number: 01440521)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,732,390 2,228,612

CURRENT ASSETS
Stocks 5 186,258 193,197
Debtors 6 1,563,425 1,573,067
Cash at bank and in hand 825,515 758,281
2,575,198 2,524,545
CREDITORS
Amounts falling due within one year 7 1,039,729 926,116
NET CURRENT ASSETS 1,535,469 1,598,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,267,859

3,827,041

PROVISIONS FOR LIABILITIES 353,333 467,631
NET ASSETS 2,914,526 3,359,410

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,913,526 3,358,410
SHAREHOLDERS' FUNDS 2,914,526 3,359,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 5 February 2025 and were signed on its behalf by:




A D Rayner - Director



P R Hill - Director


Uni-Mill Engineering Limited (Registered number: 01440521)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Uni-Mill Engineering Limited 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.

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.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes.

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.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values

Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Improvements to property - 10% on cost
Plant and machinery and tools - 10% on cost
Fixtures and fittings - 25% on cost and 10% on cost
Motor vehicles - 25% on cost

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Subsequent additions and major components

Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the company and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset when they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Repairs and maintenance costs are expensed as incurred.

Assets in the course of construction

Assets in the course of construction are stated at cost. These assets are not depreciated until they are available for use.

Derecognition

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Uni-Mill Engineering Limited (Registered number: 01440521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 31 ) .

Uni-Mill Engineering Limited (Registered number: 01440521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 831,196 5,447,292 287,719 10,909 6,577,116
Additions - 3,172 4,627 - 7,799
Disposals - (110,150 ) - - (110,150 )
At 30 September 2024 831,196 5,340,314 292,346 10,909 6,474,765
DEPRECIATION
At 1 October 2023 538,980 3,571,183 227,432 10,909 4,348,504
Charge for year 32,487 415,115 36,325 - 483,927
Eliminated on disposal - (90,056 ) - - (90,056 )
At 30 September 2024 571,467 3,896,242 263,757 10,909 4,742,375
NET BOOK VALUE
At 30 September 2024 259,729 1,444,072 28,589 - 1,732,390
At 30 September 2023 292,216 1,876,109 60,287 - 2,228,612

5. STOCKS
2024 2023
£    £   
Stocks 186,258 193,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,467,770 1,384,193
Other debtors 7,649 5,138
VAT - 62,173
Prepayments and accrued income 88,006 121,563
1,563,425 1,573,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 197
Trade creditors 180,496 444,889
Amounts owed to group undertakings 114,965 16,123
Tax 559,294 290,188
Social security and other taxes 55,943 55,631
VAT 64,336 -
Other creditors 18,412 16,018
Directors' current accounts 1,887 1,887
Accruals and deferred income 44,396 101,183
1,039,729 926,116

Included within other creditors is £7,629 (2023 - £8,336) for pension contributions outstanding at the balance sheet date.

Uni-Mill Engineering Limited (Registered number: 01440521)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 136,296 135,907
Between one and five years 762,096 652,108
898,392 788,015

The contract for the premises lease has no termination date, for purposes of disclosure a lease term of 5 years is recognised on a rolling basis.

9. RELATED PARTY DISCLOSURES

Sub contract charged in the accounts includes £915,370 (2023 - £1,027,045) payable to a company in which all the directors hold directorship and a controlling interest. Creditors include an amount of £25,941 (2023 - £45,011) in respect of these services.

Agency staff charged in the accounts includes £1,892,436 (2023 - £1,954,129) payable to a company in which all the directors hold directorship and a controlling interest. Creditors include an amount of £nil (2023 - £261,623) in respect of these services.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the group's parent company.

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Uni-Build (Wiltshire) Limited.