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REGISTERED NUMBER: NI645947 (Northern Ireland)











Mill Logistics Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Mill Logistics Ltd (Registered number: NI645947)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Mill Logistics Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs L A Donnelly





REGISTERED OFFICE: 18 Old Mill Road
Scarva
Craigavon
Co. Armagh
BT63 6NL





REGISTERED NUMBER: NI645947 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Mill Logistics Ltd

Report of the Accountants to the Director of
Mill Logistics Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


26 February 2025

Mill Logistics Ltd (Registered number: NI645947)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 374,397 379,289

CURRENT ASSETS
Debtors 5 333,575 304,910
Cash at bank and in hand 66,358 56,958
399,933 361,868
CREDITORS
Amounts falling due within one year 6 468,250 395,754
NET CURRENT LIABILITIES (68,317 ) (33,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,080

345,403

CREDITORS
Amounts falling due after more than
one year

7

(150,055

)

(201,045

)

PROVISIONS FOR LIABILITIES (22,781 ) (11,290 )
NET ASSETS 133,244 133,068

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 133,243 133,067
SHAREHOLDERS' FUNDS 133,244 133,068

Mill Logistics Ltd (Registered number: NI645947)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 26 February 2025 and were signed by:





Mrs L A Donnelly - Director


Mill Logistics Ltd (Registered number: NI645947)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Mill Logistics Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

Mill Logistics Ltd (Registered number: NI645947)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 437,370 51,634 1,653 490,657
Additions 39,500 - - 39,500
At 31 May 2024 476,870 51,634 1,653 530,157
DEPRECIATION
At 1 June 2023 83,205 27,397 766 111,368
Charge for year 39,367 4,848 177 44,392
At 31 May 2024 122,572 32,245 943 155,760
NET BOOK VALUE
At 31 May 2024 354,298 19,389 710 374,397
At 31 May 2023 354,165 24,237 887 379,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 333,575 304,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,452 5,472
Hire purchase contracts 59,246 50,114
Trade creditors 288,367 232,258
Taxation and social security 51,861 28,862
Other creditors 62,324 79,048
468,250 395,754

Mill Logistics Ltd (Registered number: NI645947)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 150,055 201,045