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Company Registration No. 04254622 (England and Wales)
M T Mills (Civil Contractors) Limited Unaudited accounts for the year ended 31 October 2024
M T Mills (Civil Contractors) Limited Unaudited accounts Contents
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M T Mills (Civil Contractors) Limited Company Information for the year ended 31 October 2024
Directors
Mr M Mills Mrs K Mills
Company Number
04254622 (England and Wales)
Registered Office
Unit 2 Cannon Road Heathfield Industrial Estate Newton Abbot Devon TQ12 6SG
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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M T Mills (Civil Contractors) Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,058 
111,975 
Current assets
Inventories
158,055 
236,200 
Debtors
396,865 
203,716 
Cash at bank and in hand
5,112 
- 
560,032 
439,916 
Creditors: amounts falling due within one year
(382,845)
(229,261)
Net current assets
177,187 
210,655 
Total assets less current liabilities
286,245 
322,630 
Creditors: amounts falling due after more than one year
(235,560)
(301,614)
Provisions for liabilities
Deferred tax
(18,036)
(18,394)
Net assets
32,649 
2,622 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
6,643 
6,643 
Profit and loss account
25,006 
(5,021)
Shareholders' funds
32,649 
2,622 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Mr M Mills Director Company Registration No. 04254622
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M T Mills (Civil Contractors) Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
M T Mills (Civil Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 04254622. The registered office is Unit 2 Cannon Road, Heathfield Industrial Estate, Newton Abbot, Devon, TQ12 6SG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on Reducing Balance Basis
Motor vehicles
25% on Reducing Balance Basis
Fixtures & fittings
15% on Reducing Balance Basis
Computer equipment
15% on Reducing Balance Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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M T Mills (Civil Contractors) Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
45,000 
At 31 October 2024
45,000 
Amortisation
At 1 November 2023
45,000 
At 31 October 2024
45,000 
Net book value
At 31 October 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
345,106 
208,010 
8,632 
8,866 
570,614 
Additions
18,457 
- 
- 
234 
18,691 
At 31 October 2024
363,563 
208,010 
8,632 
9,100 
589,305 
Depreciation
At 1 November 2023
259,073 
187,935 
4,946 
6,685 
458,639 
Charge for the year
15,674 
5,019 
553 
362 
21,608 
At 31 October 2024
274,747 
192,954 
5,499 
7,047 
480,247 
Net book value
At 31 October 2024
88,816 
15,056 
3,133 
2,053 
109,058 
At 31 October 2023
86,033 
20,075 
3,686 
2,181 
111,975 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
15,139 
Trade debtors
310,910 
35,557 
Amounts due from group undertakings etc.
- 
45,733 
Other debtors
25,855 
47,187 
336,765 
143,616 
Amounts falling due after more than one year
Other debtors
60,100 
60,100 
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M T Mills (Civil Contractors) Limited Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
234,514 
186,324 
VAT
15,366 
- 
Obligations under finance leases and hire purchase contracts
- 
7,599 
Trade creditors
87,212 
46,122 
Amounts owed to group undertakings and other participating interests
377 
- 
Taxes and social security
35,475 
608 
Other creditors
422 
95 
Loans from directors
(11,446)
(12,362)
Accruals
20,925 
875 
382,845 
229,261 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
235,560 
301,614 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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