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REGISTERED NUMBER: 09361305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MILL GARDENS LTD

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILL GARDENS LTD

COMPANY INFORMATION
for the Year Ended 31st December 2024







DIRECTORS: T E Bigge
D M Chalmers





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 09361305 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

BALANCE SHEET
31st December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,484 218,302

CURRENT ASSETS
Debtors 5 33,125 45,738
Cash at bank and in hand 18,133 11,563
51,258 57,301
CREDITORS
Amounts falling due within one year 6 77,226 89,163
NET CURRENT LIABILITIES (25,968 ) (31,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,516

186,440

CREDITORS
Amounts falling due after more than one year 7 (94,366 ) (128,320 )

PROVISIONS FOR LIABILITIES 9 (34,292 ) (30,979 )
NET ASSETS 25,858 27,141

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 25,848 27,131
SHAREHOLDERS' FUNDS 25,858 27,141

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

BALANCE SHEET - continued
31st December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th March 2025 and were signed on its behalf by:




T E Bigge - Director



D M Chalmers - Director


MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Mill Gardens Ltd 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.

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 - 12.5% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2023 - 6 ) .

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 136,719 151,490 1,756 289,965
Additions 5,032 48,388 - 53,420
Disposals (20,646 ) (60,046 ) - (80,692 )
At 31st December 2024 121,105 139,832 1,756 262,693
DEPRECIATION
At 1st January 2024 22,597 48,200 866 71,663
Charge for year 13,074 21,154 579 34,807
Eliminated on disposal (6,084 ) (18,177 ) - (24,261 )
At 31st December 2024 29,587 51,177 1,445 82,209
NET BOOK VALUE
At 31st December 2024 91,518 88,655 311 180,484
At 31st December 2023 114,122 103,290 890 218,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 33,125 45,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 5,200 5,200
Hire purchase contracts 39,671 42,666
Trade creditors 2,234 582
Tax 4,395 -
Social security and other taxes 635 575
VAT 13,515 17,454
Other creditors 9,013 19,565
Directors' current accounts 2,448 2,915
Accrued expenses 115 206
77,226 89,163

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans - 1-2 years 5,500 5,500
Bank loans - 2-5 years 17,000 17,000
Bank loans more than 5 years
repayable by instalments 587 5,809
Hire purchase contracts 71,279 100,011
94,366 128,320

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
repayable by instalments 587 5,809
587 5,809

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Hire purchase contracts 110,950 142,677

The hire purchases balances are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax 34,292 30,979

Deferred
tax
£   
Balance at 1st January 2024 30,979
Provided during year 3,313
Balance at 31st December 2024 34,292

MILL GARDENS LTD (REGISTERED NUMBER: 09361305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
10 Ordinary £1 10 10