Registered number
00692968
Admill Investments Limited
Filleted Accounts
30 April 2024
Admill Investments Limited
Registered number: 00692968
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,066,438 1,117,059
Investments 4 100 100
1,066,538 1,117,159
Current assets
Stocks 296,955 276,320
Debtors 5 30,070 29,397
Cash at bank and in hand 437,083 611,714
764,108 917,431
Creditors: amounts falling due within one year 6 (228,570) (221,835)
Net current assets 535,538 695,596
Total assets less current liabilities 1,602,076 1,812,755
Creditors: amounts falling due after more than one year 7 (10,843) (20,819)
Provisions for liabilities (32,538) (32,538)
Net assets 1,558,695 1,759,398
Capital and reserves
Called up share capital 92 92
Profit and loss account 1,558,603 1,759,306
Shareholders' funds 1,558,695 1,759,398
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Sharma
Director
Approved by the board on 5 March 2025
Admill Investments Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 42 42
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 2,531,063 324,883 5,145 2,861,091
At 30 April 2024 2,531,063 324,883 5,145 2,861,091
Depreciation
At 1 May 2023 1,414,004 324,883 5,145 1,744,032
Charge for the year 50,621 - - 50,621
At 30 April 2024 1,464,625 324,883 5,145 1,794,653
Net book value
At 30 April 2024 1,066,438 - - 1,066,438
At 30 April 2023 1,117,059 - - 1,117,059
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 100
At 30 April 2024 100
5 Debtors 2024 2023
£ £
Trade debtors 26,282 25,609
Other debtors 3,788 3,788
30,070 29,397
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,609 12,077
Trade creditors 118,377 98,239
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,785 1,785
Taxation and social security costs 38,373 52,308
Other creditors 57,426 57,426
228,570 221,835
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,843 20,819
8 Other information
Admill Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Howfield Manor
Howfield Lane
Chartham, Canterbury
Kent
CT4 7HQ
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