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REGISTERED NUMBER: 05463132 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MILLBRAY CONTRACTS LIMITED

MILLBRAY CONTRACTS LIMITED (REGISTERED NUMBER: 05463132)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MILLBRAY CONTRACTS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mrs K Gee
Mr F E Gee





SECRETARY: Mrs K Gee





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 05463132 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

MILLBRAY CONTRACTS LIMITED (REGISTERED NUMBER: 05463132)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 113,657 137,210
113,657 137,210

CURRENT ASSETS
Debtors 1,908,684 1,637,878
Cash at bank 20,614 136,911
1,929,298 1,774,789
CREDITORS
Amounts falling due within one year 1,399,140 1,336,885
NET CURRENT ASSETS 530,158 437,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,815

575,114

CREDITORS
Amounts falling due after more than one
year

24,974

44,254
NET ASSETS 618,841 530,860

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 618,741 530,760
SHAREHOLDERS' FUNDS 618,841 530,860

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

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

MILLBRAY CONTRACTS LIMITED (REGISTERED NUMBER: 05463132)

ABRIDGED BALANCE SHEET - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 April 2025 and were signed on its behalf by:





Mr F E Gee - Director


MILLBRAY CONTRACTS LIMITED (REGISTERED NUMBER: 05463132)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Millbray Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

MILLBRAY CONTRACTS LIMITED (REGISTERED NUMBER: 05463132)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 750,000
Reclassification/transfer (750,000 )
At 31 December 2024 -
AMORTISATION
At 1 January 2024 750,000
Reclassification/transfer (750,000 )
At 31 December 2024 -
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 839,897
Additions 14,490
At 31 December 2024 854,387
DEPRECIATION
At 1 January 2024 702,687
Charge for year 38,043
At 31 December 2024 740,730
NET BOOK VALUE
At 31 December 2024 113,657
At 31 December 2023 137,210

MILLBRAY CONTRACTS LIMITED (REGISTERED NUMBER: 05463132)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2024
and 31 December 2024 247,566
DEPRECIATION
At 1 January 2024 178,401
Charge for year 17,291
At 31 December 2024 195,692
NET BOOK VALUE
At 31 December 2024 51,874
At 31 December 2023 69,165

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 44,254 69,045

Hire purchase contracts are secured over the assets to which they relate.

Bank overdraft is secured by the personal guarantee of the directors.

7. RELATED PARTY DISCLOSURES

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 wholly owned subsidiaries within the group.

At the balance sheet date, the company owed £23 (2023: £492) to Mrs K Gee, a director.