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REGISTERED NUMBER: 04290200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Millbrook Precision Engineering Limited

Millbrook Precision Engineering Limited (Registered number: 04290200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millbrook Precision Engineering Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N R Sterland
Mrs A M Sterland





REGISTERED OFFICE: Millbrook House
31 Rye Hill Avenue Brookside
Chesterfield
Derbyshire
S40 3PD





REGISTERED NUMBER: 04290200 (England and Wales)





ACCOUNTANTS: Hadfields Chartered Certified Accountants
Commerce House
658B Chatsworth Road
Chesterfield
Derbyshire
S40 3JZ

Millbrook Precision Engineering Limited (Registered number: 04290200)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,164,403 950,007

CURRENT ASSETS
Stocks 69,872 28,764
Debtors 5 344,589 327,004
Cash in hand 100 300
414,561 356,068
CREDITORS
Amounts falling due within one year 6 352,550 383,062
NET CURRENT ASSETS/(LIABILITIES) 62,011 (26,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,226,414

923,013

CREDITORS
Amounts falling due after more than one year 7 (408,598 ) (148,993 )

PROVISIONS FOR LIABILITIES (253,708 ) (237,000 )
NET ASSETS 564,108 537,020

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 563,108 536,020
564,108 537,020

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.

Millbrook Precision Engineering Limited (Registered number: 04290200)

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.

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 29 May 2025 and were signed on its behalf by:





N R Sterland - Director


Millbrook Precision Engineering Limited (Registered number: 04290200)

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

1. STATUTORY INFORMATION

Millbrook Precision Engineering 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.

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 etc - 25% on reducing balance, 20% on reducing balance, 10% on reducing balance and 5% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Millbrook Precision Engineering Limited (Registered number: 04290200)

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

2. ACCOUNTING POLICIES - continued

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 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,768,278
Additions 348,815
Disposals (79,099 )
At 31 December 2024 2,037,994
DEPRECIATION
At 1 January 2024 818,271
Charge for year 95,759
Eliminated on disposal (40,439 )
At 31 December 2024 873,591
NET BOOK VALUE
At 31 December 2024 1,164,403
At 31 December 2023 950,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 323,498 301,662
Other debtors 21,091 25,342
344,589 327,004

Millbrook Precision Engineering Limited (Registered number: 04290200)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 89,126 156,167
Hire purchase contracts (see note 8) 71,929 44,247
Trade creditors 80,397 28,778
Amounts owed to associates 1,060 1,060
Taxation and social security 99,978 132,278
Other creditors 10,060 20,532
352,550 383,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 217,497 45,854
Other creditors 191,101 103,139
408,598 148,993

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 71,929 44,247
Between one and five years 217,497 45,854
289,426 90,101

Non-cancellable operating leases
2024 2023
£    £   
Within one year 52,500 52,500
Between one and five years 210,000 210,000
In more than five years 144,375 196,875
406,875 459,375

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,400 (2023 - £77,500) were paid to the directors .