| REGISTERED NUMBER: |
| Contract Services (Millenium) Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| Contract Services (Millenium) Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| Contract Services (Millenium) Limited (Registered number: 05211504) |
| Contents of the Financial Statements |
| for the year ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Contract Services (Millenium) Limited |
| Company Information |
| for the year ended 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Contract Services (Millenium) Limited (Registered number: 05211504) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Contract Services (Millenium) Limited (Registered number: 05211504) |
| Notes to the Financial Statements |
| for the year ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Contract Services (Millenium) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The amounts in the financial statements have been rounded to the nearest £1. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going Concern |
| The financial statements are prepared on a going concern basis which the directors believe to be appropriate for the following reasons. |
| The parent company has committed to provide financial support to this company for the foreseeable future, should this be required. The directors do not prepare formal forecasts, but instead rely on their market knowledge and experience to monitor future cashflow requirements. The Group is in the process of realising various development assets, which will supplement their operating cashflows and enable them to reduce their reliance on bank and hire purchase funding. |
| The forecasts also include additional funding as required to be provided by the shareholders in the event of delays in the completion of other projects. |
| Based on the above indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. |
| The financial statements do not include any adjustments that would result from this basis of preparation being inappropriate. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. |
| Contract Services (Millenium) Limited (Registered number: 05211504) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| Due from related parties | 5,860,740 | 3,882,534 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Due to related parties | 5,233,198 | 2,857,468 |
| Contract Services (Millenium) Limited (Registered number: 05211504) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 6. | SECURED DEBTS |
| There is a cross guarantee and debenture between Contract Services (Millennium) Limited, Ruttle Group Limited, Groco HR Holdco Limited, Ruttle Plant Hire Limited, Birmingham Civils & Construction Limited, Ruttle Contracting Limited, Ruttle Plant (Midlands) Limited, Ruttle Plant (North East) Limited and Ruttle Heavy Haulage Limited dated 18 May 2021. |
| There is also a cross guarantee and debenture between Blackthorn Estates Limited, Contract Services (Millennium) Limited, Ruttle Plant Holdings Limited, Ruttle Construction Limited, Ruttle Plant (Birmingham) Limited, Ruttle Plant (Midlands) Limited, Ruttle Plant (North East) Limited, dated 11 March 2016. |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 4 | 4 |
| 8. | RELATED PARTY DISCLOSURES |
| The following companies are all related to Contract Services (Millenium) Limited by common control. |
| During the year sales of £303,724 (2023: £318,945) were made to/from Ruttle Plant (Holdings) Limited. At the year end the balance owed to Ruttle Plant (Holdings) Limited was £4,608,980 (2023: £2,504,987). |
| During the year sales of £4,871,366 (2023: £4,810,798) were made to Ruttle Plant Hire Limited. At the year end the balance owed by Ruttle Plant Hire Limited was £5,864,740 (2023: £3,882,534). |
| During the year sales of £226,136 (2023: £250,132) were made to Ruttle Contracting Limited. At the year end the balance owed to Ruttle Contracting Limited was £624,218 (2022: £352,481). |
| In the opinion of the directors the company is controlled by the directors who owned the majority of the share capital through the entire year and the prior year. |