REGISTERED NUMBER: 05886785 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Matthew J Millican Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Millican

SECRETARY:

H L Millican

REGISTERED OFFICE:

41 Woodthorpe Park Drive

Sandal

Wakefield

West Yorkshire

WF2 6SU

REGISTERED NUMBER:

05886785 (England and Wales)

ACCOUNTANTS:

SMH Reed Smith Ltd

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

S75 3SP

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

202,183

130,085

Investments

6

601,357

450,000

803,540

580,085

CURRENT ASSETS

Inventories

3,522

3,618

Debtors

7

142,748

202,220

Cash at bank and in hand

145,934

176,726

292,204

382,564

CREDITORS

Amounts falling due within one year

8

130,895

131,167

NET CURRENT ASSETS

161,309

251,397

TOTAL ASSETS LESS CURRENT LIABILITIES

964,849

831,482

CREDITORS

Amounts falling due after more than one year

9

(88,462

)

-

PROVISIONS FOR LIABILITIES

(20,596

)

(29,282

)

NET ASSETS

855,791

802,200

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

855,641

802,050

SHAREHOLDERS' FUNDS

855,791

802,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 10 September 2025 and were signed by:

M J Millican - Director

1.	STATUTORY INFORMATION

Matthew J Millican 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

90,000

AMORTISATION

At 1 May 2024

and 30 April 2025

90,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 May 2024

40,000

171,719

77,724

289,443

Additions

-

3,294

128,393

131,687

At 30 April 2025

40,000

175,013

206,117

421,130

DEPRECIATION

At 1 May 2024

40,000

102,742

16,616

159,358

Charge for year

-

17,732

41,857

59,589

At 30 April 2025

40,000

120,474

58,473

218,947

NET BOOK VALUE

At 30 April 2025

-

54,539

147,644

202,183

At 30 April 2024

-

68,977

61,108

130,085

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

Motor

vehicles

£

COST

Additions

108,893

At 30 April 2025

108,893

DEPRECIATION

Charge for year

24,955

At 30 April 2025

24,955

NET BOOK VALUE

At 30 April 2025

83,938

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

450,000

Additions

601,357

Disposals

(450,000

)

At 30 April 2025

601,357

NET BOOK VALUE

At 30 April 2025

601,357

At 30 April 2024

450,000

The market value of listed investments at the year end was £604,548 (2024: £449,820).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,570

22,921

Other debtors

138,178

179,299

142,748

202,220

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,698

-

Trade creditors

28,680

34,255

Taxation and social security

75,389

89,774

Other creditors

17,128

7,138

130,895

131,167

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

88,462

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

98,160

-

11.	ULTIMATE CONTROLLING PARTY