REGISTERED NUMBER: 08636614 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Millbuck Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

14,495

7,932

Tangible assets

5

136,071

84,822

150,566

92,754

CURRENT ASSETS

Stocks

408,906

315,585

Debtors

6

464,196

539,540

Cash at bank

633,403

763,885

1,506,505

1,619,010

CREDITORS

Amounts falling due within one year

7

(354,214

)

(283,514

)

NET CURRENT ASSETS

1,152,291

1,335,496

TOTAL ASSETS LESS CURRENT LIABILITIES

1,302,857

1,428,250

PROVISIONS FOR LIABILITIES

(16,774

)

(12,854

)

NET ASSETS

1,286,083

1,415,396

CAPITAL AND RESERVES

Called up share capital

160

160

Retained earnings

1,285,923

1,415,236

1,286,083

1,415,396

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.

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 28 May 2025 and were signed on its behalf by:

Mr D P Wells - Director

1.	STATUTORY INFORMATION

Millbuck Limited is a private company, limited by shares, domiciled in England, registration number 08636614. The registered office is Unit 3 Millbuck Way, Springvale Industrial Estate, Sandbach, Cheshire, England, CW11 3HT.

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 goods in respect of fencing products and accessories and management services, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 33% on reducing balance and 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

33,154

Additions

14,682

At 31 December 2024

47,836

AMORTISATION

At 1 January 2024

25,222

Charge for year

8,119

At 31 December 2024

33,341

NET BOOK VALUE

At 31 December 2024

14,495

At 31 December 2023

7,932

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

111,405

Additions

83,979

Disposals

(4,016

)

At 31 December 2024

191,368

DEPRECIATION

At 1 January 2024

26,583

Charge for year

30,471

Eliminated on disposal

(1,757

)

At 31 December 2024

55,297

NET BOOK VALUE

At 31 December 2024

136,071

At 31 December 2023

84,822

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

173,045

92,941

Amounts owed by related parties

-

127,500

Other debtors

291,151

319,099

464,196

539,540

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

100,505

120,380

Taxation and social security

202,640

149,851

Other creditors

51,069

13,283

354,214

283,514

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr G L Wells

Balance outstanding at start of year

185,723

-

Amounts advanced

11,734

185,723

Amounts repaid

(18,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

179,457

185,723

Mr B I Wells

Balance outstanding at start of year

48

-

Amounts advanced

21,887

48

Amounts repaid

(21,935

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

48

Mr V Hutchins

Balance outstanding at start of year

-

-

Amounts advanced

9,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,000

-

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed £nil (2023 - £127,500) by companies owned by family members.