Little Mill Services Limited - Filleted accounts

Registered number

03691836

Little Mill Services Limited

Filleted Accounts

31 May 2025

Little Mill Services Limited
Registered number:		03691836
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		317,384			294,873

Current assets
Stocks		5,000			5,000
Debtors	4	540,064			648,467
Cash at bank and in hand		776,532			728,307
		1,321,596			1,381,774

Creditors: amounts falling due within one year	5	(942,310)			(1,104,006)

Net current assets			379,286			277,768

Total assets less current liabilities			696,670			572,641


Provisions for liabilities			(26,209)			(22,860)


Net assets			670,461			549,781

Capital and reserves
Called up share capital			300			300
Revaluation reserve	6		(99,300)			(99,300)
Profit and loss account			769,461			648,781

Shareholder's funds			670,461			549,781

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mark Jones
Director
Approved by the board on 22 September 2025

Little Mill Services Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			Nil
	Plant and machinery			25% reducing balance
	Motor Vehicles			25% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					31		29


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	203,431		76,894		182,727		463,052
	Additions	-		-		65,000		65,000
	Disposals	-		-		(6,000)		(6,000)
	At 31 May 2025	203,431		76,894		241,727		522,052

	Depreciation
	At 1 June 2024	-		67,982		100,197		168,179
	Charge for the year	-		2,228		35,761		37,989
	On disposals	-		-		(1,500)		(1,500)
	At 31 May 2025	-		70,210		134,458		204,668

	Net book value
	At 31 May 2025	203,431		6,684		107,269		317,384
	At 31 May 2024	203,431		8,912		82,530		294,873


4	Debtors					2025		2024
£							£

	Trade debtors					503,546		632,735
	Other debtors					36,518		15,732
						540,064		648,467


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,559		9,273
	Director's current account					624		312
	Trade creditors					850,075		939,737
	Taxation and social security costs					74,234		113,232
	Other creditors					11,818		41,452
						942,310		1,104,006


6	Revaluation reserve					2025		2024
£							£

	At 1 June 2024					(99,300)		(99,300)

	At 31 May 2025					(99,300)		(99,300)


7	Controlling party

	The Company is controlled by the director, Mark David Jones, who owns 100% of the issued share capital.


8	Other information

	Little Mill Services Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
	106a Springvale Industrial Estate
	Cwmbran
	Torfaen
	NP44 5BG