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REGISTERED NUMBER: 06054743 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MILWYN JENKINS & JENKINS LIMITED

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MILWYN JENKINS & JENKINS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | C W Ransford

| A Foulkes

| K Goodman

| REGISTERED OFFICE: | Mid Wales House

| Great Oak Street

| Llanidloes

| Powys

| SY18 6BN

| REGISTERED NUMBER: | 06054743 (England and Wales)

| ACCOUNTANTS: | Malthouse & Company Chartered Accountants

| America House, Rumford Court

| Rumford Place

| Liverpool

| Merseyside

| L3 9DD

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 231,940 |  | 233,760 |  |

231,940 |  | 233,760 |  |

CURRENT ASSETS

Stocks | 31,313 |  | 33,193 |  |

Debtors | 6 | 293,645 |  | 262,849 |  |

Cash at bank and in hand | 104,649 |  | 16,360 |  |

429,607 |  | 312,402 |  |

CREDITORS

Amounts falling due within one year | 7 | 225,067 |  | 188,363 |  |

NET CURRENT ASSETS | 204,540 |  | 124,039 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 436,480 |  | 357,799 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (265,338 | ) | (259,985 | ) |

PROVISIONS FOR LIABILITIES | (1,585 | ) | (840 | ) |

NET ASSETS | 169,557 |  | 96,974 |  |

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

BALANCE SHEET - continued

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Retained earnings | 11 | 169,555 |  | 96,972 |  |

SHAREHOLDERS' FUNDS | 169,557 |  | 96,974 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 22 September 2025 and were signed on its behalf by:

A Foulkes - Director

K Goodman - Director

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Milwyn Jenkins & Jenkins 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 represents net invoiced sales of services, excluding value added tax.

| GOODWILL

| Goodwill, being the amount paid in connection with the incorporation of the business in 2007, is being amortised evenly over its estimated useful life of ten years.

| TANGIBLE FIXED ASSETS

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

| Freehold property | - | 2% on cost

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 25% on cost

| Tangible fixed assets are initially recognised at cost.

| STOCK

| Stock is work in progress and is valued at the lower of cost and net realisable value.

| 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.

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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 23 (2024 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 85,000 |  |

| AMORTISATION

| At 1 March 2024

| and 28 February 2025 | 85,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | - |  |

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 March 2024 | 240,000 |  | 13,965 |  | 35,204 |  | 289,169 |  |

| Additions | - |  | - |  | 6,389 |  | 6,389 |  |

| At 28 February 2025 | 240,000 |  | 13,965 |  | 41,593 |  | 295,558 |  |

| DEPRECIATION

| At 1 March 2024 | 9,600 |  | 13,965 |  | 31,844 |  | 55,409 |  |

| Charge for year | 4,800 |  | - |  | 3,409 |  | 8,209 |  |

| At 28 February 2025 | 14,400 |  | 13,965 |  | 35,253 |  | 63,618 |  |

| NET BOOK VALUE

| At 28 February 2025 | 225,600 |  | - |  | 6,340 |  | 231,940 |  |

| At 29 February 2024 | 230,400 |  | - |  | 3,360 |  | 233,760 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 197,457 |  | 152,657 |  |

| Directors' loan accounts | 88,090 |  | 102,237 |  |

| Prepayments | 8,098 |  | 7,955 |  |

293,645 |  | 262,849 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and overdrafts | 66,735 |  | 84,295 |  |

| Tax | 75,786 |  | 46,944 |  |

| Social security and other taxes | 75,185 |  | 53,044 |  |

| Other creditors | 1,992 |  | 76 |  |

| Accrued expenses | 5,369 |  | 4,004 |  |

225,067 |  | 188,363 |  |

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans - 1-2 years | 27,247 |  | 44,280 |  |

| Bank loans - 2-5 years | 35,390 |  | 99,903 |  |

| Bank loans more than 5 years | 202,701 |  | 115,802 |  |

265,338 |  | 259,985 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years | 202,701 |  | 115,802 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank overdrafts | 28,655 |  | 21,682 |  |

| Bank loans | 303,418 |  | 322,598 |  |

332,073 |  | 344,280 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 29.2.24

| value: | £ | £ |

| 210 | Ordinary | £0.01 | 2 |  | 2 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 March 2024 | 96,972 |  |

| Profit for the year | 218,183 |  |

| Dividends | (145,600 | ) |

| At 28 February 2025 | 169,555 |  |

MILWYN JENKINS & JENKINS LIMITED (REGISTERED NUMBER: 06054743) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

| 28.2.25 |  | 29.2.24

£ | £ |

| C W Ransford

| Balance outstanding at start of year | 57,669 |  | (32,978 | ) |

| Amounts advanced | 46,184 |  | 133,267 |  |

| Amounts repaid | (55,412 | ) | (42,620 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 48,441 |  | 57,669 |  |

| A Foulkes

| Balance outstanding at start of year | 41,965 |  | 43,967 |  |

| Amounts advanced | 51,734 |  | 42,218 |  |

| Amounts repaid | (54,515 | ) | (44,220 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 39,184 |  | 41,965 |  |

| K Goodman

| Balance outstanding at start of year | 2,603 |  | (9,916 | ) |

| Amounts advanced | 40,825 |  | 37,899 |  |

| Amounts repaid | (42,964 | ) | (25,380 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 464 |  | 2,603 |  |

| Interest is charged on overdrawn directors' loan accounts at the rate of 2.25% per annum.

13. | RELATED PARTY DISCLOSURES

| During the year, dividends totalling £145,600 (2024: £106,600) were paid to the directors.

14. | ULTIMATE CONTROLLING PARTY

| The company was considered to be under the control of the directors for the period under review.