REGISTERED NUMBER: 06054743 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MILWYN JENKINS & JENKINS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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

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

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.

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

-

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

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

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

14.	ULTIMATE CONTROLLING PARTY