| R & R Mills Contractors Ltd |
| Registered number: |
06459144 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
- |
|
|
3,000 |
| Tangible assets |
4 |
|
|
5,050,303 |
|
|
4,347,967 |
| Investments |
5 |
|
|
634,585 |
|
|
634,585 |
|
|
|
|
5,684,888 |
|
|
4,985,552 |
|
| Current assets |
| Stocks |
|
|
296,605 |
|
|
259,165 |
| Debtors |
6 |
|
2,512,367 |
|
|
1,052,471 |
| Cash at bank and in hand |
|
|
11,817 |
|
|
247,106 |
|
|
|
2,820,789 |
|
|
1,558,742 |
|
| Creditors: amounts falling due within one year |
7 |
|
(2,666,782) |
|
|
(1,965,410) |
|
| Net current assets/(liabilities) |
|
|
|
154,007 |
|
|
(406,668) |
|
| Total assets less current liabilities |
|
|
|
5,838,895 |
|
|
4,578,884 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(616,250) |
|
|
(217,183) |
|
| Provisions for liabilities |
|
|
|
(958,954) |
|
|
(617,825) |
|
|
| Net assets |
|
|
|
4,263,691 |
|
|
3,743,876 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
4,263,591 |
|
|
3,743,776 |
|
| Shareholders' funds |
|
|
|
4,263,691 |
|
|
3,743,876 |
|
|
|
|
|
|
|
|
| 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 members have 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. |
|
|
| Mr R E M Mills |
| Director |
| Approved by the board on 6 October 2025 |
|
| R & R Mills Contractors Ltd |
| Notes to the Accounts |
| for the year ended 31 March 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. |
|
|
Going Concern |
|
The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements. |
|
|
Intangible fixed assets |
|
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years. |
|
|
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: |
|
|
Plant and machinery |
15-20% Reducing Balance |
|
Fixtures and fittings |
10% Straight Line |
|
Motor Vehicles |
25% Reducing Balance |
|
Shipping containers |
10% Straight Line |
|
Earth Moving Equipment |
20% Reducing Balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
|
|
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. |
|
|
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 |
38 |
|
34 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2024 |
|
2023 |
| £ |
£ |
|
|
Current year corporation tax charge |
184,571 |
|
261,786 |
|
Deferred Tax on timing differences |
341,129 |
|
7,765 |
|
|
|
|
|
|
|
525,700 |
|
269,551 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
15,000 |
|
At 31 March 2025 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
12,000 |
|
Provided during the year |
3,000 |
|
At 31 March 2025 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
At 31 March 2024 |
3,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Storage Containers |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
1,667,397 |
|
4,963,889 |
|
285,563 |
|
6,916,849 |
|
Additions |
295,910 |
|
1,801,354 |
|
83,408 |
|
2,180,672 |
|
Disposals |
- |
|
(661,574) |
|
- |
|
(661,574) |
|
At 31 March 2025 |
1,963,307 |
|
6,103,669 |
|
368,971 |
|
8,435,947 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
571,142 |
|
1,898,874 |
|
98,866 |
|
2,568,882 |
|
Charge for the year |
180,616 |
|
774,339 |
|
67,529 |
|
1,022,484 |
|
On disposals |
- |
|
(205,722) |
|
- |
|
(205,722) |
|
At 31 March 2025 |
751,758 |
|
2,467,491 |
|
166,395 |
|
3,385,644 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,211,549 |
|
3,636,178 |
|
202,576 |
|
5,050,303 |
|
At 31 March 2024 |
1,096,255 |
|
3,065,015 |
|
186,697 |
|
4,347,967 |
|
|
| 5 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
634,585 |
|
|
At 31 March 2025 |
634,585 |
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,398,514 |
|
925,506 |
|
Other debtors |
1,113,853 |
|
126,965 |
|
|
|
|
|
|
2,512,367 |
|
1,052,471 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
114,805 |
|
9 |
|
Obligations under finance lease and hire purchase contracts |
612,658 |
|
401,534 |
|
Trade creditors |
469,581 |
|
1,137,498 |
|
Taxation and social security costs |
390,309 |
|
330,647 |
|
Other creditors |
1,079,429 |
|
95,722 |
|
|
|
|
|
|
2,666,782 |
|
1,965,410 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
616,250 |
|
217,183 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
R & R Mills Contractors Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hawthron Cottage |
|
Ketton Road |
|
Empingham |
|
Oakham |
|
LE15 8QD |