Millhaze Builders Limited

(Registration number: 01748394)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,291	7,305
Current assets
Debtors	5	74,233	76,236
Creditors: Amounts falling due within one year	6	(61,274)	(61,476)
Net current assets		12,959	14,760
Total assets less current liabilities		24,250	22,065
Creditors: Amounts falling due after more than one year	6	(4,167)	(14,167)
Net assets		20,083	7,898
Capital and reserves
Called up share capital		300	300
Retained earnings		19,783	7,598
Shareholders' funds		20,083	7,898

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Millhaze Builders Limited

(Registration number: 01748394)
Balance Sheet as at 31 January 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2025
 

......................................... Mr P J Tully Director

Millhaze Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£). All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Millhaze Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	20% Reducing balance
Computer Equipment	33% Straight line
Motor Vehicles	25% Reducing balance

Millhaze Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 3).

Millhaze Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 February 2024	1,027	17,150	14,223	32,400
Additions	293	6,500	602	7,395
At 31 January 2025	1,320	23,650	14,825	39,795
Depreciation
At 1 February 2024	1,027	12,221	11,847	25,095
Charge for the year	-	2,857	552	3,409
At 31 January 2025	1,027	15,078	12,399	28,504
Carrying amount
At 31 January 2025	293	8,572	2,426	11,291
At 31 January 2024	-	4,929	2,376	7,305

5

Debtors

Current	2025 £	2024 £
Trade debtors	53,605	63,392
Prepayments	911	629
Other debtors	19,717	12,215
	74,233	76,236

Millhaze Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	22,672	24,871
Trade creditors		9,945	13,877
Taxation and social security		22,282	16,831
Accruals and deferred income		3,400	2,775
Other creditors		2,975	3,122
		61,274	61,476

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	4,167	14,167

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,167	14,167

Millhaze Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7	Loans and borrowings (continued)

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
Bank overdrafts	12,672	14,871
	22,672	24,871

8	Related party transactions

Transactions with the director

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Mr P J Tully
Director's loan account	(147)	57,151	(55,088)	1,916

2024	At 1 February 2023 £	Advances to director £	Repayments by director £	At 31 January 2024 £
Mr P J Tully
Director's loan account	16,019	52,296	(68,462)	(147)

The loan is repayable on demand and is provided interest free. No s455 tax has been provided as the loan has been repaid within 9 months of the year end.