REGISTERED NUMBER: 10614775 (England and Wales)

MILNER LANDSCAPES AND CONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Milner

C L Milner

REGISTERED OFFICE:

Marston House

5, Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

REGISTERED NUMBER:

10614775 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

494,758

322,832

CURRENT ASSETS

Stocks

2,704

2,600

Debtors

5

1,152,886

637,861

Cash at bank

2,177,826

1,994,388

3,333,416

2,634,849

CREDITORS

Amounts falling due within one year

6

554,808

427,091

NET CURRENT ASSETS

2,778,608

2,207,758

TOTAL ASSETS LESS CURRENT LIABILITIES

3,273,366

2,530,590

CREDITORS

Amounts falling due after more than one year

7

(18,096

)

(13,860

)

PROVISIONS FOR LIABILITIES

(113,702

)

(80,708

)

NET ASSETS

3,141,568

2,436,022

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,141,468

2,435,922

SHAREHOLDERS' FUNDS

3,141,568

2,436,022

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 3 November 2025 and were signed on its behalf by:

M R Milner - Director

C L Milner - Director

1.	STATUTORY INFORMATION

Milner Landscapes and Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised over the contract term, based on the percentage of completion, which is determined by costs incurred to date as a proportion of total expected costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

260,480

2,168

221,186

13,914

497,748

Additions

49,044

218,256

26,450

4,384

298,134

Disposals

(25,998

)

-

-

-

(25,998

)

At 28 February 2025

283,526

220,424

247,636

18,298

769,884

DEPRECIATION

At 1 March 2024

85,941

1,013

76,871

11,091

174,916

Charge for year

31,115

32,907

42,685

3,533

110,240

Eliminated on disposal

(10,030

)

-

-

-

(10,030

)

At 28 February 2025

107,026

33,920

119,556

14,624

275,126

NET BOOK VALUE

At 28 February 2025

176,500

186,504

128,080

3,674

494,758

At 29 February 2024

174,539

1,155

144,315

2,823

322,832

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 March 2024

64,198

Disposals

(25,998

)

At 28 February 2025

38,200

DEPRECIATION

At 1 March 2024

19,817

Charge for year

4,261

Eliminated on disposal

(10,030

)

At 28 February 2025

14,048

NET BOOK VALUE

At 28 February 2025

24,152

At 29 February 2024

44,381

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

833,964

548,584

Other debtors

318,922

89,277

1,152,886

637,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Hire purchase contracts (see note 8)

12,812

10,556

Trade creditors

161,144

224,040

Taxation and social security

374,932

186,473

Other creditors

5,920

6,022

554,808

427,091

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Hire purchase contracts (see note 8)

18,096

13,860

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

28/2/25

29/2/24

£

£

Net obligations repayable:

Within one year

12,812

10,556

Between one and five years

18,096

13,860

30,908

24,416

9.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/25

29/2/24

£

£

Hire purchase contracts

30,908

24,416

10.	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

£

£

M R Milner

Balance outstanding at start of year

-

-

Amounts advanced

99,832

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,832

-

C L Milner

Balance outstanding at start of year

-

-

Amounts advanced

99,832

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,832

-