REGISTERED NUMBER: 14836048 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Milburn Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P E Milburn

REGISTERED OFFICE:

12 Wycliffe Close

Ponteland

Newcastle Upon Tyne

NE20 0FQ

REGISTERED NUMBER:

14836048 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

178,353

21,987

CURRENT ASSETS

Stocks

321,463

14,853

Debtors

5

102,986

368

Cash at bank

107,035

21,587

531,484

36,808

CREDITORS

Amounts falling due within one year

6

363,680

22,860

NET CURRENT ASSETS

167,804

13,948

TOTAL ASSETS LESS CURRENT LIABILITIES

346,157

35,935

CREDITORS

Amounts falling due after more than one year

7

192,050

22,526

NET ASSETS

154,107

13,409

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

154,106

13,408

154,107

13,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2025 and were signed by:

Mr P E Milburn - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

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 9 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

29,316

Additions

237,674

Disposals

(29,118

)

At 31 May 2025

237,872

DEPRECIATION

At 1 June 2024

7,329

Charge for year

59,469

Eliminated on disposal

(7,279

)

At 31 May 2025

59,519

NET BOOK VALUE

At 31 May 2025

178,353

At 31 May 2024

21,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

357

-

Amounts owed by group undertakings

102,629

-

Other debtors

-

368

102,986

368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Hire purchase contracts

39,555

4,930

Trade creditors

13,578

168

Amounts owed to group undertakings

-

7,604

Taxation and social security

18,724

8,395

Other creditors

291,823

1,763

363,680

22,860

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Hire purchase contracts

177,050

22,526

Other creditors

15,000

-

192,050

22,526