REGISTERED NUMBER: 04907449 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

M D MILLS (BUILDING CONTRACTORS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Hall

Mrs J L Hall

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

04907449 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

1,000

Intangible assets

4

-

63,061

Tangible assets

5

43,163

64,061

43,163

CURRENT ASSETS

247,500

Stocks

255,000

153,452

Debtors

6

87,077

13,121

Prepayments and accrued income

7,929

26,627

Cash at bank and in hand

201

440,700

350,207

CREDITORS

328,056

Amounts falling due within one year

7

269,104

112,644

NET CURRENT ASSETS

81,103

176,705

TOTAL ASSETS LESS CURRENT LIABILITIES

124,266

CREDITORS

(23,625

)

Amounts falling due after more than one year

8

(10,907

)

(8,927

)

PROVISIONS FOR LIABILITIES

(7,409

)

144,153

NET ASSETS

105,950

CAPITAL AND RESERVES

100

Called up share capital

100

5,979

Revaluation reserve

11

5,990

138,074

Retained earnings

11

99,860

144,153

SHAREHOLDERS' FUNDS

105,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2025 and were signed on its behalf by:

R A Hall - Director

1.	STATUTORY INFORMATION

M D Mills (Building Contractors) 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.

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.

Turnover

Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Intangible assets - goodwill

Goodwill, being the amount paid in connection with the acquistion of a business in 2003, has been written off in full.

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 - 25% on reducing balance

Fixtures and equipment - 25% on reducing balance

Trade vehicles - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

59,000

Charge for year

1,000

At 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,000

5.	TANGIBLE FIXED ASSETS

Plant and

Fixtures

Trade

Totals

machinery

& equipment

vehicles

£

£

£

£

COST

At 1 April 2024

213,839

23,975

8,204

181,660

Additions

14,341

-

346

13,995

Disposals

(42,139

)

-

-

(42,139

)

At 31 March 2025

186,041

23,975

8,550

153,516

DEPRECIATION

At 1 April 2024

150,778

23,782

6,796

120,200

Charge for year

14,384

41

440

13,903

Eliminated on disposal

(22,284

)

-

-

(22,284

)

At 31 March 2025

142,878

23,823

7,236

111,819

NET BOOK VALUE

At 31 March 2025

43,163

152

1,314

41,697

At 31 March 2024

63,061

193

1,408

61,460

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

Trade

vehicles

£

COST

At 1 April 2024

52,634

Additions

13,995

Disposals

(25,139

)

At 31 March 2025

41,490

DEPRECIATION

At 1 April 2024

18,245

Charge for year

7,383

Eliminated on disposal

(6,285

)

At 31 March 2025

19,343

NET BOOK VALUE

At 31 March 2025

22,147

At 31 March 2024

34,389

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

87,077

153,452

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

27,060

5,400

Hire purchase contracts (see note 9)

10,071

8,773

Trade creditors

124,356

194,266

Taxation and social security

88,197

98,752

Other creditors

19,420

20,865

269,104

328,056

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

965

6,493

Hire purchase contracts (see note 9)

9,942

17,132

10,907

23,625

9.	LEASING AGREEMENTS

During the year the company renewed the lease on its trading premises.

Due in one year

£34,408

Between one and five years

£188,816

£223,224

There are also hire purchase contracts due as follows:

Due in one year

£10,071

Between one and five years

£9,942

£20,013

10.	SECURED DEBTS

HSBC Limited hold fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures, fixed plant and machinery.

11.

RESERVES

Retained

Revaluation

Totals

earnings

reserve

£

£

£

At 1 April 2024

144,053

138,074

5,979

Profit for the year

39,786

39,786

Dividends

(78,000

)

(78,000

)

Movement in deferred tax

11

-

11

At 31 March 2025

105,850

99,860

5,990