REGISTERED NUMBER: 05047446 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 MARCH 2025

FOR

MILLSOPPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Buckman

DT Newson

SECRETARY:

D S Jaffrey

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

REGISTERED NUMBER:

05047446 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

4

43,550

45,830

CURRENT ASSETS

Debtors

5

29,152

33,881

Cash at bank and in hand

210,687

160,121

239,839

194,002

CREDITORS

Amounts falling due within one year

6

118,757

74,407

NET CURRENT ASSETS

121,082

119,595

TOTAL ASSETS LESS CURRENT LIABILITIES

164,632

165,425

CREDITORS

Amounts falling due after more than one year

7

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES

(7,844

)

(8,205

)

NET ASSETS

150,955

141,387

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

150,855

141,287

SHAREHOLDERS' FUNDS

150,955

141,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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 5 December 2025 and were signed on its behalf by:

J A Buckman - Director

1.	STATUTORY INFORMATION

Millsopps 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 sales of services, is recognised on provision of the service and excludes value added tax.

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

-

33% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans from / to related parties.

Taxation

Taxation for the period 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 period 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

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.

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has continued to be used in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

94,419

Disposals

(500

)

At 30 March 2025

93,919

DEPRECIATION

At 1 April 2024

48,589

Charge for period

1,780

At 30 March 2025

50,369

NET BOOK VALUE

At 30 March 2025

43,550

At 31 March 2024

45,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,291

21,886

Other debtors

12,861

11,995

29,152

33,881

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loan

10,000

10,000

Trade creditors

9,989

12,272

Taxation and social security

52,875

35,124

Other creditors

45,893

17,011

118,757

74,407

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan

5,833

15,833

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

23,792

17,646

Between one and five years

22,566

-

46,358

17,646

9.

RESERVES

Retained

earnings

£

At 1 April 2024

141,287

Profit for the period

61,219

Dividends

(51,651

)

At 30 March 2025

150,855

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 March 2025 and the year ended 31 March 2024:

2025

2024

£

£

DT Newson

Balance outstanding at start of period

747

-

Amounts advanced

29,976

747

Amounts repaid

(29,976

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

747

747