REGISTERED NUMBER: 13122692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MILLBROOK BEDS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M McClements

J Waugh

REGISTERED OFFICE:

Riverside House

River Lane

Saltney

Cheshire

CH4 8RQ

REGISTERED NUMBER:

13122692 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Virgin Money UK PLC.

FIXED ASSETS

Tangible assets

4

560,122

397,022

CURRENT ASSETS

Stocks

5

795,447

766,144

Debtors

6

1,804,074

1,941,470

Cash at bank

484,046

1,102,183

3,083,567

3,809,797

CREDITORS

Amounts falling due within one year

7

2,418,285

3,011,082

NET CURRENT ASSETS

665,282

798,715

TOTAL ASSETS LESS CURRENT LIABILITIES

1,225,404

1,195,737

CAPITAL AND RESERVES

Called up share capital

8

2,000

2,000

Share premium

9

1,249,000

1,249,000

Retained earnings

9

(25,596

)

(55,263

)

SHAREHOLDERS' FUNDS

1,225,404

1,195,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th November 2025 and were signed on its behalf by:

A M McClements - Director

1.	STATUTORY INFORMATION

Millbrook Beds 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.

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

-

10% - 33% on cost

Fixtures and fittings

-

20% - 33% on cost

Motor vehicles

-

10% - 20% on cost

Computer equipment

-

33% 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 Statement of Income and Retained Earnings, 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

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 59 (2024 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

588,746

5,155

10,193

85,541

689,635

Additions

246,250

36,171

4,290

5,982

292,693

At 31st March 2025

834,996

41,326

14,483

91,523

982,328

DEPRECIATION

At 1st April 2024

224,991

4,293

8,716

54,613

292,613

Charge for year

110,659

6,105

2,120

10,709

129,593

At 31st March 2025

335,650

10,398

10,836

65,322

422,206

NET BOOK VALUE

At 31st March 2025

499,346

30,928

3,647

26,201

560,122

At 31st March 2024

363,755

862

1,477

30,928

397,022

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

645,812

657,496

Work-in-progress

149,635

108,648

795,447

766,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

968,187

823,581

Other debtors

271,765

802,645

Deferred tax asset

7,044

18,998

Accrued income

43,485

187,799

Prepayments

513,593

108,447

1,804,074

1,941,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

976,059

1,072,002

Social security and other taxes

33,492

30,870

Pension control account

8,584

8,632

VAT

271,535

424,899

Other creditors

500,285

655,091

Directors' current accounts

308,775

401,025

Accrued expenses

319,555

418,563

2,418,285

3,011,082

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2,000

Ordinary £1

£1

2,000

2,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1st April 2024

(55,263

)

1,249,000

1,193,737

Profit for the year

29,667

29,667

At 31st March 2025

(25,596

)

1,249,000

1,223,404

10.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

-