REGISTERED NUMBER: 03736807 (England and Wales)

MILLISUN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr. C K White

REGISTERED OFFICE:

Business Development Centre

Main Avenue

Treforest Industrial Estatre

Pontypridd

Mid Glamorgan

CF37 5UR

REGISTERED NUMBER:

03736807 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

127,699

101,910

Investments

6

1,250,000

1,250,000

1,377,699

1,351,910

CURRENT ASSETS

Debtors

7

2,127,987

1,651,040

Cash at bank

747,351

739,372

2,875,338

2,390,412

CREDITORS

Amounts falling due within one year

8

960,435

739,501

NET CURRENT ASSETS

1,914,903

1,650,911

TOTAL ASSETS LESS CURRENT LIABILITIES

3,292,602

3,002,821

CREDITORS

Amounts falling due after more than one year

9

147,793

190,830

NET ASSETS

3,144,809

2,811,991

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,144,807

2,811,989

SHAREHOLDERS' FUNDS

3,144,809

2,811,991

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

Mr. C K White - Director

1.	STATUTORY INFORMATION

Millisun 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

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 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

45,649

29,816

183,871

259,336

Additions

1,012

-

71,377

72,389

Disposals

-

-

(39,183

)

(39,183

)

At 31 March 2025

46,661

29,816

216,065

292,542

DEPRECIATION

At 1 April 2024

33,697

25,093

98,636

157,426

Charge for year

3,241

1,180

38,145

42,566

Eliminated on disposal

-

-

(35,149

)

(35,149

)

At 31 March 2025

36,938

26,273

101,632

164,843

NET BOOK VALUE

At 31 March 2025

9,723

3,543

114,433

127,699

At 31 March 2024

11,952

4,723

85,235

101,910

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Other investments

1,250,000

1,250,000

The other investments comprise of annuity contracts purchased from the directors as detailed in note 11 and are shown at cost.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

765,824

460,662

Other debtors

1,362,163

1,190,378

2,127,987

1,651,040

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

68,000

68,000

Hire purchase contracts

20,164

1,829

Trade creditors

371,499

366,125

Taxation and social security

386,778

255,175

Other creditors

113,994

48,372

960,435

739,501

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

73,667

141,667

Hire purchase contracts

74,126

49,163

147,793

190,830

10.	RELATED PARTY TRANSACTIONS

On 31 July 2015 Millisun Limited entered into a contract with Mr C K White for £400,000. Under the terms of the contract the company will receive annual payments of £1,400 commencing on 31 July 2016 for the lifetime of Mr C K White.

On 05 July 2016 Millisun Limited entered into a contract with Mr C K White for £850,000. Under the terms of the contract the company will receive annual payments of £2,507 commencing on 4 July 2017 for the lifetime of Mr C K White.