REGISTERED NUMBER: 02125880 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

W. MILNER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Milner

Mrs H A Milner

REGISTERED OFFICE:

Callaughton House

Much Wenlock

Shropshire

TF13 6PT

REGISTERED NUMBER:

02125880 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

21,529

Intangible assets

4

20,377

1,301,543

Tangible assets

5

1,276,244

1,323,072

1,296,621

CURRENT ASSETS

275,687

Stocks

208,522

66,017

Debtors

6

66,466

73

Cash at bank

74

341,777

275,062

CREDITORS

355,865

Amounts falling due within one year

7

208,739

(14,088

)

NET CURRENT ASSETS/(LIABILITIES)

66,323

1,308,984

TOTAL ASSETS LESS CURRENT LIABILITIES

1,362,944

CREDITORS

(428,489

)

Amounts falling due after more than one year

8

(420,945

)

-

PROVISIONS FOR LIABILITIES

(50,290

)

880,495

NET ASSETS

891,709

CAPITAL AND RESERVES

84

Called up share capital

84

116

Capital redemption reserve

116

880,295

Retained earnings

891,509

880,495

891,709

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 Income Statement has not been delivered.

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

Mr D Milner - Director

Mrs H A Milner - Director

1.	STATUTORY INFORMATION

W. Milner 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 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.

Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

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

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

28,798

AMORTISATION

At 1st April 2024

7,269

Charge for year

1,152

At 31st March 2025

8,421

NET BOOK VALUE

At 31st March 2025

20,377

At 31st March 2024

21,529

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST

At 1st April 2024

2,039,107

1,243,711

795,396

Additions

119,705

-

119,705

Disposals

(45,400

)

(45,400

)

-

At 31st March 2025

2,113,412

1,198,311

915,101

DEPRECIATION

At 1st April 2024

737,564

167,402

570,162

Charge for year

103,236

19,328

83,908

Eliminated on disposal

(3,632

)

(3,632

)

-

At 31st March 2025

837,168

183,098

654,070

NET BOOK VALUE

At 31st March 2025

1,276,244

1,015,213

261,031

At 31st March 2024

1,301,543

1,076,309

225,234

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

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

207,000

DEPRECIATION

At 1st April 2024

73,100

Charge for year

23,300

At 31st March 2025

96,400

NET BOOK VALUE

At 31st March 2025

110,600

At 31st March 2024

133,900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,582

-

Other debtors

52,884

66,017

66,466

66,017

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

39,006

238,635

Hire purchase contracts

-

20,750

Trade creditors

74,844

12,367

Taxation and social security

14,703

1,434

Other creditors

80,186

82,679

208,739

355,865

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

420,945

428,489

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

354,634

326,046

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

437,523

454,100

The bank loans are secured by a charge over the assets of the company.