| Millfield Precision Engineering Ltd |
| Registered Number:10539599 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Millfield Precision Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Millfield Precision Engineering Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
363,542
454,427
2
363,542
454,427
24,000
69,000
3
| Trade and other receivables |
60,583
63,912
4
209,310
| Cash and cash equivalents |
152,054
284,966
293,893
| Trade and other payables: amounts falling due within one |
| year |
(244,562)
(272,516)
5
49,331
12,450
Net current assets
| Total assets less current liabilities |
375,992
503,758
| Trade and other payables: amounts falling due after more |
| than one year |
(265,970)
(172,198)
6
(19,698)
(19,316)
| Provisions for liabilities |
184,096
Net assets
218,472
2
2
184,094
218,470
184,096
218,472
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Kristian Avrill Director |
| These financial statements were approved and authorised for issue by the Board on 12 January 2026 and were signed by: |
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For the year ended 31 December 2024
Millfield Precision Engineering Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 4
For the year ended 31 December 2024
Millfield Precision Engineering Ltd
Notes to the Financial Statements
Statutory Information
| Millfield Precision Engineering Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 10539599. |
Unit 8, Bartlett Park
Millfield Industrial Estate
Chard
Somerset
TA20 2BB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| 2. Property, plant and equipment |
749,843
749,843
| Provision for depreciation and impairment |
295,416
Charge for year
90,885
386,301
363,542
454,427
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For the year ended 31 December 2024
Millfield Precision Engineering Ltd
Notes to the Financial Statements Continued
2023
2024
69,000
24,000
| 4. Trade and other receivables |
2023
2024
45,587
51,572
18,325
9,011
60,583
63,912
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
28,241
35,897
| Taxation and social security |
146,305
84,365
97,970
124,300
272,516
244,562
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
172,198
265,970
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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