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REGISTERED NUMBER: 04454980

THE MILL TACKLE COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

THE MILL TACKLE COMPANY LIMITED (REGISTERED NUMBER: 04454980)

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

THE MILL TACKLE COMPANY LIMITED

COMPANY INFORMATION

For The Year Ended 31 MAY 2025

| DIRECTOR: | G Mills

| SECRETARY: | Mrs J A L Mills

| REGISTERED OFFICE: | 6 Jubilee Avenue

| Headless Cross

| Redditch

| Worcestershire

| B97 5HA

| REGISTERED NUMBER: | 04454980

| ACCOUNTANTS: | Charles Lovell & Co Limited

| Chartered Certified Accountants

| and Statutory Auditors

| 8 Church Green East

| Redditch

| Worcestershire

| B98 8BP

THE MILL TACKLE COMPANY LIMITED (REGISTERED NUMBER: 04454980)

BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 28,388 |  | 34,776 |  |

CURRENT ASSETS

Stocks | 4 | 26,304 |  | 23,937 |  |

Debtors | 5 | 17,835 |  | 19,260 |  |

Cash at bank and in hand | 2,553 |  | 12,191 |  |

46,692 |  | 55,388 |  |

CREDITORS

Amounts falling due within one year | 6 | 108,702 |  | 115,074 |  |

NET CURRENT LIABILITIES | (62,010 | ) | (59,686 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (33,622 | ) | (24,910 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 2,766 |  | 3,258 |  |

NET LIABILITIES | (36,388 | ) | (28,168 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Retained earnings | 9 | (36,389 | ) | (28,169 | ) |

SHAREHOLDERS' FUNDS | (36,388 | ) | (28,168 | ) |

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

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

The financial statements were approved by the director and authorised for issue on 18 February 2026 and were signed by:

G Mills - Director

THE MILL TACKLE COMPANY LIMITED (REGISTERED NUMBER: 04454980)

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 MAY 2025

1. | 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.

| The financial statements have been prepared on a going concern basis in anticipation of continued support from the company's shareholder.

| 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 etc | - | 25% on reducing balance, 25% on cost and 15% on reducing balance

| Stocks

| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

| 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.

| 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.

| Government grants

| The government grant received towards the cost of a fixed asset is being treated as a deferred grant and being released to the profit and loss account over the useful economic life of the related asset.

THE MILL TACKLE COMPANY LIMITED (REGISTERED NUMBER: 04454980)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 MAY 2025

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

3. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 167,219 |  | 1,700 |  | 2,775 |  | 171,694 |  |

| DEPRECIATION

| At 1 June 2024 | 133,535 |  | 1,162 |  | 2,221 |  | 136,918 |  |

| Charge for year | 6,068 |  | 135 |  | 185 |  | 6,388 |  |

| At 31 May 2025 | 139,603 |  | 1,297 |  | 2,406 |  | 143,306 |  |

| NET BOOK VALUE

| At 31 May 2025 | 27,616 |  | 403 |  | 369 |  | 28,388 |  |

| At 31 May 2024 | 33,684 |  | 538 |  | 554 |  | 34,776 |  |

4. | STOCKS

| 31.5.25 |  | 31.5.24

£ | £ |

| Stocks | 26,304 |  | 23,937 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 14,551 |  | 15,740 |  |

| Prepayments | 3,284 |  | 3,520 |  |

17,835 |  | 19,260 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 413 |  | - |  |

| Trade creditors | 16,280 |  | 13,981 |  |

| Social security and other taxes | 1,025 |  | 895 |  |

| VAT | 5,723 |  | 7,095 |  |

| Other creditors | 30,642 |  | 29,135 |  |

| Director's loan account | 51,576 |  | 60,965 |  |

| Accrued expenses | 2,550 |  | 2,425 |  |

| Deferred government grants | 493 |  | 578 |  |

108,702 |  | 115,074 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Deferred government grants | 2,766 |  | 3,258 |  |

THE MILL TACKLE COMPANY LIMITED (REGISTERED NUMBER: 04454980)

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 MAY 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 June 2024 | (28,169 | ) |

| Deficit for the year | (8,220 | ) |

| At 31 May 2025 | (36,389 | ) |

10. | ULTIMATE CONTROLLING PARTY

| The company is controlled by G Mills, the director of the company.