Company registration number 02840052 (England and Wales)
MILLWOOD SERVICING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
MILLWOOD SERVICING LIMITED
COMPANY INFORMATION
Director
Mr M Wood
Company number
02840052
Registered office
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
Accountants
Bryden Johnson Limited
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
Business address
Office Block
Sutton Business Park
Restmor Way
Wallington
Surrey
SM6 7AT
MILLWOOD SERVICING LIMITED
CONTENTS
Page
Director's report
1 - 2
Accountants' report
3
Profit and loss account
4
Balance sheet
5 - 6
Notes to the financial statements
7 - 11
MILLWOOD SERVICING LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The director presents his annual report and financial statements for the year ended 31 August 2025.

Principal activities

The principal activity of the company continued to be that of the supply and maintenance of fire safety equipment.

The above is referenced but not limited to our scope of work as set out under ISO9001.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr M Wood
Results

During the financial year, Millwood Servicing Ltd invested heavily in a new field & office software platform / CRM (Uptick) to replace its previous and aged CRM that it had in place since 2009. This capital Investment expenditure was unplanned but necessary due to the lack of continuation of the previous CRM. The cost and subsequent roll out was managed in house by the Compliance Director and co-owner Mrs Clare Wood and it is felt that the expenditure is one that should not be reported going forward.

Millwood Servicing Ltd continues to be awarded new work predominantly in the Public Sector and in September 202 4 was awarded an 8-year Public Sector Tender opportunity with one of the largest Housing Associations currently listed in the G15, this means that Millwood Servicing Ltd still has a total of 6 long term tender opportunities on the books amounting to over 25 years of contractual works ahead of them in the public sector alone. In addition to this award, Millwood Servicing Ltd continues to tender for additional work both in the public and private sectors and is looking to add an additional 2 long term tender opportunities during the current financial year.

In March 2024, Millwood Servicing Ltd proudly & successfully became B Corp certified with a score of 116.2 meaning that Millwood Servicing Ltd is the only B Corp certified company in the world that provides fire safety services. This incredibly high achievement allows Millwood Servicing Ltd not only to connect with and work with the other 9,000 B Corps in the world, but closer to home this has afforded Millwood Servicing Ltd to widen their network of likeminded companied and individuals.

MILLWOOD SERVICING LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr M Wood
Director
6 February 2026
MILLWOOD SERVICING LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MILLWOOD SERVICING LIMITED FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Millwood Servicing Limited for the year ended 31 August 2025 set out on pages 4 to 11 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Millwood Servicing Limited, as a body, in accordance with the terms of our engagement letter dated 21 October 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Millwood Servicing Limited and state those matters that we have agreed to state to the b oard of d irectors of Millwood Servicing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Millwood Servicing Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Millwood Servicing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Millwood Servicing Limited. You consider that Millwood Servicing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Millwood Servicing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Bryden Johnson Limited
Chartered Accountants
Kings Parade
Lower Coombe Street
Croydon
Surrey
CR0 1AA
6 February 2026
MILLWOOD SERVICING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
2025
2024
Notes
£
£
Turnover
3,830,111
4,483,801
Cost of sales
(2,429,337)
(2,897,889)
Gross profit
1,400,774
1,585,912
Administrative expenses
(1,465,134)
(1,516,588)
Operating (loss)/profit
(64,360)
69,324
Interest receivable and similar income
(703)
-
0
Interest payable and similar expenses
(63,169)
(55,130)
(Loss)/profit before taxation
(128,232)
14,194
Tax on (loss)/profit
19,252
1,224
(Loss)/profit for the financial year
(108,980)
15,418

The profit and loss account has been prepared on the basis that all operations are continuing operations.

MILLWOOD SERVICING LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
120,108
98,327
Current assets
Stocks
153,163
101,396
Debtors
4
1,345,835
1,357,924
Cash at bank and in hand
3,645
7,905
1,502,643
1,467,225
Creditors: amounts falling due within one year
5
(1,180,792)
(1,031,996)
Net current assets
321,851
435,229
Total assets less current liabilities
441,959
533,556
Creditors: amounts falling due after more than one year
6
(159,765)
(54,167)
Provisions for liabilities
(5,997)
(14,239)
Net assets
276,197
465,150
Capital and reserves
Called up share capital
7
1,000
1,000
Capital redemption reserve
70
70
Profit and loss reserves
275,127
464,080
Total equity
276,197
465,150

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

MILLWOOD SERVICING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
31 August 2025
- 6 -
The financial statements were approved and signed by the director and authorised for issue on 6 February 2026
Mr M Wood
Director
Company Registration No. 02840052
MILLWOOD SERVICING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
1
Accounting policies
Company information

Millwood Servicing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Over term of lease
Fixtures, fittings & equipment
25% reducing balance/25% straight line
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

MILLWOOD SERVICING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 8 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MILLWOOD SERVICING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 9 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
36
40
MILLWOOD SERVICING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
67,481
283,197
350,678
Additions
700
52,836
53,536
At 31 August 2025
68,181
336,033
404,214
Depreciation and impairment
At 1 September 2024
26,108
226,243
252,351
Depreciation charged in the year
6,818
24,937
31,755
At 31 August 2025
32,926
251,180
284,106
Carrying amount
At 31 August 2025
35,255
84,853
120,108
At 31 August 2024
41,373
56,954
98,327
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
638,883
693,377
Corporation tax recoverable
11,064
-
0
Other debtors
695,888
664,547
1,345,835
1,357,924
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
54,167
121,623
Obligations under finance leases
7,089
823
Other borrowings
135,501
-
0
Trade creditors
482,745
606,867
Corporation tax
3,897
11,010
Other taxation and social security
292,606
226,855
Other creditors
42,786
8,517
Accruals and deferred income
162,001
56,301
1,180,792
1,031,996
MILLWOOD SERVICING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 11 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
54,167
Obligations under finance leases
31,373
-
0
Other borrowings
128,392
-
0
159,765
54,167
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary B shares of £1 each
520
520
620
520
Ordinary C shares of £1 each
330
330
330
330
Ordinary D shares of £1 each
150
150
50
150
1,000
1,000
1,000
1,000

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Lease commitments
264,993
346,348
9
Directors' transactions

At the year end, included within other debtors is an amount of £363,308 (20 2 4: £329,084) due from a Director of the company.

2025-08-31 2024-09-01 false false false CCH Software CCH Accounts Production 2026.100 Mr M Wood 02840052 2024-09-01 2025-08-31 02840052 bus:Director1 2024-09-01 2025-08-31 02840052 bus:RegisteredOffice 2024-09-01 2025-08-31 02840052 2025-08-31 02840052 2023-09-01 2024-08-31 02840052 2024-08-31 02840052 core:LandBuildings 2025-08-31 02840052 core:OtherPropertyPlantEquipment 2025-08-31 02840052 core:LandBuildings 2024-08-31 02840052 core:OtherPropertyPlantEquipment 2024-08-31 02840052 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 02840052 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 02840052 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 02840052 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 02840052 core:Non-currentFinancialInstruments 2025-08-31 02840052 core:Non-currentFinancialInstruments 2024-08-31 02840052 core:ShareCapital 2025-08-31 02840052 core:ShareCapital 2024-08-31 02840052 core:CapitalRedemptionReserve 2025-08-31 02840052 core:CapitalRedemptionReserve 2024-08-31 02840052 core:RetainedEarningsAccumulatedLosses 2025-08-31 02840052 core:RetainedEarningsAccumulatedLosses 2024-08-31 02840052 core:ShareCapitalOrdinaryShareClass2 2025-08-31 02840052 core:ShareCapitalOrdinaryShareClass2 2024-08-31 02840052 core:ShareCapitalOrdinaryShareClass3 2025-08-31 02840052 core:ShareCapitalOrdinaryShareClass3 2024-08-31 02840052 core:ShareCapitalOrdinaryShareClass4 2025-08-31 02840052 core:ShareCapitalOrdinaryShareClass4 2024-08-31 02840052 core:ShareCapitalOrdinaryShares 2025-08-31 02840052 core:ShareCapitalOrdinaryShares 2024-08-31 02840052 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 02840052 core:FurnitureFittings 2024-09-01 2025-08-31 02840052 core:ComputerEquipment 2024-09-01 2025-08-31 02840052 core:MotorVehicles 2024-09-01 2025-08-31 02840052 core:LandBuildings 2024-08-31 02840052 core:OtherPropertyPlantEquipment 2024-08-31 02840052 2024-08-31 02840052 core:LandBuildings 2024-09-01 2025-08-31 02840052 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 02840052 core:CurrentFinancialInstruments 2025-08-31 02840052 core:CurrentFinancialInstruments 2024-08-31 02840052 core:Non-currentFinancialInstruments 1 2025-08-31 02840052 core:Non-currentFinancialInstruments 1 2024-08-31 02840052 bus:OrdinaryShareClass2 2024-09-01 2025-08-31 02840052 bus:OrdinaryShareClass3 2024-09-01 2025-08-31 02840052 bus:OrdinaryShareClass4 2024-09-01 2025-08-31 02840052 bus:OrdinaryShareClass2 2025-08-31 02840052 bus:OrdinaryShareClass2 2024-08-31 02840052 bus:OrdinaryShareClass3 2025-08-31 02840052 bus:OrdinaryShareClass3 2024-08-31 02840052 bus:OrdinaryShareClass4 2025-08-31 02840052 bus:OrdinaryShareClass4 2024-08-31 02840052 bus:AllOrdinaryShares 2025-08-31 02840052 bus:AllOrdinaryShares 2024-08-31 02840052 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02840052 bus:FRS102 2024-09-01 2025-08-31 02840052 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 02840052 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP