Registration number: 02985597

Milbury Heath Commercials Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Milbury Heath Commercials Limited

Company Information

Director

T Whiles

Company secretary

J Whiles

Registered office

Rudgewood House Milbury Heath Wotton-Under-Edge Gloucestershire GL12 8PU

Accountants

Burton Sweet Limited Spencer House Morston Court Aisecome Way Weston-super-Mare Somerset BS22 8NG

Milbury Heath Commercials Limited

(Registration number: 02985597)
Balance Sheet
30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	92,874	63,565
Current assets
Stocks	5	15,165	20,548
Debtors	6	28,201	31,576
Cash at bank and in hand		24,473	34,517
		67,839	86,641
Creditors: Amounts falling due within one year	7	(75,684)	(79,271)
Net current (liabilities)/assets		(7,845)	7,370
Total assets less current liabilities		85,029	70,935
Provisions for liabilities		(4,273)	(1,489)
Net assets		80,756	69,446
Capital and reserves
Called up share capital		500	500
Retained earnings		80,256	68,946
Shareholders' funds		80,756	69,446

Milbury Heath Commercials Limited

(Registration number: 02985597)
Balance Sheet
30 November 2025

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2026
 

......................................... T Whiles Director

Milbury Heath Commercials Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rudgewood House
Milbury Heath
Wotton-Under-Edge
Gloucestershire
GL12 8PU

These financial statements were authorised for issue by the director on 15 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Milbury Heath Commercials Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	10% Straight line
Plant and machinery	25% Straight line
Motor vehicles	25% Reducing balance
Office equipment	33% Straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Milbury Heath Commercials Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Milbury Heath Commercials Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

4	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 December 2024	57,370	32,437	263	11,301
Additions	18,501	31,380	211	-
At 30 November 2025	75,871	63,817	474	11,301
Depreciation
At 1 December 2024	6,560	21,229	263	9,754
Charge for the year	7,496	12,831	70	386
At 30 November 2025	14,056	34,060	333	10,140
Carrying amount
At 30 November 2025	61,815	29,757	141	1,161
At 30 November 2024	50,810	11,208	-	1,547

	Total £
Cost or valuation
At 1 December 2024	101,371
Additions	50,092
At 30 November 2025	151,463
Depreciation
At 1 December 2024	37,806
Charge for the year	20,783
At 30 November 2025	58,589
Carrying amount
At 30 November 2025	92,874
At 30 November 2024	63,565

Included within the net book value of land and buildings above is £61,815 (2024 - £50,810) in respect of freehold land and buildings.
 

Milbury Heath Commercials Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2025

5

Stocks

	2025 £	2024 £
Work in progress	7,165	12,548
Finished goods and goods for resale	8,000	8,000
	15,165	20,548

6

Debtors

	2025 £	2024 £
Trade debtors	25,238	31,576
Prepayments	2,963	-
	28,201	31,576

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,007	16,083
Taxation and social security	9,186	9,951
Accruals and deferred income	2,175	2,025
Other creditors	61,316	51,212
	75,684	79,271