Company registration number: NI070847
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
Millview Fuels Freight Ltd
Pages for filing with the Registrar
Company registration number: NI070847
Millview Fuels Freight Ltd
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 716,797 637,444
Investments 5 200,000 -
916,797 637,444
Current assets
Stocks 1,251,335 1,240,253
Debtors 542,263 600,049
Cash at bank and in hand 86,760 73,389
1,880,358 1,913,691
Creditors: amounts falling due within one
year 		(953,474) (864,316)
Net current assets 926,884 1,049,375
Total assets less current liabilities 1,843,681 1,686,819
Creditors: Amounts falling due after more
than one year 		(273,573) (287,499)
Provisions for liabilities (140,920) (121,082)
NET ASSETS 1,429,188 1,278,238
Capital and reserves
Called up share capital 103 103
Profit and loss account 1,429,085 1,278,135
TOTAL EQUITY 1,429,188 1,278,238
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI070847
Millview Fuels Freight Ltd
Balance sheet - continued
as at 31 October 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 26 May 2026 and signed on its behalf by:
Mr M Gass, Director
26 May 2026
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Millview Fuels Freight Ltd
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
Millview Fuels Freight Ltd is a private company registered in Northern Ireland. Its registered number is NI070847. The company is limited by shares. Its registered office is 7a Killycarn Road, Loughgilly, Armagh, County Armagh, BT60 2DG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property -
Plant and machinery etc.:
P&M - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Millview Fuels Freight Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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 Average number of employees
During the year the average number of employees was 14 (2024 - 15).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 November 2024 153,117 672,553 825,670
Additions - 186,007 186,007
Disposals - (35,245) (35,245)
At 31 October 2025 153,117 823,315 976,432
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Millview Fuels Freight Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
4 Tangible fixed assets - continued
Depreciation
At 1 November 2024 - 188,226 188,226
Charge for year - 78,229 78,229
Eliminated on disposal - (6,820) (6,820)
At 31 October 2025 - 259,635 259,635
Net book value
At 31 October 2025 153,117 563,680 716,797
At 31 October 2024 153,117 484,327 637,444
5 Fixed asset investments
Other
investments
other than
loans
£
Cost
At 1 November 2024 200,000
At 31 October 2025 200,000
Net book value
At 31 October 2025 200,000
At 31 October 2024 200,000
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