MILLCOURT SHOPFITTINGS LIMITED

Company Registration Number:
03087119 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2025

Period of accounts

Start date: 1 January 2025

End date: 31 December 2025

MILLCOURT SHOPFITTINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MILLCOURT SHOPFITTINGS LIMITED

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Principal activities of the company

The directors present their strategic report for the year ended 31 December 2025. FAIR REVIEW OF THE BUSINESS, KPI’S AND FUTURE DEVELOPMENTS The management team and directors are pleased with the performance of the company in 2025 and are happy with the position going into 2026. Turnover has decreased by £4,458,340 to £10,330,704, mainly due to reduced sales prices to clients as raw material costs have been reduced. Demand for the supply of shopfitting equipment has continued into 2026 as despite the decrease in turnover, more units were sold in 2025 than 2024. Directors expect continued strong performance in the UK and European markets. At the end of the year the company had shareholders’ funds of £6,484,859 (2024: £6,386,969) including distributable reserves of £6,484,857 (2024: £6,386,967) giving a strong financial position, particularly given the net current assets position at the year-end was £5,587,462 (2024: £5,442,106) and cash reserves of £3,147,841 (2024: £1,751,948). Our sales order book for 2026 is expected to show a slight decline rather than growth, but no major downturn. The company remains well positioned to continue executing its strategy and investing in its infrastructure. PRINCIPAL RISKS AND UNCERTAINTIES The directors believe the principal risk facing the company to be the potential impact of the cost-of-living crisis, rising prices, geo-political instability and the likelihood of an economic recession. Material costs and general operating costs remain high, this is a macro-economic factor and there remains uncertainty over how long this will last. We are managing this through careful control of stock flow, productivity and efficiency gains, and where appropriate price increases. The company is exposed to economic currency fluctuations as most of its purchases are denominated in Euros. The company manages this risk by actively monitoring exchange rates, utilising natural hedging and where appropriate hedging agreements against foreign exchange variances. The company has an exceptionally strong balance sheet which will enable it to continue its strategy of growth and mitigate the impact of the wider economic climate. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The company makes use of financial instruments only through the operation of bank accounts and other basic items. The directors believe the company’s exposure to credit risk, liquidity risk and cash flow is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company. The company’s exposure to price and foreign exchange risk is discussed in the principal risks and uncertainties section.

Political and charitable donations

The directors present their strategic report for the year ended 31 December 2025. FAIR REVIEW OF THE BUSINESS, KPI’S AND FUTURE DEVELOPMENTS The management team and directors are pleased with the performance of the company in 2025 and are happy with the position going into 2026. Turnover has decreased by £4,458,340 to £10,330,704, mainly due to reduced sales prices to clients as raw material costs have been reduced. Demand for the supply of shopfitting equipment has continued into 2026 as despite the decrease in turnover, more units were sold in 2025 than 2024. Directors expect continued strong performance in the UK and European markets. At the end of the year the company had shareholders’ funds of £6,484,859 (2024: £6,386,969) including distributable reserves of £6,484,857 (2024: £6,386,967) giving a strong financial position, particularly given the net current assets position at the year-end was £5,587,462 (2024: £5,442,106) and cash reserves of £3,147,841 (2024: £1,751,948). Our sales order book for 2026 is expected to show a slight decline rather than growth, but no major downturn. The company remains well positioned to continue executing its strategy and investing in its infrastructure. PRINCIPAL RISKS AND UNCERTAINTIES The directors believe the principal risk facing the company to be the potential impact of the cost-of-living crisis, rising prices, geo-political instability and the likelihood of an economic recession. Material costs and general operating costs remain high, this is a macro-economic factor and there remains uncertainty over how long this will last. We are managing this through careful control of stock flow, productivity and efficiency gains, and where appropriate price increases. The company is exposed to economic currency fluctuations as most of its purchases are denominated in Euros. The company manages this risk by actively monitoring exchange rates, utilising natural hedging and where appropriate hedging agreements against foreign exchange variances. The company has an exceptionally strong balance sheet which will enable it to continue its strategy of growth and mitigate the impact of the wider economic climate. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The company makes use of financial instruments only through the operation of bank accounts and other basic items. The directors believe the company’s exposure to credit risk, liquidity risk and cash flow is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company. The company’s exposure to price and foreign exchange risk is discussed in the principal risks and uncertainties section.

Company policy on disabled employees

The directors present their strategic report for the year ended 31 December 2025. FAIR REVIEW OF THE BUSINESS, KPI’S AND FUTURE DEVELOPMENTS The management team and directors are pleased with the performance of the company in 2025 and are happy with the position going into 2026. Turnover has decreased by £4,458,340 to £10,330,704, mainly due to reduced sales prices to clients as raw material costs have been reduced. Demand for the supply of shopfitting equipment has continued into 2026 as despite the decrease in turnover, more units were sold in 2025 than 2024. Directors expect continued strong performance in the UK and European markets. At the end of the year the company had shareholders’ funds of £6,484,859 (2024: £6,386,969) including distributable reserves of £6,484,857 (2024: £6,386,967) giving a strong financial position, particularly given the net current assets position at the year-end was £5,587,462 (2024: £5,442,106) and cash reserves of £3,147,841 (2024: £1,751,948). Our sales order book for 2026 is expected to show a slight decline rather than growth, but no major downturn. The company remains well positioned to continue executing its strategy and investing in its infrastructure. PRINCIPAL RISKS AND UNCERTAINTIES The directors believe the principal risk facing the company to be the potential impact of the cost-of-living crisis, rising prices, geo-political instability and the likelihood of an economic recession. Material costs and general operating costs remain high, this is a macro-economic factor and there remains uncertainty over how long this will last. We are managing this through careful control of stock flow, productivity and efficiency gains, and where appropriate price increases. The company is exposed to economic currency fluctuations as most of its purchases are denominated in Euros. The company manages this risk by actively monitoring exchange rates, utilising natural hedging and where appropriate hedging agreements against foreign exchange variances. The company has an exceptionally strong balance sheet which will enable it to continue its strategy of growth and mitigate the impact of the wider economic climate. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The company makes use of financial instruments only through the operation of bank accounts and other basic items. The directors believe the company’s exposure to credit risk, liquidity risk and cash flow is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company. The company’s exposure to price and foreign exchange risk is discussed in the principal risks and uncertainties section.



Directors

The director shown below has held office during the whole of the period from
1 January 2025 to 31 December 2025

LÜDTKE, Arndt, Dr

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 April 2026

And signed on behalf of the board by:
Name: LÜDTKE, Arndt, Dr
Status: Director

MILLCOURT SHOPFITTINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2025

2025 2024


£
£
Turnover: 10,330,704 14,789,044
Cost of sales: ( 8,357,796 ) ( 12,677,662 )
Gross profit(or loss): 1,972,908 2,111,382
Administrative expenses: ( 2,089,044 ) ( 1,667,559 )
Operating profit(or loss): (116,136) 443,823
Interest receivable and similar income: 57,564 25,065
Profit(or loss) before tax: (58,572) 468,888
Tax: 9,436 4,149
Profit(or loss) for the financial year: (49,136) 473,037

MILLCOURT SHOPFITTINGS LIMITED

Balance sheet

As at 31 December 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 932,369 966,297
Total fixed assets: 932,369 966,297
Current assets
Stocks: 4 2,174,392 2,458,820
Debtors: 5 689,367 1,654,360
Cash at bank and in hand: 3,147,841 1,751,948
Total current assets: 6,011,600 5,865,128
Creditors: amounts falling due within one year: 6 ( 594,138 ) ( 423,022 )
Net current assets (liabilities): 5,417,462 5,442,106
Total assets less current liabilities: 6,349,831 6,408,403
Provision for liabilities: ( 11,998 ) ( 21,434 )
Total net assets (liabilities): 6,337,833 6,386,969
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 6,337,831 6,386,967
Total Shareholders' funds: 6,337,833 6,386,969

The notes form part of these financial statements

MILLCOURT SHOPFITTINGS LIMITED

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 April 2026
and signed on behalf of the board by:

Name: LÜDTKE, Arndt, Dr
Status: Director

The notes form part of these financial statements

MILLCOURT SHOPFITTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Turnover represents revenue arising from the treatment and coating of metals including related processing services provided to customers. Revenue is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes, and net of returns received. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of the assets less their residual values over their useful lives on the following bases: Freehold Land and Property 2% straight line basis Plant & Machinery 25% straight line basis Fixtures & Fittings 25% straight line basis Freehold land is not depreciated 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.

    Valuation information and policy

    Valuation of stock Stocks are valued at the lower cost and net realisable value. Net realisable value includes, where necessary, provisions for slow moving and obsolete stocks. Calculation of these provisions requires judgements to be made, which include forecast consumer demand, the promotional, competitive and economic environment and stock loss trends.

MILLCOURT SHOPFITTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 17 18

MILLCOURT SHOPFITTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2025 1,418,733 194,896 95,190 1,708,819
Additions 1,172 1,172
Disposals
Revaluations
Transfers
At 31 December 2025 1,418,733 196,068 95,190 1,709,991
Depreciation
At 1 January 2025 472,856 178,142 91,524 742,522
Charge for year 25,137 8,175 1,788 35,100
On disposals
Other adjustments
At 31 December 2025 497,993 186,317 93,312 777,622
Net book value
At 31 December 2025 920,740 9,751 1,878 932,369
At 31 December 2024 945,877 16,754 3,666 966,297

MILLCOURT SHOPFITTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Stocks

2025 2024
£ £
Stocks 2,174,392 2,458,820
Total 2,174,392 2,458,820

MILLCOURT SHOPFITTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

5. Debtors

2025 2024
£ £
Trade debtors 569,848 1,149,152
Prepayments and accrued income 28,434 71,735
Other debtors 91,085 433,473
Total 689,367 1,654,360

MILLCOURT SHOPFITTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 96,679 72,187
Taxation and social security 196,844 168,482
Accruals and deferred income 284,226 114,994
Other creditors 16,389 67,359
Total 594,138 423,022