REGISTERED NUMBER: 01229119 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Mil Tu Fit Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I K Gregory

SECRETARY:

K J Benjamin

REGISTERED OFFICE:

246 Broomhill Road

Brislington

Bristol

BS4 5RG

REGISTERED NUMBER:

01229119 (England and Wales)

FIXED ASSETS

Tangible assets

4

118,116

154,862

CURRENT ASSETS

Stocks

214,252

202,632

Debtors

5

3,780,085

1,121,133

Cash at bank

565,208

3,409,989

4,559,545

4,733,754

CREDITORS

Amounts falling due within one year

6

516,675

925,201

NET CURRENT ASSETS

4,042,870

3,808,553

TOTAL ASSETS LESS CURRENT LIABILITIES

4,160,986

3,963,415

PROVISIONS FOR LIABILITIES

26,424

35,256

NET ASSETS

4,134,562

3,928,159

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,133,562

3,927,159

4,134,562

3,928,159

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

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

The financial statements were approved by the director and authorised for issue on 17 July 2026 and were signed by:

I K Gregory - Director

1.	STATUTORY INFORMATION

Mil Tu Fit Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 historical cost convention.

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

Going Concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Improvements to property - 10% on reducing balance

Plant and machinery - 25% on reducing balance and 20% on reducing balance

Fixtures and fittings - 33% on reducing balance

Motor vehicles - 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

38,222

1,279,579

30,710

44,490

1,393,001

Additions

-

-

389

-

389

At 31 October 2025

38,222

1,279,579

31,099

44,490

1,393,390

DEPRECIATION

At 1 November 2024

24,166

1,145,619

27,578

40,776

1,238,139

Charge for year

1,406

33,509

1,291

929

37,135

At 31 October 2025

25,572

1,179,128

28,869

41,705

1,275,274

NET BOOK VALUE

At 31 October 2025

12,650

100,451

2,230

2,785

118,116

At 31 October 2024

14,056

133,960

3,132

3,714

154,862

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

425,426

825,356

Amounts owed by group undertakings

3,329,346

272,011

Directors' current accounts

304

821

Taxation recoverable

277

63

Prepayments and accrued income

24,732

22,882

3,780,085

1,121,133

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

334,185

496,450

Tax

94,726

278,638

Social security and other taxes

20,182

17,838

VAT

49,107

118,628

Other creditors

10,393

9

Accrued expenses

8,082

13,638

516,675

925,201

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

72,853

72,853

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

I K Gregory

Balance outstanding at start of year

821

187

Amounts advanced

697

634

Amounts repaid

(1,214

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

304

821