REGISTERED NUMBER: 07582565 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Millgate Associates Limited

T/A

The Willows

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Singh

REGISTERED OFFICE:

5 Albany Road

Earlsdon

Coventry

West Midlands

CV5 6JQ

BUSINESS ADDRESS:

The Willows

Bath Street

Willenhall

West Midlands

WV13 2EY

REGISTERED NUMBER:

07582565 (England and Wales)

BANKERS:

Lloyds Bank

Edgbaston B'ham

FIXED ASSETS

Tangible assets

4

285,426

351,226

CURRENT ASSETS

Debtors

5

108,755

107,000

Cash at bank and in hand

360,578

307,348

469,333

414,348

CREDITORS

Amounts falling due within one year

6

58,328

53,417

NET CURRENT ASSETS

411,005

360,931

TOTAL ASSETS LESS CURRENT LIABILITIES

696,431

712,157

CREDITORS

Amounts falling due after more than one year

7

522,279

540,764

NET ASSETS

174,152

171,393

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

174,052

171,293

174,152

171,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2026 and were signed by:

J Singh - Director

1.	STATUTORY INFORMATION

Millgate Associates 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.

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.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

2,015

745,187

747,202

Additions

-

15,523

15,523

At 31 March 2026

2,015

760,710

762,725

DEPRECIATION

At 1 April 2025

-

395,976

395,976

Charge for year

-

81,323

81,323

At 31 March 2026

-

477,299

477,299

NET BOOK VALUE

At 31 March 2026

2,015

283,411

285,426

At 31 March 2025

2,015

349,211

351,226

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

108,755

107,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

125

368

Taxation and social security

52,887

45,763

Other creditors

5,316

7,286

58,328

53,417

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,667

11,667

Other creditors

520,612

529,097

522,279

540,764