Registration number: 06410587

Mill Tackle (Derbyshire) Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Balance Sheet	4
Notes to the Unaudited Financial Statements	5 to 9

Mill Tackle (Derbyshire) Limited

Company Information

Director

Mr Simon Wildsmith

Company secretary

Mrs Glenda Wildsmith

Registered office

8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Accountants

Pattinsons Business Services Ltd 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Mill Tackle (Derbyshire) Limited

Director's Report for the Year Ended 31 October 2025

The director presents his report and the financial statements for the year ended 31 October 2025.

Director of the company

The director who held office during the year was as follows:

Mr Simon Wildsmith

Principal activity

The principal activity of the company is that of fishing equipment retailers.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through the continued financial support of the director and bank. The director therefore considers it appropriate to prepare financial statements on a going concern basis. The financial statements do not include any adjustments that would result in the withdrawal of financial support by the company's director and bank.

Small companies provision statement

This report has 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.

Approved by the director on 29 July 2026 and signed on its behalf by:

.........................................
Mr Simon Wildsmith
Director

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mill Tackle (Derbyshire) Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mill Tackle (Derbyshire) Limited for the year ended 31 October 2025 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mill Tackle (Derbyshire) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mill Tackle (Derbyshire) Limited and state those matters that we have agreed to state to the Board of Directors of Mill Tackle (Derbyshire) Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mill Tackle (Derbyshire) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mill Tackle (Derbyshire) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Mill Tackle (Derbyshire) Limited. You consider that Mill Tackle (Derbyshire) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mill Tackle (Derbyshire) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

29 July 2026

Mill Tackle (Derbyshire) Limited

(Registration number: 06410587)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	187	250
Current assets
Stocks	6	91,170	116,000
Debtors	7	5,934	5,783
Cash at bank and in hand		1,100	295
		98,204	122,078
Creditors: Amounts falling due within one year	8	(122,726)	(114,943)
Net current (liabilities)/assets		(24,522)	7,135
Total assets less current liabilities		(24,335)	7,385
Creditors: Amounts falling due after more than one year	8	(797)	(5,527)
Net (liabilities)/assets		(25,132)	1,858
Capital and reserves
Called up share capital	10	1	1
Retained earnings		(25,133)	1,857
Shareholders' (deficit)/funds		(25,132)	1,858

For the financial year ending 31 October 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 his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 29 July 2026
 

......................................... Mr Simon Wildsmith Director

Mill Tackle (Derbyshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

These financial statements were authorised for issue by the director on 29 July 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.

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 sales/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.

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
Motor vehicles	25% reducing balance

Mill Tackle (Derbyshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Mill Tackle (Derbyshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2024 - 1).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	62	83

5	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	14,000	14,000
At 31 October 2025	14,000	14,000
Depreciation
At 1 November 2024	13,751	13,751
Charge for the year	62	62
At 31 October 2025	13,813	13,813
Carrying amount
At 31 October 2025	187	187
At 31 October 2024	250	250

Mill Tackle (Derbyshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Stocks

	2025 £	2024 £
Other inventories	91,170	116,000

7

Debtors

	2025 £	2024 £
Prepayments	3,304	3,362
Other debtors	2,630	2,421
	5,934	5,783

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	20,731	15,961
Trade creditors		5,019	14,416
Taxation and social security		8,394	4,758
Other creditors		88,582	79,808
		122,726	114,943

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	797	5,527

Mill Tackle (Derbyshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	797	5,527

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	14,403	9,293
Bank overdrafts	6,328	6,668
	20,731	15,961

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share class 1 of £1 each	1	1	1	1

11	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet is a rental deposit payment of £2,250 (2024 - £2,250). A charge has been created against the debtor monies for the rental deposit deed. The amounts secured under the charge are all monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge.