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Company Registration No. SC229543 (Scotland)
Millbank Decorators Ltd. Unaudited accounts for the year ended 31 December 2025
Millbank Decorators Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Millbank Decorators Ltd. Company Information for the year ended 31 December 2025
Director
J G Gallacher
Secretary
J G Gallacher
Company Number
SC229543 (Scotland)
Registered Office
Unit 10 29 Coatbank Street Coatbridge ML5 3SP United Kingdom
Accountants
Ambient Accounting Ltd Suite 6 Ellesmere House 1 Pennington Street Worsley Manchester M28 3LR
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Millbank Decorators Ltd. Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,813 
9,475 
Current assets
Inventories
204,505 
206,565 
Debtors
5
234,425 
321,102 
Cash at bank and in hand
1,349,885 
811,662 
1,788,815 
1,339,329 
Creditors: amounts falling due within one year
6
(479,586)
(259,391)
Net current assets
1,309,229 
1,079,938 
Total assets less current liabilities
1,320,042 
1,089,413 
Provisions for liabilities
Deferred tax
(2,178)
(2,178)
Net assets
1,317,864 
1,087,235 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
1,307,864 
1,077,235 
Shareholders' funds
1,317,864 
1,087,235 
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2026 and were signed on its behalf by
J G Gallacher Director Company Registration No. SC229543
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Millbank Decorators Ltd. Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Millbank Decorators Ltd. is a private company, limited by shares, registered in Scotland, registration number SC229543. The registered office is Unit 10 29 Coatbank Street, Coatbridge, ML5 3SP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2025
2,655 
38,484 
16,485 
7,275 
64,899 
Additions
1,466 
- 
2,293 
810 
4,569 
Disposals
- 
(12,689)
- 
- 
(12,689)
At 31 December 2025
4,121 
25,795 
18,778 
8,085 
56,779 
Depreciation
At 1 January 2025
166 
33,790 
15,342 
6,126 
55,424 
Charge for the year
519 
849 
281 
285 
1,934 
On disposals
- 
(11,392)
- 
- 
(11,392)
At 31 December 2025
685 
23,247 
15,623 
6,411 
45,966 
Net book value
At 31 December 2025
3,436 
2,548 
3,155 
1,674 
10,813 
At 31 December 2024
2,489 
4,694 
1,143 
1,149 
9,475 
- 5 -
Millbank Decorators Ltd. Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
177,258 
260,305 
Amounts due from group undertakings etc.
15,890 
15,890 
Accrued income and prepayments
11,581 
9,607 
Other debtors
29,696 
35,300 
234,425 
321,102 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
241,575 
45,168 
Taxes and social security
234,389 
203,132 
Other creditors
507 
507 
Loans from directors
615 
- 
Accruals
2,500 
10,584 
479,586 
259,391 
7
Average number of employees
During the year the average number of employees was 77 (2024: 63).
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