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2025-01-31 03704189 dpl:GroupUndertakings 2024-02-01 2025-01-31 03704189 dpl:ParticipatingInterests 2024-02-01 2025-01-31 03704189 dpl:GroupUndertakings core:ListedExchangeTraded 2024-02-01 2025-01-31 03704189 core:ListedExchangeTraded 2024-02-01 2025-01-31 03704189 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-02-01 2025-01-31 03704189 core:UnlistedNon-exchangeTraded 2024-02-01 2025-01-31 03704189 core:NetGoodwill 2026-01-31 03704189 core:IntangibleAssetsOtherThanGoodwill 2026-01-31 03704189 core:LandBuildings 2026-01-31 03704189 core:PlantMachinery 2026-01-31 03704189 core:Vehicles 2026-01-31 03704189 core:FurnitureFittings 2026-01-31 03704189 core:OfficeEquipment 2026-01-31 03704189 core:AfterOneYear 2026-01-31 03704189 core:WithinOneYear 2026-01-31 03704189 core:ListedExchangeTraded 2026-01-31 03704189 core:UnlistedNon-exchangeTraded 2026-01-31 03704189 core:ShareCapital 2026-01-31 03704189 core:SharePremium 2026-01-31 03704189 core:RevaluationReserve 2026-01-31 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MILLETRADE LTD

Registered Number
03704189
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2026

MILLETRADE LTD
Company Information
for the year from 1 February 2025 to 31 January 2026

Director | HOARE, Gary Steven

Registered Address | 1 Gemini Court
| 42a Throwley Way
| Sutton
| SM1 4AF

Registered Number | 03704189 (England and Wales)

MILLETRADE LTD
Statement of Financial Position
31 January 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 13,211 |  |  |  | 15,638
|  |  |  | 13,211 |  |  |  | 15,638
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 214,473 |  |  |  | 160,358 |  |
|  | 214,473 |  |  |  | 160,358 |  |
Creditors amounts falling due within one year | 5 | (146,558) |  |  |  | (147,048) |  |
Net current assets (liabilities) |  |  |  | 67,915 |  |  |  | 13,310
Total assets less current liabilities |  |  |  | 81,126 |  |  |  | 28,948
Creditors amounts falling due after one year | 6 |  |  | (18,518) |  |  |  | (24,074)
Provisions for liabilities | 7 |  |  | (7,288) |  |  |  | (3,910)
Net assets |  |  |  | 55,320 |  |  |  | 964
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  | 55,318 |  |  |  | 962
Shareholders' funds |  |  |  | 55,320 |  |  |  | 964

- The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 13 July 2026, and are signed on its behalf by:
HOARE, Gary Steven Director Registered Company No. 03704189

MILLETRADE LTD
Notes to the Financial Statements
for the year ended 31 January 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Vehicles | 25
| Office Equipment | 25

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 4 |  | 4

3. | Tangible fixed assets
--- | ---

|  | Vehicles |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 February 25 | 34,243 |  | 2,048 |  | 36,291
| Additions | 12,083 |  | - |  | 12,083
| Disposals | (22,068) |  | - |  | (22,068)
| At 31 January 26 | 24,258 |  | 2,048 |  | 26,306
| Depreciation and impairment
| At 01 February 25 | 19,296 |  | 1,357 |  | 20,653
| Charge for year | 4,231 |  | 173 |  | 4,404
| On disposals | (11,962) |  | - |  | (11,962)
| At 31 January 26 | 11,565 |  | 1,530 |  | 13,095
| Net book value
| At 31 January 26 | 12,693 |  | 518 |  | 13,211
| At 31 January 25 | 14,947 |  | 691 |  | 15,638

4. | Debtors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 133,833 |  | 134,440
| Other debtors | 73,738 |  | 13,502
| Prepayments and accrued income | 6,902 |  | 12,416
| Total | 214,473 |  | 160,358

5. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 93,352 |  | 71,139
| Bank borrowings and overdrafts | 29,523 |  | 25,994
| Taxation and social security | 14,422 |  | 42,310
| Other creditors | 4,743 |  | 3,395
| Accrued liabilities and deferred income | 4,518 |  | 4,210
| Total | 146,558 |  | 147,048

6. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 18,518 |  | 24,074
| Total | 18,518 |  | 24,074

7. | Provisions for liabilities
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 3,303 |  | 3,910
| Other provisions | 3,985 |  | -
| Total | 7,288 |  | 3,910

8. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| HOARE, Gary Steven | 0 |  | 62,741 |  | 0 |  | 62,741
|  | 0 |  | 62,741 |  | 0 |  | 62,741

| The director's loan balance was repaid in full within 9 months of the balance sheet date.

9. | Further information regarding the company's financial position
--- | ---
| The following secured debts are included within Creditors: Bank Overdraft £23,968 (2026), £20,439 (2025) The company's liabilities to Barclays Bank are secured by way of fixed and floating charges on the company's assets.