REGISTERED NUMBER: 06524204 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Millfields Conveyor Belting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Martin

A J Martin

REGISTERED OFFICE:

2 Station Yard

Swaffham

Norfolk

PE27 7JE

REGISTERED NUMBER:

06524204 (England and Wales)

ACCOUNTANTS:

Aviait Services Ltd

45 Henley Road

Norwich

NR2 3NL

FIXED ASSETS

Intangible assets

4

29,167

41,667

Tangible assets

5

90,822

104,740

119,989

146,407

CURRENT ASSETS

Stocks

122,677

117,578

Debtors

6

836,448

1,015,673

Cash at bank and in hand

784,241

480,309

1,743,366

1,613,560

CREDITORS

Amounts falling due within one year

7

302,133

243,923

NET CURRENT ASSETS

1,441,233

1,369,637

TOTAL ASSETS LESS CURRENT LIABILITIES

1,561,222

1,516,044

CREDITORS

Amounts falling due after more than one year

8

(34,234

)

(46,801

)

PROVISIONS FOR LIABILITIES

(22,705

)

(23,080

)

NET ASSETS

1,504,283

1,446,163

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,503,283

1,445,163

1,504,283

1,446,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 July 2026 and were signed on its behalf by:

Mrs A Martin - Director

A J Martin - Director

1.	STATUTORY INFORMATION

Millfields Conveyor Belting Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

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 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

250,500

AMORTISATION

At 1 December 2024

208,833

Charge for year

12,500

At 30 November 2025

221,333

NET BOOK VALUE

At 30 November 2025

29,167

At 30 November 2024

41,667

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

188,439

Additions

3,970

At 30 November 2025

192,409

DEPRECIATION

At 1 December 2024

83,699

Charge for year

17,888

At 30 November 2025

101,587

NET BOOK VALUE

At 30 November 2025

90,822

At 30 November 2024

104,740

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

194,338

173,517

Amounts owed by associates

635,000

735,000

Other debtors

7,110

107,156

836,448

1,015,673

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

6,671

10,000

Hire purchase contracts

5,896

5,896

Trade creditors

106,342

70,058

Taxation and social security

111,017

116,602

Other creditors

72,207

41,367

302,133

243,923

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

6,671

Hire purchase contracts

34,234

40,130

34,234

46,801

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

A J Martin and Mrs A Martin

Balance outstanding at start of year

(37,550

)

(20,902

)

Amounts repaid

(21,290

)

(16,648

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(58,840

)

(37,550

)