REGISTERED NUMBER: 08138632 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

McMillans Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Arthur

J A Campbell

REGISTERED OFFICE:

High House Farm

Mill End

Bishop's Stortford

CM22 6PL

REGISTERED NUMBER:

08138632 (England and Wales)

AUDITORS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

148,339

161,293

148,339

161,293

CURRENT ASSETS

Stocks

27,960

26,290

Debtors

6

491,912

494,271

Cash at bank

54,792

69,527

574,664

590,088

CREDITORS

Amounts falling due within one year

7

105,464

139,738

NET CURRENT ASSETS

469,200

450,350

TOTAL ASSETS LESS CURRENT LIABILITIES

617,539

611,643

CREDITORS

Amounts falling due after more than one year

8

(9,008

)

(11,151

)

PROVISIONS FOR LIABILITIES

(30,369

)

(32,308

)

NET ASSETS

578,162

568,184

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

6,874

6,874

Retained earnings

571,287

561,309

578,162

568,184

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 5 August 2026 and were signed on its behalf by:

A Arthur - Director

1.	STATUTORY INFORMATION

McMillans Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2010, is being amortised evenly over its estimated useful life of ten 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 rates calculated to write off the cost less estimated residual value of each asset over their expected useful lives as follows:

Plant and Machinery - at variable rates over 3 - 20 years

Motor Vehicles - at 10% on cost

Fixtures and Fittings - at 10% on cost

Computer Equipment - over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of significant change since the last reporting date.

Stocks

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

Taxation

The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Operating lease payments are recognised as an expense on a straightline basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expenses on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. The assets of the plan are held separately from the company in independently administered funds.

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 and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

50,000

AMORTISATION

At 1 January 2025

and 31 December 2025

50,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

147,592

1,490

108,800

257,882

Additions

9,720

-

-

9,720

Reclassification/transfer

(38,606

)

-

38,606

-

At 31 December 2025

118,706

1,490

147,406

267,602

DEPRECIATION

At 1 January 2025

53,405

1,477

41,707

96,589

Charge for year

7,922

12

14,740

22,674

Reclassification/transfer

(3,217

)

-

3,217

-

At 31 December 2025

58,110

1,489

59,664

119,263

NET BOOK VALUE

At 31 December 2025

60,596

1

87,742

148,339

At 31 December 2024

94,187

13

67,093

161,293

The written down value of tangible fixed assets includes £44,454 (2024 - £49,270) in respect of fixed assets held under hire purchase agreements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

172,108

141,417

Amounts owed by group undertakings

302,387

326,427

Other debtors

17,417

26,427

491,912

494,271

Included in other debtors at 31.12.25 is a balance of £350 (2024 - £9,440) which is repayable in more than one year from the balance sheet date.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,095

15,180

Trade creditors

25,151

56,206

Amounts owed to group undertakings

-

15,129

Taxation and social security

62,489

47,232

Other creditors

8,729

5,991

105,464

139,738

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,008

11,151

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Henderson (Senior Statutory Auditor)

for and on behalf of Henderson & Company

10.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Blue Group Collective Limited, a company registered in England. The registered office of Blue Group Collective Limited is Gallop House, Haslers Lane, Dunmow, CM6 1XS. Blue Group Collective Limited prepare and file group accounts which consolidate the results of all group companies.

Blue Group Collective Limited is a company under the control of Mr & Mrs J. Baker who own 85.63% of the issued share capital and are therefore the ultimate controlling party.