Mills Pyatt Limited - Filleted accounts

Registered number

01924986

Mills Pyatt Limited

Filleted Accounts

31 March 2026

Mills Pyatt Limited
Registered number:		01924986
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		28,677			3,971
Investments	4		25			25
			28,702			3,996

Current assets
Debtors	5	1,267,118			1,263,260
Cash at bank and in hand		165,052			211,973
		1,432,170			1,475,233

Creditors: amounts falling due within one year	6	(160,307)			(191,431)

Net current assets			1,271,863			1,283,802

Total assets less current liabilities			1,300,565			1,287,798

Creditors: amounts falling due after more than one year	7		(70,000)			(160,000)



Net assets			1,230,565			1,127,798

Capital and reserves
Called up share capital			2,000			2,000
Profit and loss account			1,228,565			1,125,798

Shareholders' funds			1,230,565			1,127,798

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C G Thomson
Director
Approved by the board on 10 September 2026

Mills Pyatt Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over 10 years
	IT equipment			over 3 years
	Office equipment			over 5 years

	Investments
	Investments in subsidiaries and associates are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					10		10


3	Tangible fixed assets
		Leasehold improvements		IT equipment		Office equipment		Total
£			£		£		£
	Cost
	At 1 April 2025	-		4,479		-		4,479
	Additions	8,313		10,074		10,645		29,032
	At 31 March 2026	8,313		14,553		10,645		33,511

	Depreciation
	At 1 April 2025	-		508		-		508
	Charge for the year	510		3,037		779		4,326
	At 31 March 2026	510		3,545		779		4,834

	Net book value
	At 31 March 2026	7,803		11,008		9,866		28,677
	At 31 March 2025	-		3,971		-		3,971


4	Investments

Other
investments
£
	Cost
	At 1 April 2025							25

	At 31 March 2026							25


5	Debtors					2026		2025
£							£

	Trade debtors					202,211		197,067
	Other debtors					1,064,907		1,066,193
						1,267,118		1,263,260


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					11,864		5,719
	Taxation and social security costs					147,231		183,794
	Other creditors					1,212		1,918
						160,307		191,431


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Non-equity preference shares					70,000		160,000


8	Controlling party

	No individual shareholder had control over the company during the period.


9	Other information

	Mills Pyatt Limited is a private company limited by shares and incorporated in England. Its registered office is:
	11 Kingfisher Business Park
	Arthur Street, Lakeside
	Redditch
	Worcestershire
	B98 8LG