Mill Construction (East Anglia) Ltd

Mill Construction (East Anglia) Ltd
Director's Report
For the year ended 31 March 2026

Director's report and financial statements

The director presents his annual report and the financial statements for the year ended 31 March 2026.

Principal activities

The company's principal activity during the year continued to be property maintenance,

improvements and building work.

Director

The director who served the company throughout the year was as follows:

David Roy Fairs

Statement of director's responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
David Roy Fairs
Director

Date approved: 09 September 2026

Registered Number: 04013698 Mill Construction (East Anglia) Ltd
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	31,343	39,528
		31,343	39,528
Current assets
Stocks	4	1,235,298	1,235,298
Debtors	5	42,739	19,152
Cash at bank and in hand		77,618	64,704
		1,355,655	1,319,154
Creditors: amount falling due within one year	6	(1,312,038)	(1,279,346)
Net current assets		43,617	39,808

Total assets less current liabilities		74,960	79,336
Creditors: amount falling due after more than one year	7	(6,200)	(18,836)
Provisions for liabilities	8	(7,836)	(7,510)
Net assets		60,924	52,990

Capital and reserves
Called up share capital		110	110
Profit and loss account		60,814	52,880
Shareholders' funds		60,924	52,990

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 09 September 2026 and were signed by:

-------------------------------
David Roy Fairs
Director

Mill Construction (East Anglia) Ltd
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Mill Construction (East Anglia) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04013698, registration address Woodheyes, Purdis Avenue, Ipswich, IP3 8UE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

25%

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 8 (2025 : 7).

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 April 2025	165,453	165,453
Additions	2,226	2,226
Disposals	-	-
At 31 March 2026	167,679	167,679
Depreciation
At 01 April 2025	125,925	125,925
Charge for year	10,411	10,411
On disposals	-	-
At 31 March 2026	136,336	136,336
Net book values
Closing balance as at 31 March 2026	31,343	31,343
Opening balance as at 01 April 2025	39,528	39,528

The net book value of Motor Vehicles includes £ 14,552 (2025 £19,403) in respect of assets leased under finance leases or hire purchase contracts.

Stocks

	2026 £		2025 £
Stocks	1,235,298		1,235,298
	1,235,298		1,235,298

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	38,466	13,890
Prepayments & Accrued Income	4,273	5,262
	42,739	19,152

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	14,157	17,183
Bank Loans & Overdrafts	5,947	10,000
Corporation Tax	18,252	5,873
PAYE & Social Security	6,840	5,746
Accrued Expenses	4,075	8,073
Obligations under HP/Financial Leases	6,803	6,170
Other creditors	642,819	642,742
Directors' Current Accounts	565,681	550,136
VAT	47,464	33,423
	1,312,038	1,279,346

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts	-	5,833
Obligations Under HP/Financial Leases	6,200	13,003
	6,200	18,836

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	7,836		7,510
	7,836		7,510

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2026 £		2025 £		2026 £		2025 £
David Fairs	-		-		(565,681)		(550,136)


Registered Number: 04013698
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2026
for
MILL CONSTRUCTION (EAST ANGLIA) LTD