REGISTERED NUMBER: 02894536 (England and Wales)

MILLSON ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T T Soloducha

Mrs S Soloducha

REGISTERED OFFICE:

Beauchamp House

402-403 Stourport Road

Kidderminster

Worcestershire

DY11 7BG

REGISTERED NUMBER:

02894536 (England and Wales)

FIXED ASSETS

Tangible assets

4

292,541

302,257

CURRENT ASSETS

Stocks

83,897

45,262

Debtors

5

298,332

285,788

Cash at bank and in hand

58

411

382,287

331,461

CREDITORS

Amounts falling due within one year

6

171,254

218,274

NET CURRENT ASSETS

211,033

113,187

TOTAL ASSETS LESS CURRENT LIABILITIES

503,574

415,444

CREDITORS

Amounts falling due after more than one year

7

6,664

26,667

NET ASSETS

496,910

388,777

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

496,810

388,677

SHAREHOLDERS' FUNDS

496,910

388,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 25th November 2025 and were signed on its behalf by:

T T Soloducha - Director

1.	STATUTORY INFORMATION

Millson 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.

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.

Tangible fixed assets

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

Leasehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st March 2024

250,314

236,228

1,692

Additions

-

-

1,295

At 28th February 2025

250,314

236,228

2,987

DEPRECIATION

At 1st March 2024

3,102

206,618

718

Charge for year

-

4,442

454

At 28th February 2025

3,102

211,060

1,172

NET BOOK VALUE

At 28th February 2025

247,212

25,168

1,815

At 29th February 2024

247,212

29,610

974

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st March 2024

258,799

1,137

748,170

Additions

-

-

1,295

At 28th February 2025

258,799

1,137

749,465

DEPRECIATION

At 1st March 2024

234,338

1,137

445,913

Charge for year

6,115

-

11,011

At 28th February 2025

240,453

1,137

456,924

NET BOOK VALUE

At 28th February 2025

18,346

-

292,541

At 29th February 2024

24,461

-

302,257

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

60,770

129,308

Amounts owed by group undertakings

227,405

148,341

Other debtors

4,813

4,813

Prepayments and accrued income

5,344

3,326

298,332

285,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

29,422

45,482

Hire purchase contracts

-

3,328

Trade creditors

58,811

57,307

Amounts owed to group undertakings

14,179

418

Tax

3,265

-

Social security and other taxes

3,199

2,810

VAT

25,776

46,224

Accrued expenses

36,602

62,705

171,254

218,274

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

6,664

26,667

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the year end loans between related companies existed as the below:

As at 28 February 2025 Millson Engineering Limited was owed £49,863 by MV Products Limited (2023 Millson Engineering Limited was owed £8,272 by M.V Products Limited). MV Products is a fellow subsidiary in the group.

As at 28 February 2025 Millson Engineering Limited were owed £177,540.54 by TRS Manufacturing Group Limited (2024 £140,067). TRS Manufacturing Group Limited is the company's holding company.

There is no ultimate controlling party by virtue of no controlling interest in the ultimate parent company.