Company Registration No. 03734125 (England and Wales)
Milestone Holdings Limited
Unaudited accounts
for the year ended 28 February 2025
Milestone Holdings Limited
Unaudited accounts
Contents
Milestone Holdings Limited
Company Information
for the year ended 28 February 2025
Company Number
03734125 (England and Wales)
Registered Office
The Spinney
Astley Lane
Nuneaton
Warwickshire
CV10 7PU
UK
Accountants
P J Buffrey Ltd
17 Greens Road
Keresley
Coventry
West Midlands
CV6 2FJ
Milestone Holdings Limited
Statement of financial position
as at 28 February 2025
Tangible assets
566,028
464,371
Cash at bank and in hand
807,526
674,336
Creditors: amounts falling due within one year
(159,370)
(353,802)
Net current assets
804,747
767,667
Total assets less current liabilities
1,370,775
1,232,038
Provisions for liabilities
Deferred tax
(79,007)
(53,593)
Net assets
1,291,768
1,178,445
Called up share capital
1,000
1,000
Revaluation reserve
60,000
60,000
Capital redemption reserve
1,000
1,000
Profit and loss account
1,229,768
1,116,445
Shareholders' funds
1,291,768
1,178,445
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2025 and were signed on its behalf by
R De Mulder
Director
Company Registration No. 03734125
Milestone Holdings Limited
Notes to the Accounts
for the year ended 28 February 2025
Milestone Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 03734125. The registered office is The Spinney, Astley Lane, Nuneaton, Warwickshire, CV10 7PU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 years
Fixtures & fittings
Over 5 years
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Milestone Holdings Limited
Notes to the Accounts
for the year ended 28 February 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
250,000
489,286
9,866
749,152
Additions
-
155,595
19,516
175,111
At 28 February 2025
250,000
644,881
29,382
924,263
At 1 March 2024
-
275,374
9,407
284,781
Charge for the year
-
71,218
2,236
73,454
At 28 February 2025
-
346,592
11,643
358,235
At 28 February 2025
250,000
298,289
17,739
566,028
At 29 February 2024
250,000
213,912
459
464,371
The freehold property was revalued to current market value at 29/02/2016 and 28/02/2018 and 28/02/2022.
Amounts falling due within one year
Amounts due from group undertakings etc.
126,088
440,183
Other debtors
26,568
3,550
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
89,075
175,846
Taxes and social security
(4,575)
25,143
Loans from directors
38,452
116,422
Milestone Holdings Limited
Notes to the Accounts
for the year ended 28 February 2025
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Operating lease commitments
2025
2024
At 28 February 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
22,500
Later than one year and not later than five years
-
90,000
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Transactions with related parties
During the year Milestone Holdings Ltd made charges of £758,000 (2024: £645,000) to Milestone Haulage Ltd for services, a company in which R De Mulder has an interest.
During the year Milestone Holdings Ltd received charges of £12,095 (2024: £45,788) from Milestone Haulage Ltd for goods and services, a company in which R De Mulder has an interest.
At 28th February 2025 a net figure of £126,088 (2024: £440,182) was owed from
Milestone Haulage Ltd. The above transactions were concluded under normal market conditions.
During the year Milestone Holdings Ltd voted dividends of £20,000 (2024: £20,000) to R De Mulder, a director of the company.
The ultimate beneficial owner of the company is Ms R De Mulder by way of a 100% shareholding.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).