Contract Services (Millenium) Limited - Accounts to registrar (filleted) - small 18.2
Contract Services (Millenium) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Contract Services (Millenium) Limited |
Unaudited Financial Statements |
for the Year Ended 30 September 2021 |
Contract Services (Millenium) Limited (Registered number: 05211504) |
Contents of the Financial Statements |
for the year ended 30 September 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Contract Services (Millenium) Limited |
Company Information |
for the year ended 30 September 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Contract Services (Millenium) Limited (Registered number: 05211504) |
Balance Sheet |
30 September 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
Contract Services (Millenium) Limited (Registered number: 05211504) |
Notes to the Financial Statements |
for the year ended 30 September 2021 |
1. | STATUTORY INFORMATION |
Contract Services (Millenium) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The amounts in the financial statements have been rounded to the nearest £1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Government grants |
The CJRS and any other COVID 19 related grants are government grants accounted for under the accruals model. Where the grant is classed as revenue, it is recognised as income on a systematic basis over the periods in which the company recognises the related costs. |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. |
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. |
Contract Services (Millenium) Limited (Registered number: 05211504) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2021 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
Due from related parties | 3,674,282 | 3,261,801 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
Other creditors |
Due to related parties | 1,963,297 | 2,180,175 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
7. | SECURED DEBTS |
There is a cross guarantee and debenture between Contract Services (Millennium) Limited, Ruttle Group Limited, Groco HR Holdco Limited, Ruttle Plant Hire Limited, Birmingham Civils & Construction Limited, Ruttle Contracting Limited, Ruttle Plant (Midlands) Limited, Ruttle Plant (North East) Limited and Ruttle Heavy Haulage Limited dated 18 May 2021. |
There is also a cross guarantee and debenture between Blackthorn Estates Limited, Contract Services (Millennium) Limited, Ruttle Plant Holdings Limited, Ruttle Construction Limited, Ruttle Plant (Birmingham) Limited, Ruttle Plant (Midlands) Limited, Ruttle Plant (North East) Limited, dated 11 March 2016. |
Contract Services (Millenium) Limited (Registered number: 05211504) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2021 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary | £1 | 3 | 3 |
9. | RELATED PARTY DISCLOSURES |
The following companies are all related to Contract Services (Millenium) Limited by common control. |
During the year sales of £317,545 (2020: £266,714) and purchases of £10,000 were made to/from Ruttle Plant (Holdings) Limited. At the year end the balance owed to Ruttle Plant (Holdings) Limited was £1,963,297 (2020: £1,998,742). |
During the year sales of £Nil (2020: £386,256) were made to Ruttle Plant (Birmingham) Limited. At the year end the balance owed from Ruttle Plant (Birmingham) Limited was £1,879,658 (2020: £1,879,658). |
During the year sales of £4,426,844 (2020: £3,406,962) were made to Ruttle Plant Hire Limited. At the year end the balance owed by Ruttle Plant Hire Limited was £1,760,411 (2020: £1,073,112). |
During the year sales of £255,484 (2020: £159,827) were made to Ruttle Contracting Limited. At the year end the balance owed by Ruttle Contracting Limited was £22,285 (2020: £147,598). |
During the year payments totalling £20,000 were made to Ruttle Plant (Midlands) Limited. At the year end the balance owed to Ruttle Plant (Midlands) Limited was £Nil (2020: £20,000). |
In the opinion of the directors the company is controlled by the directors who owned the majority of the share capital through the entire year and the prior year. |