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REGISTERED NUMBER: 07266500 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 June 2022

for

MILLCRAFT ENGINEERING LTD

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)






Contents of the Financial Statements
for the year ended 30 JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLCRAFT ENGINEERING LTD

Company Information
for the year ended 30 JUNE 2022







DIRECTORS: Mr P M Trethowan
Mrs A G Trethowan





REGISTERED OFFICE: 4 Burywell Road
Wellingborough
Northamptonshire
NN8 4GB





REGISTERED NUMBER: 07266500 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Balance Sheet
30 JUNE 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,572 28,600

CURRENT ASSETS
Debtors 5 46,353 57,293
Cash at bank 277,085 215,821
323,438 273,114
CREDITORS
Amounts falling due within one year 6 73,769 78,701
NET CURRENT ASSETS 249,669 194,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,241

223,013

PROVISIONS FOR LIABILITIES 4,099 5,434
NET ASSETS 267,142 217,579

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 267,042 217,479
SHAREHOLDERS' FUNDS 267,142 217,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Balance Sheet - continued
30 JUNE 2022


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2022 and were signed on its behalf by:





Mr P M Trethowan - Director


MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Notes to the Financial Statements
for the year ended 30 JUNE 2022

1. STATUTORY INFORMATION

Millcraft Engineering Ltd 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.
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 3 (2021 - 3 ) .

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Notes to the Financial Statements - continued
for the year ended 30 JUNE 2022

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2021 7,976 2,229 38,381 2,072 50,658
Disposals (158 ) - - - (158 )
At 30 June 2022 7,818 2,229 38,381 2,072 50,500
DEPRECIATION
At 1 July 2021 6,282 1,885 13,049 842 22,058
Charge for year 328 69 6,333 246 6,976
Eliminated on disposal (106 ) - - - (106 )
At 30 June 2022 6,504 1,954 19,382 1,088 28,928
NET BOOK VALUE
At 30 June 2022 1,314 275 18,999 984 21,572
At 30 June 2021 1,694 344 25,332 1,230 28,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 40,330 50,044
Other debtors 6,023 7,249
46,353 57,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 5,429 11,054
Taxation and social security 42,881 44,013
Other creditors 25,459 23,634
73,769 78,701

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100