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REGISTERED NUMBER: 07739858 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MILLED LEAD SUPPLIES LTD

MILLED LEAD SUPPLIES LTD (REGISTERED NUMBER: 07739858)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLED LEAD SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: K Smith





REGISTERED OFFICE: Units 6 and 7, 28-29 Harrison Close
South Wigston
Leicestershire
LE18 4ZL





REGISTERED NUMBER: 07739858 (England and Wales)





ACCOUNTANTS: TC SEM Limited
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

MILLED LEAD SUPPLIES LTD (REGISTERED NUMBER: 07739858)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 185

CURRENT ASSETS
Stocks 12,930 41,021
Debtors 5 104,678 112,030
Cash at bank and in hand 1,599 80,741
119,207 233,792
CREDITORS
Amounts falling due within one year 6 79,265 149,582
NET CURRENT ASSETS 39,942 84,210
TOTAL ASSETS LESS CURRENT LIABILITIES 39,942 84,395

CREDITORS
Amounts falling due after more than
one year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES - (35 )
NET ASSETS 18,275 52,693

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 18,265 52,683
18,275 52,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MILLED LEAD SUPPLIES LTD (REGISTERED NUMBER: 07739858)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 23 August 2023 and were signed by:





K Smith - Director


MILLED LEAD SUPPLIES LTD (REGISTERED NUMBER: 07739858)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Milled Lead Supplies 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 - 25% on cost
Computer equipment - 25% 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.

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 (2022 - 4 ) .

MILLED LEAD SUPPLIES LTD (REGISTERED NUMBER: 07739858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 8,150 4,767 12,917
DEPRECIATION
At 1 April 2022 8,150 4,582 12,732
Charge for year - 185 185
At 31 March 2023 8,150 4,767 12,917
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - 185 185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,755 60,300
Other debtors 98,923 51,730
104,678 112,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 62,154 125,373
Taxation and social security 5,511 12,409
Other creditors 1,600 1,800
79,265 149,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

MILLED LEAD SUPPLIES LTD (REGISTERED NUMBER: 07739858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
K Smith
Balance outstanding at start of year 50,610 57,106
Amounts advanced 66,440 54,055
Amounts repaid (45,000 ) (60,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,050 50,610