IRIS Accounts Production v23.1.0.753 04713605 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure047136052022-03-31047136052023-03-31047136052022-04-012023-03-31047136052021-03-31047136052021-04-012022-03-31047136052022-03-3104713605ns15:EnglandWales2022-04-012023-03-3104713605ns14:PoundSterling2022-04-012023-03-3104713605ns10:Director12022-04-012023-03-3104713605ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104713605ns10:SmallEntities2022-04-012023-03-3104713605ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104713605ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104713605ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104713605ns10:FullAccounts2022-04-012023-03-310471360512022-04-012023-03-3104713605ns10:Director22022-04-012023-03-3104713605ns10:RegisteredOffice2022-04-012023-03-3104713605ns5:CurrentFinancialInstruments2023-03-3104713605ns5:CurrentFinancialInstruments2022-03-3104713605ns5:ShareCapital2023-03-3104713605ns5:ShareCapital2022-03-3104713605ns5:RetainedEarningsAccumulatedLosses2023-03-3104713605ns5:RetainedEarningsAccumulatedLosses2022-03-3104713605ns5:NetGoodwill2022-04-012023-03-3104713605ns5:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104713605ns5:PlantMachinery2022-04-012023-03-3104713605ns5:NetGoodwill2022-03-3104713605ns5:NetGoodwill2023-03-3104713605ns5:NetGoodwill2022-03-3104713605ns5:PlantMachinery2022-03-3104713605ns5:PlantMachinery2023-03-3104713605ns5:PlantMachinery2022-03-3104713605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104713605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 04713605 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Miltec Digital Limited

Miltec Digital Limited (Registered number: 04713605)






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


Miltec Digital Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Dr B G Henshaw
B S Gorniak





REGISTERED OFFICE: The Mews Winnington Hall
Winnington
Northwich
Cheshire
CW8 4DU





REGISTERED NUMBER: 04713605 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Miltec Digital Limited (Registered number: 04713605)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,852 1,301
1,852 1,301

CURRENT ASSETS
Debtors 6 24,504 22,066
Cash at bank 12,407 12,453
36,911 34,519
CREDITORS
Amounts falling due within one year 7 27,669 21,510
NET CURRENT ASSETS 9,242 13,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,094

14,310

PROVISIONS FOR LIABILITIES 352 247
NET ASSETS 10,742 14,063

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 5,742 9,063
SHAREHOLDERS' FUNDS 10,742 14,063

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 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.

Miltec Digital Limited (Registered number: 04713605)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Dr B G Henshaw - Director


Miltec Digital Limited (Registered number: 04713605)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Miltec Digital 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Miltec Digital Limited (Registered number: 04713605)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 2,858
Additions 1,013
At 31 March 2023 3,871
DEPRECIATION
At 1 April 2022 1,557
Charge for year 462
At 31 March 2023 2,019
NET BOOK VALUE
At 31 March 2023 1,852
At 31 March 2022 1,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 16,621 14,183
Other debtors 7,883 7,883
24,504 22,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 22,928 18,121
Other creditors 4,741 3,389
27,669 21,510

Miltec Digital Limited (Registered number: 04713605)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £26,000 (2022 - £48,900) were paid to the directors .