Company Registration No. 03615177 (England and Wales)
Milbury Development Company Limited
Unaudited accounts
for the period from 1 January 2023 to 31 July 2023
Milbury Development Company Limited
Unaudited accounts
Contents
Milbury Development Company Limited
Company Information
for the period from 1 January 2023 to 31 July 2023
Company Number
03615177 (England and Wales)
Registered Office
432 GLOUCESTER ROAD
HORSFIELD
BRISTOL
BS7 8TV
Accountants
Evans Entwistle
432 Gloucester Rd
Bristol
BS7 8TX
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Milbury Development Company Limited
for the period from 1 January 2023 to 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Milbury Development Company Limited for the period from 1 January 2023 to 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
432 Gloucester Rd
Bristol
BS7 8TX
29 August 2023
Milbury Development Company Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
149
21,767
Creditors: amounts falling due within one year
(41,086)
(19,640)
Net current (liabilities)/assets
(40,937)
72,196
Total assets less current liabilities
(40,937)
113,240
Creditors: amounts falling due after more than one year
-
(113,000)
Net (liabilities)/assets
(40,937)
240
Called up share capital
100
100
Profit and loss account
(41,037)
140
Shareholders' funds
(40,937)
240
For the period ending 31 July 2023 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 his 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 29 August 2023 and were signed on its behalf by
P Berkely
Director
Company Registration No. 03615177
Milbury Development Company Limited
Notes to the Accounts
for the period from 1 January 2023 to 31 July 2023
Milbury Development Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03615177. The registered office is 432 GLOUCESTER ROAD, HORSFIELD, BRISTOL, BS7 8TV.
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 period, 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:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
33% straight line
Milbury Development Company Limited
Notes to the Accounts
for the period from 1 January 2023 to 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
64,800
72,815
27,376
164,991
Disposals
(64,800)
(72,815)
(27,376)
(164,991)
At 1 January 2023
25,216
72,815
25,916
123,947
Charge for the period
1,316
-
380
1,696
On disposals
(26,532)
(72,815)
(26,296)
(125,643)
At 31 December 2022
39,584
-
1,460
41,044
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,890
3,931
Loans from directors
37,196
-
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).