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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
Page
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Milbury Development Company Limited Company Information for the period from 1 January 2023 to 31 July 2023
Director
P Berkely
Company Number
03615177 (England and Wales)
Registered Office
432 GLOUCESTER ROAD HORSFIELD BRISTOL BS7 8TV
Accountants
Evans Entwistle 432 Gloucester Rd Bristol BS7 8TX
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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
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Milbury Development Company Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
41,044 
Current assets
Debtors
- 
70,069 
Cash at bank and in hand
149 
21,767 
149 
91,836 
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 
Capital and reserves
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
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Milbury Development Company Limited Notes to the Accounts for the period from 1 January 2023 to 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 31 July 2023
- 
- 
- 
- 
Depreciation
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 July 2023
- 
- 
- 
- 
Net book value
At 31 July 2023
- 
- 
- 
- 
At 31 December 2022
39,584 
- 
1,460 
41,044 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,000 
Other debtors
- 
66,975 
- 
69,975 
Amounts falling due after more than one year
Other debtors
- 
94 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
15,709 
Taxes and social security
3,890 
3,931 
Loans from directors
37,196 
- 
41,086 
19,640 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
113,000 
8
Share capital
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).
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