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REGISTERED NUMBER: 11149461 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

MILLARD ELECTRICAL CONTRACTORS LTD

MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLARD ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: N A Millard





REGISTERED OFFICE: 134 Whitemoor Lane
Belper
Derbyshire
DE56 0HH





REGISTERED NUMBER: 11149461 (England and Wales)






MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,381 23,528

CURRENT ASSETS
Debtors 5 14,654 11,207
Cash at bank 1,921 4,364
16,575 15,571
CREDITORS
Amounts falling due within one year 6 24,438 20,061
NET CURRENT LIABILITIES (7,863 ) (4,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,518

19,038

CREDITORS
Amounts falling due after more than one year 7 14,444 18,160
NET ASSETS 74 878

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 73 877
74 878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

BALANCE SHEET - continued
31ST JANUARY 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 22nd October 2023 and were signed by:





N A Millard - Director


MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. STATUTORY INFORMATION

Millard Electrical Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 10% 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.

MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022 34,360
Additions 1,880
At 31st January 2023 36,240
DEPRECIATION
At 1st February 2022 10,832
Charge for year 3,027
At 31st January 2023 13,859
NET BOOK VALUE
At 31st January 2023 22,381
At 31st January 2022 23,528

MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st January 2023 15,500
DEPRECIATION
At 1st February 2022 7,435
Charge for year 807
At 31st January 2023 8,242
NET BOOK VALUE
At 31st January 2023 7,258
At 31st January 2022 8,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,654 11,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,969 3,922
Hire purchase contracts 265 3,097
Taxation and social security 16,606 12,441
Other creditors 598 601
24,438 20,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,444 18,160

MILLARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11149461)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,555 7,777

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,776 3,194

The director has provided a personal guarantee over the loan.

9. ULTIMATE CONTROLLING PARTY

The controlling party is N A Millard.