2022-04-012023-03-312023-03-31false04517317MILESTONE FP 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MILESTONE FP LTD

Registered Number
04517317
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MILESTONE FP LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

EVANS, Nicholas
HEATH, Joanne
HEATH, Michael

Registered Address

91-97 Saltergate
Chesterfield
S40 1LA

Place of Business

Unit D

Dunston Court

Dunston Road

Chesterfield

S41 8NL


Registered Number

04517317 (England and Wales)
MILESTONE FP LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5100,14944,145
100,14944,145
Current assets
Cash at bank and on hand121,136177,046
121,136177,046
Creditors amounts falling due within one year(57,207)(72,273)
Net current assets (liabilities)63,929104,773
Total assets less current liabilities164,078148,918
Creditors amounts falling due after one year(25,897)(33,664)
Provisions for liabilities(19,028)(4,353)
Net assets119,153110,901
Capital and reserves
Called up share capital100100
Profit and loss account119,053110,801
Shareholders' funds119,153110,901
The financial statements were approved and authorised for issue by the Board of Directors on 24 October 2023, and are signed on its behalf by:
EVANS, Nicholas
Director
Registered Company No. 04517317
MILESTONE FP LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year1110
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 2262,695
Additions60,440
At 31 March 23122,420
Depreciation and impairment
At 01 April 2218,550
Charge for year4,436
At 31 March 2322,271
Net book value
At 31 March 23100,149
At 31 March 2244,145