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REGISTERED NUMBER: 07195066 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

MILNER BOARDMAN PARTNERSHIP LIMITED

MILNER BOARDMAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 07195066)

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


MILNER BOARDMAN PARTNERSHIP LIMITED

Company Information
for the year ended 31 March 2023







Directors: H T Brookes
D Brookes





Registered office: 187a Ashley Road
Hale
Altrincham
Manchester
WA15 9SQ





Registered number: 07195066 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MILNER BOARDMAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 07195066)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 5 770,000 880,000
Tangible assets 6 1,352 3,380
771,352 883,380

Current assets
Debtors 7 1,093,806 1,051,206
Cash at bank 43,041 66,527
1,136,847 1,117,733
Creditors
Amounts falling due within one year 8 271,065 269,702
Net current assets 865,782 848,031
Total assets less current liabilities 1,637,134 1,731,411

Creditors
Amounts falling due after more than one
year

9

91,667

154,143
Net assets 1,545,467 1,577,268

Capital and reserves
Called up share capital 11 200 200
Retained earnings 1,545,267 1,577,068
Shareholders' funds 1,545,467 1,577,268

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.

MILNER BOARDMAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 07195066)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2023 and were signed on its behalf by:





D Brookes - Director


MILNER BOARDMAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 07195066)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Milner Boardman Partnership 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. Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

3. Accounting policies

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 11 (2022 - 10 ) .

MILNER BOARDMAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 07195066)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
and 31 March 2023 2,200,000
Amortisation
At 1 April 2022 1,320,000
Charge for year 110,000
At 31 March 2023 1,430,000
Net book value
At 31 March 2023 770,000
At 31 March 2022 880,000

6. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 April 2022 26,932 10,653 37,585
Additions - 1,069 1,069
At 31 March 2023 26,932 11,722 38,654
Depreciation
At 1 April 2022 26,079 8,126 34,205
Charge for year 213 2,884 3,097
At 31 March 2023 26,292 11,010 37,302
Net book value
At 31 March 2023 640 712 1,352
At 31 March 2022 853 2,527 3,380

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 160,344 195,440
Amounts owed by group undertakings 932,752 855,766
Other debtors 710 -
1,093,806 1,051,206

MILNER BOARDMAN PARTNERSHIP LIMITED (REGISTERED NUMBER: 07195066)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 18,105 23,209
Taxation and social security 143,457 143,491
Other creditors 109,503 103,002
271,065 269,702

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 91,667 154,143

10. Secured debts

There is a fixed and floating charge on all the property or undertakings of the company

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
150 Ordinary A Shares £1 150 150
50 Ordinary B Shares £1 50 50
200 200