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Registered Number: 11225681
England and Wales

 

 

 


Filleted Accounts

for the year ended 28 February 2023

for

MILTON DECORATORS LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 6,529    8,386 
6,529    8,386 
Current assets      
Cash at bank and in hand 15,679    25,607 
Creditors: amount falling due within one year 4 (3,127)   (3,992)
Net current assets 12,552    21,615 
 
Total assets less current liabilities 19,081    30,001 
Creditors: amount falling due after more than one year 5 (3,020)   (4,085)
Net assets 16,061    25,916 
 

Capital and reserves
     
Called up share capital 6 1    1 
Profit and loss account 16,060    25,915 
Shareholder's funds 16,061    25,916 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 08 November 2023 and were signed by:


-------------------------------
Francis Laing
Director
1
General Information
Milton Decorators Limited is a private company, limited by shares, registered in England and Wales, registration number 11225681, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Average number of employees


Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 March 2022 15,000    4,235    19,235 
Additions   320    320 
Disposals    
At 28 February 2023 15,000    4,555    19,555 
Depreciation
At 01 March 2022 8,320    2,529    10,849 
Charge for year 1,670    507    2,177 
On disposals    
At 28 February 2023 9,990    3,036    13,026 
Net book values
Closing balance as at 28 February 2023 5,010    1,519    6,529 
Opening balance as at 01 March 2022 6,680    1,706    8,386 


4.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 100   
Corporation Tax 3,027    3,992 
3,127    3,992 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 3,020    4,085 
3,020    4,085 

6.

Share Capital

Authorised
1 Deferred share of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1 Deferred share of £1.00 each  
 

2