Registered number
11818088
Milton Grill Ltd
Filleted Accounts
28 February 2023
Milton Grill Ltd
Registered number: 11818088
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,622 3,198
Current assets
Stocks 1,880 1,205
Cash at bank and in hand 599 384
2,479 1,589
Creditors: amounts falling due within one year 4 (26,697) (11,844)
Net current liabilities (24,218) (10,255)
Total assets less current liabilities (21,596) (7,057)
Creditors: amounts falling due after more than one year 5 - (2,500)
Net liabilities (21,596) (9,557)
Capital and reserves
Called up share capital 100 100
Profit and loss account (21,696) (9,657)
Shareholder's funds (21,596) (9,557)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kursat Mikail SASMAZ
Director
Approved by the board on 27 October 2023
Milton Grill Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 March 2022 3,900
At 28 February 2023 3,900
Depreciation
At 1 March 2022 702
Charge for the year 576
At 28 February 2023 1,278
Net book value
At 28 February 2023 2,622
At 28 February 2022 3,198
4 Creditors: amounts falling due within one year 2023 2022
£ £
Overdrafts - 6,593
Corporation tax - 617
Other taxes and social security costs 9,523 1,818
Other creditors 17,174 2,816
26,697 11,844
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 2,500
6 Other information
Milton Grill Ltd is a private company limited by shares and incorporated in England. Its registered office is:
111 High Street
Sittingbourne
Kent
ME10 2AR
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