IRIS Accounts Production v23.3.1.45 04887314 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048873142022-09-30048873142023-09-30048873142022-10-012023-09-30048873142021-09-30048873142021-10-012022-09-30048873142022-09-3004887314ns10:Originalns15:EnglandWales2022-10-012023-09-3004887314ns14:PoundSterlingns10:Original2022-10-012023-09-3004887314ns10:Originalns10:Director12022-10-012023-09-3004887314ns10:Original2022-10-012023-09-3004887314ns10:Original2023-09-3004887314ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3004887314ns10:Originalns10:SmallEntities2022-10-012023-09-3004887314ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3004887314ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3004887314ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3004887314ns10:Originalns10:FullAccounts2022-10-012023-09-3004887314ns10:Original2022-09-3004887314ns10:Originalns5:CurrentFinancialInstruments2023-09-3004887314ns10:Originalns5:CurrentFinancialInstruments2022-09-3004887314ns5:ShareCapitalns10:Original2023-09-3004887314ns5:ShareCapitalns10:Original2022-09-3004887314ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3004887314ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004887314ns10:Originalns10:RegisteredOffice2022-10-012023-09-3004887314ns10:Originalns5:PlantMachinery2022-10-012023-09-3004887314ns10:Originalns5:MotorVehicles2022-10-012023-09-3004887314ns10:Originalns5:ComputerEquipment2022-10-012023-09-3004887314ns10:Original2021-10-012022-09-3004887314ns10:Originalns5:PlantMachinery2022-09-3004887314ns10:Originalns5:MotorVehicles2022-09-3004887314ns10:Originalns5:ComputerEquipment2022-09-3004887314ns10:Original2022-09-3004887314ns10:Originalns5:PlantMachinery2023-09-3004887314ns10:Originalns5:MotorVehicles2023-09-3004887314ns10:Originalns5:ComputerEquipment2023-09-3004887314ns10:Originalns5:PlantMachinery2022-09-3004887314ns10:Originalns5:MotorVehicles2022-09-3004887314ns10:Originalns5:ComputerEquipment2022-09-3004887314ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3004887314ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3004887314ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3004887314ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-09-30
REGISTERED NUMBER: 04887314 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Millennium Motors (Stoke) Limited

Millennium Motors (Stoke) Limited (Registered number: 04887314)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Millennium Motors (Stoke) Limited (Registered number: 04887314)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,706 198

CURRENT ASSETS
Stocks 4,000 2,000
Debtors 5 11,913 489
Cash at bank and in hand 16,222 4,523
32,135 7,012
CREDITORS
Amounts falling due within one year 6 18,384 2,447
NET CURRENT ASSETS 13,751 4,565
TOTAL ASSETS LESS CURRENT LIABILITIES 22,457 4,763

PROVISIONS FOR LIABILITIES 1,654 -
NET ASSETS 20,803 4,763

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,801 4,761
SHAREHOLDERS' FUNDS 20,803 4,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 director and authorised for issue on 20 January 2024 and were signed by:





I K Gould - Director


Millennium Motors (Stoke) Limited (Registered number: 04887314)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Millennium Motors (Stoke) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04887314

Registered office: St. Peters Lodge
North Street
Stoke-on-Trent
Staffs
ST4 7DH

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Millennium Motors (Stoke) Limited (Registered number: 04887314)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 375 - - 375
Additions 2,756 7,000 368 10,124
At 30 September 2023 3,131 7,000 368 10,499
DEPRECIATION
At 1 October 2022 177 - - 177
Charge for year 443 1,050 123 1,616
At 30 September 2023 620 1,050 123 1,793
NET BOOK VALUE
At 30 September 2023 2,511 5,950 245 8,706
At 30 September 2022 198 - - 198

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 9,420 -
Other debtors 2,004 -
11,424 -

Amounts falling due after more than one year:
Other debtors 489 489

Aggregate amounts 11,913 489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,391 -
Taxation and social security 5,862 287
Other creditors 6,131 2,160
18,384 2,447