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REGISTERED NUMBER: 06040652 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Mills and Spenceley Limited

Mills and Spenceley Limited (Registered number: 06040652)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mills and Spenceley Limited

Company Information
for the Year Ended 31st January 2024







DIRECTOR: D Swithenbank





SECRETARY:





REGISTERED OFFICE: 265 Selby Road
Leeds
West Yorkshire
LS15 7JR





REGISTERED NUMBER: 06040652 (England and Wales)





ACCOUNTANTS: Accountants for Small Business Ltd
48 Kirkfield Lane
Thorner
Leeds
West Yorkshire
LS14 3EP

Mills and Spenceley Limited (Registered number: 06040652)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 21,563 -
Investments 6 2,000 2,000
23,563 2,000

CURRENT ASSETS
Debtors 7 7,965 11,771
Cash at bank and in hand 132,851 119,818
140,816 131,589
CREDITORS
Amounts falling due within one year 8 15,858 18,655
NET CURRENT ASSETS 124,958 112,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,521

114,934

CREDITORS
Amounts falling due after more than one
year

9

(42,459

)

(32,543

)

PROVISIONS FOR LIABILITIES (4,246 ) -
NET ASSETS 101,816 82,391

CAPITAL AND RESERVES
Called up share capital 23,040 23,040
Retained earnings 78,776 59,351
SHAREHOLDERS' FUNDS 101,816 82,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

Mills and Spenceley Limited (Registered number: 06040652)

Balance Sheet - continued
31st January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th February 2024 and were signed by:





D Swithenbank - Director


Mills and Spenceley Limited (Registered number: 06040652)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Mills and Spenceley 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. 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.

Turnover
Revenue 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 2018, is being amortised evenly over its estimated useful life of three years.

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 etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
Contributions have been made to directors' personal pension schemes and charged to profit or loss in the period to which they relate.

Mills and Spenceley Limited (Registered number: 06040652)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023 30,884
Disposals (30,884 )
At 31st January 2024 -
AMORTISATION
At 1st February 2023 30,884
Eliminated on disposal (30,884 )
At 31st January 2024 -
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st February 2023 2,684
Additions 25,506
At 31st January 2024 28,190
DEPRECIATION
At 1st February 2023 2,684
Charge for year 3,943
At 31st January 2024 6,627
NET BOOK VALUE
At 31st January 2024 21,563

6. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1st February 2023
and 31st January 2024 2,000

Mills and Spenceley Limited (Registered number: 06040652)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,965 11,771

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,990 3,479
Taxation and social security 11,068 13,496
Other creditors 1,800 1,680
15,858 18,655

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 42,459 32,543