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REGISTERED NUMBER: 12800659 (England and Wales)





















MILLBROOK BUSINESS FINANCE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


MILLBROOK BUSINESS FINANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: J D Amos





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 12800659 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,179 -
Tangible assets 5 168,689 80,038
220,868 80,038

CURRENT ASSETS
Debtors 6 67,704 42,815
Cash at bank 938,824 373,215
1,006,528 416,030
CREDITORS
Amounts falling due within one year 7 281,238 158,444
NET CURRENT ASSETS 725,290 257,586
TOTAL ASSETS LESS CURRENT LIABILITIES 946,158 337,624

CREDITORS
Amounts falling due after more than one
year

8

(485,468

)

(48,792

)

PROVISIONS FOR LIABILITIES (42,171 ) (15,207 )
NET ASSETS 418,519 273,625

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 418,419 273,525
SHAREHOLDERS' FUNDS 418,519 273,625

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.

MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2024 and were signed by:





J D Amos - Director


MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Millbrook Business Finance Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website 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 - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.


MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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
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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 53,448
At 30 September 2023 53,448
AMORTISATION
Charge for year 1,269
At 30 September 2023 1,269
NET BOOK VALUE
At 30 September 2023 52,179

MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 920 - 69,412 30,687 101,019
Additions - 18,447 100,950 22,405 141,802
At 30 September 2023 920 18,447 170,362 53,092 242,821
DEPRECIATION
At 1 October 2022 128 - 8,677 12,176 20,981
Charge for year 306 5,820 31,963 15,062 53,151
At 30 September 2023 434 5,820 40,640 27,238 74,132
NET BOOK VALUE
At 30 September 2023 486 12,627 129,722 25,854 168,689
At 30 September 2022 792 - 60,735 18,511 80,038

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,253 -
Other debtors 56,236 42,556
VAT - 259
Prepayments and accrued income 10,215 -
67,704 42,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,333 -
Other loans 54,420 -
Hire purchase contracts 27,942 8,647
Corporation tax 64,158 47,626
Social security and other taxes 40,304 36,652
VAT 34,671 -
Other creditors 3,600 2,017
Directors' current accounts 22,810 63,502
281,238 158,444

MILLBROOK BUSINESS FINANCE LTD (REGISTERED NUMBER: 12800659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 150,000 -
Other loans - 2-5 years 221,275 -
Hire purchase contracts 114,193 48,792
485,468 48,792

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100