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REGISTERED NUMBER: 05219932 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Millennium Motorcycles Ltd

Millennium Motorcycles Ltd (Registered number: 05219932)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millennium Motorcycles Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: I D Kitts





REGISTERED OFFICE: 43 Lakeside
Aberdare
Mid Glamorgan
CF44 8AX





REGISTERED NUMBER: 05219932 (England and Wales)





ACCOUNTANTS: C Hergest Ltd
AAT Licensed Accountant
28 High Street
Aberdare
RCT
CF44 7AA

Millennium Motorcycles Ltd (Registered number: 05219932)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,355 178,852

CURRENT ASSETS
Debtors 5 11,941 17,936
Cash at bank and in hand 165,177 101,092
177,118 119,028
CREDITORS
Amounts falling due within one year 6 44,169 56,460
NET CURRENT ASSETS 132,949 62,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,304

241,420

CREDITORS
Amounts falling due after more than one
year

7

43,015

18,218
NET ASSETS 230,289 223,202

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 230,288 223,201
SHAREHOLDERS' FUNDS 230,289 223,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

Millennium Motorcycles Ltd (Registered number: 05219932)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

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





I D Kitts - Director


Millennium Motorcycles Ltd (Registered number: 05219932)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Millennium Motorcycles 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.

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.

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 - 20% on cost
Computer equipment - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 333,945 459 334,404
Additions 70,545 - 70,545
Disposals (234,954 ) - (234,954 )
At 31 October 2023 169,536 459 169,995
DEPRECIATION
At 1 November 2022 155,279 273 155,552
Charge for year 28,484 91 28,575
Eliminated on disposal (154,487 ) - (154,487 )
At 31 October 2023 29,276 364 29,640
NET BOOK VALUE
At 31 October 2023 140,260 95 140,355
At 31 October 2022 178,666 186 178,852

Millennium Motorcycles Ltd (Registered number: 05219932)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 11,941 17,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 12,290 15,616
Social security and other taxes - 4,986
VAT 18,534 4,600
Directors' current accounts 7,666 20,826
Accrued expenses 5,679 10,432
44,169 56,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 43,015 18,218

8. RESERVES
Retained
earnings
£   

At 1 November 2022 223,201
Profit for the year 14,587
Dividends (7,500 )
At 31 October 2023 230,288