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REGISTERED NUMBER: 02260180 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PETER MILLARD & PARTNERS LIMITED

PETER MILLARD & PARTNERS LIMITED (REGISTERED NUMBER: 02260180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER MILLARD & PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: P J Millard





REGISTERED OFFICE: 13 Hursley Road
Chandlers Ford
Eastleigh
SO53 2FW





REGISTERED NUMBER: 02260180 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
13 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

PETER MILLARD & PARTNERS LIMITED (REGISTERED NUMBER: 02260180)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,158 8,736

CURRENT ASSETS
Stocks 5,400 5,510
Debtors 5 1,289,614 419,022
Cash at bank and in hand 7,059,839 3,230,316
8,354,853 3,654,848
CREDITORS
Amounts falling due within one year 6 7,485,729 3,108,587
NET CURRENT ASSETS 869,124 546,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,282

554,997

PROVISIONS FOR LIABILITIES 2,345 1,660
NET ASSETS 877,937 553,337

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 867,937 543,337
SHAREHOLDERS' FUNDS 877,937 553,337

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





P J Millard - Director


PETER MILLARD & PARTNERS LIMITED (REGISTERED NUMBER: 02260180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Peter Millard & Partners 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
Turnover represents income derived from the company's principal activity, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Sales invoiced in advance
Any payment received from a customer in advance of performance is recognised as a liability and included in other creditors equal to the amount received, representing its obligation under the contract. When the company obtains the right to consideration through its performance, that liability is reduced and the amount of the reduction in the liability is simultaneously recognised as income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

PETER MILLARD & PARTNERS LIMITED (REGISTERED NUMBER: 02260180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 6,831 61,450 68,281
Additions - 7,141 7,141
At 31 July 2023 6,831 68,591 75,422
DEPRECIATION
At 1 August 2022 5,857 53,688 59,545
Charge for year 594 4,125 4,719
At 31 July 2023 6,451 57,813 64,264
NET BOOK VALUE
At 31 July 2023 380 10,778 11,158
At 31 July 2022 974 7,762 8,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 817,626 53,534
Other debtors 471,988 365,488
1,289,614 419,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 264,862 96,475
Taxation and social security 86,526 23,612
Other creditors 7,134,341 2,988,500
7,485,729 3,108,587

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
P J Millard
Balance outstanding at start of year (530 ) (6,144 )
Amounts advanced 15,050 13,299
Amounts repaid - (7,685 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,520 (530 )

The loan carries interest at the official rate and is repayable on demand. Interest of £62.80 (2022 - NIL) was charged on the overdrawn loan account during the year.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Millard.