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Registered Number: 11778576
England & Northern Ireland

 

 

 

MILLENNIUM DIGITAL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 June 2023.
Principal activities
Principal activity of the company during the financial  year was Information technology consultancy activities
Directors
The directors who served the company throughout the year were as follows:
Rutu Shah
Shalabh Malviya
Manish Shah
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Rutu Shah
Director

Date approved: 11 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 215    309 
215    309 
Current assets      
Debtors 4 67,856    17,649 
Cash at bank and in hand 1,539    1,538 
69,395    19,187 
Creditors: amount falling due within one year 5 (69,615)   (3,945)
Net current liabilities (220)   15,242 
 
Total assets less current liabilities (5)   15,551 
Net liabilities (5)   15,551 
 

Capital and reserves
     
Called up share capital 6 5    5 
Profit and loss account (10)   15,546 
Shareholder's funds (5)   15,551 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 11 March 2024 and were signed on its behalf by:


-------------------------------
Rutu Shah
Director
2
General Information
Millennium Digital Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 11778576, registration address 21, Heath Drive, Romford, England, RM2 5QH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33% Reducing Balance
2.

Average number of employees

Average number of employees = 1
Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 July 2022 1,289    1,289 
Additions  
Disposals  
At 30 June 2023 1,289    1,289 
Depreciation
At 01 July 2022 980    980 
Charge for year 94    94 
On disposals  
At 30 June 2023 1,074    1,074 
Net book values
Closing balance as at 30 June 2023 215    215 
Opening balance as at 01 July 2022 309    309 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 79,242   
Provision for Doubtful Debts (31,535)  
Accrued Income 2,500   
Corporation Tax 1,384    1,384 
51,591    1,384 

4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 16,265    16,265 
16,265    16,265 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 8,895    495 
Accrued Expenses 27,780    3,450 
Wages & Salaries Control Account 300   
Directors' Current Accounts 20,833   
VAT 11,807   
69,615    3,945 

6.

Share Capital

Authorised
5 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
5 Class A shares of £1.00 each  
 

3