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REGISTERED NUMBER: 04153844 (England and Wales)
























Audited Financial Statements

for the Year Ended 31 December 2023

for

THE MILLBRIDGE GROUP LTD.

THE MILLBRIDGE GROUP LTD. (REGISTERED NUMBER: 04153844)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE MILLBRIDGE GROUP LTD.

Company Information
for the year ended 31 December 2023







DIRECTORS: G A Clarke
D Longstaff
T Scott
Ms D L Amies


SECRETARY: Ms D L Amies


REGISTERED OFFICE: 16 Watermark Way
Foxholes Business Park
Hertford
Hertfordshire
SG13 7TZ


REGISTERED NUMBER: 04153844 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Christopher James Whale


AUDITORS: Trevor Jones & Partners Ltd
Statutory Auditor
Unit 14, Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ


BANKERS: Coutts & Co.
440 The Strand,
London
WC2R 0QS

THE MILLBRIDGE GROUP LTD. (REGISTERED NUMBER: 04153844)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,032 6,725
Investments 5 290 290
4,322 7,015

CURRENT ASSETS
Debtors 6 360,949 359,393
Cash at bank and in hand 309,841 294,441
670,790 653,834
CREDITORS
Amounts falling due within one year 7 221,050 226,211
NET CURRENT ASSETS 449,740 427,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,062

434,638

CREDITORS
Amounts falling due after more than one
year

8

46,667

66,667
NET ASSETS 407,395 367,971

CAPITAL AND RESERVES
Called up share capital 58,824 58,824
Retained earnings 348,571 309,147
SHAREHOLDERS' FUNDS 407,395 367,971

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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:




G A Clarke - Director



Ms D L Amies - Director


THE MILLBRIDGE GROUP LTD. (REGISTERED NUMBER: 04153844)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

The Millbridge Group Ltd. is a private company , 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.

Preparation of consolidated financial statements
The financial statements contain information about The Millbridge Group Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Millbridge Holdings Group Limited, .

Turnover
Turnover represents management charges to subsidiary companies and net invoiced amounts for services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Foreign currencies
Transactions in foreign currencies are translated at the exchange rate ruling at the date of transaction. Monetary assets and liabilities are translated at the rates of exchange ruling at the balance sheet date. All exchange differences are dealt with through the profit and loss.

THE MILLBRIDGE GROUP LTD. (REGISTERED NUMBER: 04153844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 38,905 178,577 217,482
DEPRECIATION
At 1 January 2023 38,765 171,992 210,757
Charge for year 140 2,553 2,693
At 31 December 2023 38,905 174,545 213,450
NET BOOK VALUE
At 31 December 2023 - 4,032 4,032
At 31 December 2022 140 6,585 6,725

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 290
NET BOOK VALUE
At 31 December 2023 290
At 31 December 2022 290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 302,880 276,423
Other debtors 58,069 82,970
360,949 359,393

THE MILLBRIDGE GROUP LTD. (REGISTERED NUMBER: 04153844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 16,667 16,667
Trade creditors 28,655 37,625
Taxation and social security 140,971 115,290
Other creditors 34,757 56,629
221,050 226,211

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 46,667 66,667

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,667 16,667

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,000 20,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 26,667 46,667

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Christopher James Whale (Senior Statutory Auditor)
for and on behalf of Trevor Jones & Partners Ltd

11. CONTINGENT LIABILITIES

The company has provided a mortgage debenture dated 28 May 2002 to Coutts & Company which covers fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

12. OTHER FINANCIAL COMMITMENTS

The company had the following lease commitments with the noted expiry dates and amounts due:-

Expiry date - April 2024 Total amount due - £39,113

Expiry date - March 2027 Total amount due - £213,000

THE MILLBRIDGE GROUP LTD. (REGISTERED NUMBER: 04153844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

13. PARENT COMPANY

The company is covered by the exemption from disclosure in paragraph 33.1A of FRS 102 not to disclose inter-group transaction and balances on the grounds that the details are included in publicly available consolidated accounts which can be obtained at Companies House.

Millbridge Holdings Group Limited is the parent company

14. ULTIMATE CONTROLLING PARTY

The controlling party is G A Clarke.