15 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 68,036 63,770 853 64,623 3,413 4,266 xbrli:pure xbrli:shares iso4217:GBP 03719083 2022-08-01 2023-07-31 03719083 2023-07-31 03719083 2022-07-31 03719083 2021-08-01 2022-07-31 03719083 2022-07-31 03719083 core:FurnitureFittings 2022-08-01 2023-07-31 03719083 bus:Director2 2022-08-01 2023-07-31 03719083 core:FurnitureFittings 2022-07-31 03719083 core:FurnitureFittings 2023-07-31 03719083 core:WithinOneYear 2023-07-31 03719083 core:WithinOneYear 2022-07-31 03719083 core:ShareCapital 2023-07-31 03719083 core:ShareCapital 2022-07-31 03719083 core:RetainedEarningsAccumulatedLosses 2023-07-31 03719083 core:RetainedEarningsAccumulatedLosses 2022-07-31 03719083 core:FurnitureFittings 2022-07-31 03719083 bus:SmallEntities 2022-08-01 2023-07-31 03719083 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03719083 bus:FullAccounts 2022-08-01 2023-07-31 03719083 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03719083 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 03719083
Millbrook Management Services Limited
Filleted Unaudited Financial Statements
31 July 2023
Millbrook Management Services Limited
Financial Statements
Year ended 31 July 2023
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
Millbrook Management Services Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,413
4,266
Current assets
Debtors
6
27,582
45,346
Cash at bank and in hand
23,406
113,151
--------
---------
50,988
158,497
Creditors: amounts falling due within one year
7
26,927
17,451
--------
---------
Net current assets
24,061
141,046
--------
---------
Total assets less current liabilities
27,474
145,312
Provisions
Taxation including deferred tax
648
810
--------
---------
Net assets
26,826
144,502
--------
---------
Capital and reserves
Called up share capital
70
70
Profit and loss account
26,756
144,432
--------
---------
Shareholders funds
26,826
144,502
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Millbrook Management Services Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
C R Elliott
Director
Company registration number: 03719083
Millbrook Management Services Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 High Road, Long Eaton, Nottingham, NG10 1LL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2022: 16 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 August 2022 and 31 July 2023
68,036
68,036
--------
--------
Depreciation
At 1 August 2022
63,770
63,770
Charge for the year
853
853
--------
--------
At 31 July 2023
64,623
64,623
--------
--------
Carrying amount
At 31 July 2023
3,413
3,413
--------
--------
At 31 July 2022
4,266
4,266
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
200
3,900
Other debtors
27,382
41,446
--------
--------
27,582
45,346
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
19,100
8,035
Social security and other taxes
6,274
7,791
Other creditors
1,553
1,625
--------
--------
26,927
17,451
--------
--------