Company Registration No. 11717244 (England and Wales)
THE MILNER METHOD LTD
Unaudited accounts
for the year ended 31 December 2023
THE MILNER METHOD LTD
Unaudited accounts
Contents
THE MILNER METHOD LTD
Company Information
for the year ended 31 December 2023
Company Number
11717244 (England and Wales)
Registered Office
4 Sussex Street
Sussex Street
Doncaster
DN4 8JF
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
THE MILNER METHOD LTD
Accountants' report
Accountants' report to the director of THE MILNER METHOD LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
THE MILNER METHOD LTD for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of THE MILNER METHOD LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of THE MILNER METHOD LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE MILNER METHOD LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE MILNER METHOD LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THE MILNER METHOD LTD. You consider that THE MILNER METHOD LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of THE MILNER METHOD LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
10 April 2024
THE MILNER METHOD LTD
Statement of financial position
as at 31 December 2023
Tangible assets
5,894
3,313
Cash at bank and in hand
236
2
Creditors: amounts falling due within one year
(8,430)
(9,529)
Net current liabilities
(8,194)
(2,931)
Net (liabilities)/assets
(2,300)
382
Called up share capital
1
1
Profit and loss account
(2,301)
381
Shareholders' funds
(2,300)
382
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2024 and were signed on its behalf by
A. M. Milner
Director
Company Registration No. 11717244
THE MILNER METHOD LTD
Notes to the Accounts
for the year ended 31 December 2023
THE MILNER METHOD LTD is a private company, limited by shares, registered in England and Wales, registration number 11717244. The registered office is 4 Sussex Street, Sussex Street, Doncaster, DN4 8JF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33.33% straight-line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
5,450
319
5,769
At 31 December 2023
9,444
654
10,098
At 1 January 2023
2,300
156
2,456
Charge for the year
1,570
178
1,748
At 31 December 2023
3,870
334
4,204
At 31 December 2023
5,574
320
5,894
At 31 December 2022
3,150
163
3,313
Amounts falling due within one year
THE MILNER METHOD LTD
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
900
3,198
Taxes and social security
7,375
6,331
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
6,596
(14,003)
(10,898)
3,491
6,596
(14,003)
(10,898)
3,491
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).