2022-11-01 NI070847 2023-10-31 NI070847 2022-11-01 2023-10-31 NI070847 2022-10-31 NI070847 2021-11-01 2022-10-31 NI070847 uk-core:WithinOneYear 2022-10-31 NI070847 uk-core:WithinOneYear 2023-10-31 NI070847 uk-core:AfterOneYear 2022-10-31 NI070847 uk-core:AfterOneYear 2023-10-31 NI070847 uk-core:ShareCapital 2023-10-31 NI070847 uk-core:ShareCapital 2022-10-31 NI070847 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI070847 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI070847 uk-bus:Director1 2022-11-01 2023-10-31 NI070847 uk-core:Buildings 2022-11-01 2023-10-31 NI070847 uk-core:PlantMachinery 2022-11-01 2023-10-31 NI070847 uk-core:MotorVehicles 2022-11-01 2023-10-31 NI070847 uk-core:MotorVehicles 2022-10-31 NI070847 uk-core:PlantMachinery 2022-10-31 NI070847 uk-core:Buildings 2022-10-31 NI070847 uk-core:Buildings 2023-10-31 NI070847 uk-core:PlantMachinery 2023-10-31 NI070847 uk-core:MotorVehicles 2023-10-31 NI070847 uk-core:WithinOneYear 2023-10-31 NI070847 uk-core:WithinOneYear 2022-10-31 NI070847 uk-core:AfterOneYear uk-core:Secured 2023-10-31 NI070847 uk-core:AfterOneYear uk-core:Secured 2022-10-31 iso4217:GBP xbrli:pure NI070847 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI070847 uk-bus:FRS102 2022-11-01 2023-10-31 NI070847 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 NI070847 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Millview Fuels Freight Ltd
Registered Number:NI070847
For the year ended 31 October 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 October 2023
Millview Fuels Freight Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI070847
As at 31 October 2023
Millview Fuels Freight Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
712,560
511,824
2
712,560
511,824
Current assets
Inventories
50,106
74,354
3
Trade and other receivables
325,866
502,646
4
507,479
Cash and cash equivalents
111,803
688,803
883,451
Trade and other payables: amounts falling due within one
year
(324,115)
(203,291)
5
559,336
485,512
Net current assets
Total assets less current liabilities
1,198,072
1,071,160
Trade and other payables: amounts falling due after more
than one year
(167,292)
(48,408)
6
(96,221)
(57,438)
Provisions for liabilities
1,053,443
Net assets
846,430
Capital and reserves
Called up share capital
1
1
Retained earnings
1,053,442
846,429
1,053,443
846,430
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Maurice Gass Director
These financial statements were approved and authorised for issue by the Board on 11 April 2024 and were signed by:
1 of 5
4
Registered Number :
NI070847
For the year ended 31 October 2023
Millview Fuels Freight Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 October 2023
Millview Fuels Freight Ltd
Notes to the Financial Statements
Statutory Information
Millview Fuels Freight Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI070847.
Registered address:
7A Killycarn Road
Loughgilly
County Armagh
BT60 2DG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Land and Buildings
0%
Plant and Machinery
15% Reducing balance
15% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
3 of 5
6
For the year ended 31 October 2023
Millview Fuels Freight Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 November 2022
580,442
60,000
367,325
153,117
299,363
-
299,363
-
Additions
-
(38,346)
-
Disposals
(38,346)
At 31 October 2023
153,117
628,342
60,000
841,459
Provision for depreciation and impairment
At 01 November 2022
68,618
750
67,868
-
Charge for year
69,361
8,888
60,473
-
(9,080)
-
(9,080)
-
On disposal
At 31 October 2023
128,899
9,638
119,261
-
At 31 October 2023
Net book value
153,117
509,081
50,362
712,560
At 31 October 2022
153,117
299,457
59,250
511,824
3. Inventories
2022
2023
£
£
Stocks
74,354
50,106
4. Trade and other receivables
2022
2023
£
£
Trade debtors
490,902
298,365
Other debtors
11,744
27,501
325,866
502,646
4 of 5
7
For the year ended 31 October 2023
Millview Fuels Freight Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
105,882
91,885
Taxation and social security
11,298
87,121
Other creditors
76,111
135,109
203,291
324,115
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
16,733
26,473
Other creditors
31,675
140,819
48,408
167,292
7. Average number of persons employed
During the year the average number of employees was 16 (2022 : 13)
5 of 5