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REGISTERED NUMBER: 11965966 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MILFORD KITCHENS LIMITED

MILFORD KITCHENS LIMITED (REGISTERED NUMBER: 11965966)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILFORD KITCHENS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: D J Allerton
Mrs C L Allerton





SECRETARY: Mrs C L Allerton





REGISTERED OFFICE: Home Farm
Main Road
Milford
Staffordshire
ST17 0UW





REGISTERED NUMBER: 11965966 (England and Wales)

MILFORD KITCHENS LIMITED (REGISTERED NUMBER: 11965966)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,400 4,800
Tangible assets 5 25,316 30,876
27,716 35,676

CURRENT ASSETS
Stocks 9,500 12,000
Debtors 6 7,812 2,178
Cash at bank and in hand 32,662 34,441
49,974 48,619
CREDITORS
Amounts falling due within one year 7 72,818 74,089
NET CURRENT LIABILITIES (22,844 ) (25,470 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,872 10,206

PROVISIONS FOR LIABILITIES 4,810 5,866
NET ASSETS 62 4,340

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 52 4,330
SHAREHOLDERS' FUNDS 62 4,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MILFORD KITCHENS LIMITED (REGISTERED NUMBER: 11965966)

BALANCE SHEET - continued
30 September 2023


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 6 January 2024 and were signed on its behalf by:





D J Allerton - Director


MILFORD KITCHENS LIMITED (REGISTERED NUMBER: 11965966)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Milford Kitchens Limited is a private company, limited by shares , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

MILFORD KITCHENS LIMITED (REGISTERED NUMBER: 11965966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 12,000
AMORTISATION
At 1 October 2022 7,200
Charge for year 2,400
At 30 September 2023 9,600
NET BOOK VALUE
At 30 September 2023 2,400
At 30 September 2022 4,800

5. TANGIBLE FIXED ASSETS
Showroom
display Plant and Motor Computer
stock machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 40,141 1,091 5,300 1,506 48,038
Additions 879 - - - 879
At 30 September 2023 41,020 1,091 5,300 1,506 48,917
DEPRECIATION
At 1 October 2022 12,114 562 3,064 1,422 17,162
Charge for year 5,663 133 559 84 6,439
At 30 September 2023 17,777 695 3,623 1,506 23,601
NET BOOK VALUE
At 30 September 2023 23,243 396 1,677 - 25,316
At 30 September 2022 28,027 529 2,236 84 30,876

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,000 1,000
Other debtors 1,812 1,178
7,812 2,178

MILFORD KITCHENS LIMITED (REGISTERED NUMBER: 11965966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,503 6,432
Taxation and social security 7,183 6,467
Other creditors 64,132 61,190
72,818 74,089