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Registered number: 06947874

Millennium Wealth Management Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Millennium Wealth Management Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Neil Baker
REGISTERED OFFICE
72 Moorland Road
Burslem
Stoke-on-Trent
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06947874
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Millennium Wealth Management Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Millennium Wealth Management Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets310,11513,854
Investment Assets42,449830
12,56414,684
CURRENT ASSETS
Debtors544,65762,457
Cash at bank and in hand1,93913
46,59662,470
CREDITORS: Amounts falling due within one year620,51134,967
NET CURRENT ASSETS26,08527,503
TOTAL ASSETS LESS CURRENT LIABILITIES38,64942,187
CREDITORS: Amounts falling due after more than one year735,55137,963
NET ASSETS3,0984,224
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account3,0964,222
SHAREHOLDERS' FUNDS3,0984,224
For the year ending 30/06/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/03/2024 and signed on their behalf by
Neil Baker
Director

Millennium Wealth Management Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Fixtures and Fittingsreducing balance 20%
Equipmentstraight line 25%
Motor Carsstraight line 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1f. Turnover
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts.
2. EMPLOYEES
20232022
No.No.
Average number of employees66

Millennium Wealth Management Ltd

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/07/202267910,2439,34720,90041,169
Additions-189114-303
At 30/06/202367910,4329,46120,90041,472
Depreciation
At 01/07/20226095,8156,78614,10527,315
For the year701,1421,1311,6994,042
At 30/06/20236796,9577,91715,80431,357
Net Book Amounts
At 30/06/2023-3,4751,5445,09610,115
At 30/06/2022704,4282,5616,79513,854
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/2022830830
Additions1,6191,619
At 30/06/20232,4492,449
Amortisation
Net Book Amounts
At 30/06/20232,4492,449
At 30/06/2022830830
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors2,9623,516
Other debtors2,5502,550
Prepayments2992,922
Accrued income9,30524,501
Directors current account29,54128,968
44,65762,457

Millennium Wealth Management Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax13,32620,591
PAYE control420412
Salaries and wages control7971,654
Bank loans and overdrafts-1,062
Bank Loan5,55611,042
Trade creditors412206
20,51134,967
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr35,55137,963
35,55137,963
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22