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REGISTERED NUMBER: 04232041 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Millaward Limited

Millaward Limited (Registered number: 04232041)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Millaward Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr. S. Wright
Mrs. T. A. Wright





SECRETARY: Mrs. T. A. Wright





REGISTERED OFFICE: 39 Park Street
Market Bosworth
Nuneaton
Warwickshire
CV13 0LL





REGISTERED NUMBER: 04232041 (England and Wales)





ACCOUNTANTS: Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Millaward Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Millaward Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Millaward Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Millaward Limited and state those matters that we have agreed to state to the Board of Directors of Millaward Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Millaward Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Millaward Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Millaward Limited. You consider that Millaward Limited 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 financial statements of Millaward Limited. 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 financial statements.






Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF


19 March 2024

Millaward Limited (Registered number: 04232041)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 382,626 383,610

CREDITORS
Amounts falling due within one year 5 12,871 17,143
NET CURRENT LIABILITIES (12,871 ) (17,143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,755

366,467

CREDITORS
Amounts falling due after more than one year 6 408,541 408,541
NET LIABILITIES (38,786 ) (42,074 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 (38,788 ) (42,076 )
SHAREHOLDERS' FUNDS (38,786 ) (42,074 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Millaward Limited (Registered number: 04232041)

Balance Sheet - continued
30 June 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 19 March 2024 and were signed on its behalf by:





Mr. S. Wright - Director


Millaward Limited (Registered number: 04232041)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Millaward 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Millaward Limited (Registered number: 04232041)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022
and 30 June 2023 379,673 348 225
DEPRECIATION
At 1 July 2022 - 348 225
Charge for year - - -
At 30 June 2023 - 348 225
NET BOOK VALUE
At 30 June 2023 379,673 - -
At 30 June 2022 379,673 - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 5,250 1,537 387,033
DEPRECIATION
At 1 July 2022 1,313 1,537 3,423
Charge for year 984 - 984
At 30 June 2023 2,297 1,537 4,407
NET BOOK VALUE
At 30 June 2023 2,953 - 382,626
At 30 June 2022 3,937 - 383,610

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Directors' current accounts 12,086 16,381
Accrued expenses 785 762
12,871 17,143

Millaward Limited (Registered number: 04232041)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans more 5 yr by instal 408,541 408,541

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 408,541 408,541

7. RESERVES
Retained
earnings
£   

At 1 July 2022 (42,076 )
Profit for the year 3,288
At 30 June 2023 (38,788 )

8. RELATED PARTY DISCLOSURES

Mr. S. Wright and his wife Mrs. T. Wright are both directors and shareholders of the company.