MILLGATE ASSOCIATES LIMITED

Company Registration Number:
07582565 (England and Wales)

Unaudited abridged accounts for the year ended 30 March 2023

Period of accounts

Start date: 01 April 2022

End date: 30 March 2023

MILLGATE ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 30 March 2023

Balance sheet
Notes

MILLGATE ASSOCIATES LIMITED

Balance sheet

As at 30 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 368,038 374,250
Total fixed assets: 368,038 374,250
Current assets
Debtors: 4 122,157 88,675
Cash at bank and in hand: 635,540 399,608
Total current assets: 757,697 488,283
Creditors: amounts falling due within one year:   (150,220) (42,332)
Net current assets (liabilities): 607,477 445,951
Total assets less current liabilities: 975,515 820,201
Creditors: amounts falling due after more than one year:   (846,203) (841,109)
Total net assets (liabilities): 129,312 (20,908)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 129,311 (20,909)
Shareholders funds: 129,312 (20,908)

The notes form part of these financial statements

MILLGATE ASSOCIATES LIMITED

Balance sheet statements

For the year ending 30 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2024
and signed on behalf of the board by:

Name: Vishal Basir
Status: Director

The notes form part of these financial statements

MILLGATE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life:Fixtures & Fittings - 10% on costTools & Equipment - 20% on cost

MILLGATE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

2. Employees

2023 2022
Average number of employees during the period 9 8

MILLGATE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 548,743
Additions 63,044
At 30 March 2023 611,787
Depreciation
At 01 April 2022 174,493
Charge for year 69,256
At 30 March 2023 243,749
Net book value
At 30 March 2023 368,038
At 31 March 2022 374,250

MILLGATE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 100,000 0