Registered number
05151401
Millennium Training Limited
Filleted Accounts
30 June 2023
Millennium Training Limited
Registered number: 05151401
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 931 -
Creditors: amounts falling due within one year 4 (25,143) (26,255)
Net current liabilities (24,212) (26,255)
Net liabilities (24,212) (26,255)
Capital and reserves
Called up share capital 100 100
Profit and loss account (24,312) (26,355)
Shareholder's funds (24,212) (26,255)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Patricia Sheppard
Director
Approved by the board on 19 March 2024
Millennium Training Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 3,809
At 30 June 2023 3,809
Depreciation
At 1 July 2022 3,809
At 30 June 2023 3,809
Net book value
At 30 June 2023 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,617 1,851
Trade creditors 100 95
Taxation and social security costs (113) (287)
Other creditors 20,539 24,596
25,143 26,255
5 Other information
Millennium Training Limited is a private company limited by shares and incorporated in Cymru / Wales. Its registered office is:
10 Y Sgwar
Heol yr Orsaf
Dinas Powys
Cymru / Wales
CF64 4YR
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