2023-02-012024-01-312024-01-31false03704189MILLETRADE LTD2024-07-2343342iso4217:GBPxbrli:pure037041892023-02-01037041892024-01-31037041892023-02-012024-01-31037041892022-02-01037041892023-01-31037041892022-02-012023-01-3103704189bus:SmallEntities2023-02-012024-01-3103704189bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3103704189bus:FullAccounts2023-02-012024-01-3103704189bus:PrivateLimitedCompanyLtd2023-02-012024-01-3103704189core:WithinOneYear2024-01-3103704189core:AfterOneYear2024-01-3103704189core:WithinOneYear2023-01-3103704189core:AfterOneYear2023-01-3103704189core:ShareCapital2024-01-3103704189core:SharePremium2024-01-3103704189core:RevaluationReserve2024-01-3103704189core:OtherReservesSubtotal2024-01-3103704189core:RetainedEarningsAccumulatedLosses2024-01-3103704189core:ShareCapital2023-01-3103704189core:SharePremium2023-01-3103704189core:RevaluationReserve2023-01-3103704189core:OtherReservesSubtotal2023-01-3103704189core:RetainedEarningsAccumulatedLosses2023-01-3103704189core:LandBuildings2024-01-3103704189core:PlantMachinery2024-01-3103704189core:Vehicles2024-01-3103704189core:FurnitureFittings2024-01-3103704189core:OfficeEquipment2024-01-3103704189core:NetGoodwill2024-01-3103704189core:IntangibleAssetsOtherThanGoodwill2024-01-3103704189core:ListedExchangeTraded2024-01-3103704189core:UnlistedNon-exchangeTraded2024-01-3103704189core:LandBuildings2023-01-3103704189core:PlantMachinery2023-01-3103704189core:Vehicles2023-01-3103704189core:FurnitureFittings2023-01-3103704189core:OfficeEquipment2023-01-3103704189core:NetGoodwill2023-01-3103704189core:IntangibleAssetsOtherThanGoodwill2023-01-3103704189core:ListedExchangeTraded2023-01-3103704189core:UnlistedNon-exchangeTraded2023-01-3103704189core:LandBuildings2023-02-012024-01-3103704189core:PlantMachinery2023-02-012024-01-3103704189core:Vehicles2023-02-012024-01-3103704189core:FurnitureFittings2023-02-012024-01-3103704189core:OfficeEquipment2023-02-012024-01-3103704189core:NetGoodwill2023-02-012024-01-3103704189core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3103704189core:ListedExchangeTraded2023-02-012024-01-3103704189core:UnlistedNon-exchangeTraded2023-02-012024-01-3103704189core:MoreThanFiveYears2023-02-012024-01-3103704189core:Non-currentFinancialInstruments2024-01-3103704189core:Non-currentFinancialInstruments2023-01-3103704189dpl:CostSales2023-02-012024-01-3103704189dpl:DistributionCosts2023-02-012024-01-3103704189core:LandBuildings2023-02-012024-01-3103704189core:PlantMachinery2023-02-012024-01-3103704189core:Vehicles2023-02-012024-01-3103704189core:FurnitureFittings2023-02-012024-01-3103704189core:OfficeEquipment2023-02-012024-01-3103704189dpl:AdministrativeExpenses2023-02-012024-01-3103704189core:NetGoodwill2023-02-012024-01-3103704189core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3103704189dpl:GroupUndertakings2023-02-012024-01-3103704189dpl:ParticipatingInterests2023-02-012024-01-3103704189dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3103704189core:ListedExchangeTraded2023-02-012024-01-3103704189dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3103704189core:UnlistedNon-exchangeTraded2023-02-012024-01-3103704189dpl:CostSales2022-02-012023-01-3103704189dpl:DistributionCosts2022-02-012023-01-3103704189core:LandBuildings2022-02-012023-01-3103704189core:PlantMachinery2022-02-012023-01-3103704189core:Vehicles2022-02-012023-01-3103704189core:FurnitureFittings2022-02-012023-01-3103704189core:OfficeEquipment2022-02-012023-01-3103704189dpl:AdministrativeExpenses2022-02-012023-01-3103704189core:NetGoodwill2022-02-012023-01-3103704189core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3103704189dpl:GroupUndertakings2022-02-012023-01-3103704189dpl:ParticipatingInterests2022-02-012023-01-3103704189dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3103704189core:ListedExchangeTraded2022-02-012023-01-3103704189dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3103704189core:UnlistedNon-exchangeTraded2022-02-012023-01-3103704189core:NetGoodwill2024-01-3103704189core:IntangibleAssetsOtherThanGoodwill2024-01-3103704189core:LandBuildings2024-01-3103704189core:PlantMachinery2024-01-3103704189core:Vehicles2024-01-3103704189core:FurnitureFittings2024-01-3103704189core:OfficeEquipment2024-01-3103704189core:AfterOneYear2024-01-3103704189core:WithinOneYear2024-01-3103704189core:ListedExchangeTraded2024-01-3103704189core:UnlistedNon-exchangeTraded2024-01-3103704189core:ShareCapital2024-01-3103704189core:SharePremium2024-01-3103704189core:RevaluationReserve2024-01-3103704189core:OtherReservesSubtotal2024-01-3103704189core:RetainedEarningsAccumulatedLosses2024-01-3103704189core:NetGoodwill2023-01-3103704189core:IntangibleAssetsOtherThanGoodwill2023-01-3103704189core:LandBuildings2023-01-3103704189core:PlantMachinery2023-01-3103704189core:Vehicles2023-01-3103704189core:FurnitureFittings2023-01-3103704189core:OfficeEquipment2023-01-3103704189core:AfterOneYear2023-01-3103704189core:WithinOneYear2023-01-3103704189core:ListedExc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MILLETRADE LTD

Registered Number
03704189
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MILLETRADE LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

HOARE, Gary Steven

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

03704189 (England and Wales)
MILLETRADE LTD
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets321,83813,117
21,83813,117
Current assets
Debtors4168,126215,197
168,126215,197
Creditors amounts falling due within one year5(153,480)(173,538)
Net current assets (liabilities)14,64641,659
Total assets less current liabilities36,48454,776
Creditors amounts falling due after one year6(29,630)(35,185)
Provisions for liabilities7(4,804)(2,492)
Net assets2,05017,099
Capital and reserves
Called up share capital22
Profit and loss account2,04817,097
Shareholders' funds2,05017,099
The financial statements were approved and authorised for issue by the Director on 23 July 2024, and are signed on its behalf by:
HOARE, Gary Steven
Director
Registered Company No. 03704189
MILLETRADE LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 February 2342,8702,04844,918
Additions16,000-16,000
At 31 January 2458,8702,04860,918
Depreciation and impairment
At 01 February 2330,98281931,801
Charge for year6,9723077,279
At 31 January 2437,9541,12639,080
Net book value
At 31 January 2420,91692221,838
At 31 January 2311,8881,22913,117
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables126,694121,524
Other debtors41,43293,673
Total168,126215,197
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables95,089131,899
Bank borrowings and overdrafts20,45914,470
Taxation and social security31,58415,685
Other creditors4,64210,151
Accrued liabilities and deferred income1,7061,333
Total153,480173,538
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts29,63035,185
Total29,63035,185
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,8042,492
Total4,8042,492
8.Further information regarding the company's financial position
The following secured debts are included within Creditors: Bank Overdraft £14,903 (2024), £8,914 (2023) The company's liabilities to Barclays Bank are secured by way of fixed and floating charges on the company's assets.