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REGISTERED NUMBER: 03580674 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MILLENNIUM IMAGES LIMITED

MILLENNIUM IMAGES LIMITED (REGISTERED NUMBER: 03580674)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLENNIUM IMAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: V J Shenai
N O'Leary
T J Hole



SECRETARY: A C Shenai



REGISTERED OFFICE: Unit K Relliance Wharf
Hertford Road
London
N1 5EW



REGISTERED NUMBER: 03580674 (England and Wales)



ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG



BANKERS: The Cooperative Bank PLC
Kings Valley
Yew Street
Stockport
Cheshire
SK4 2JU

MILLENNIUM IMAGES LIMITED (REGISTERED NUMBER: 03580674)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 322 429

CURRENT ASSETS
Debtors 5 31,143 37,645
Cash at bank and in hand 65,597 65,255
96,740 102,900
CREDITORS
Amounts falling due within one year 6 70,403 74,592
NET CURRENT ASSETS 26,337 28,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,659

28,737

CAPITAL AND RESERVES
Called up share capital 141 141
Share premium 7 23,481 23,481
Retained earnings 7 3,037 5,115
SHAREHOLDERS' FUNDS 26,659 28,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MILLENNIUM IMAGES LIMITED (REGISTERED NUMBER: 03580674)

BALANCE SHEET - continued
31 OCTOBER 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 26 July 2024 and were signed on its behalf by:





V J Shenai - Director


MILLENNIUM IMAGES LIMITED (REGISTERED NUMBER: 03580674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Millennium Images 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis which is dependant upon continued support from the directors. The directors have validated to support the working capital requirements of the company for the foreseeable future.

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.
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.

MILLENNIUM IMAGES LIMITED (REGISTERED NUMBER: 03580674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,218 21,085 22,303
DEPRECIATION
At 1 November 2022 1,166 20,708 21,874
Charge for year 13 94 107
At 31 October 2023 1,179 20,802 21,981
NET BOOK VALUE
At 31 October 2023 39 283 322
At 31 October 2022 52 377 429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,591 35,093
Other debtors 2,552 2,552
31,143 37,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,685 27
Tax - 1,978
Social security and other taxes 1,670 1,669
VAT 5,016 5,882
Wages control 3,357 1,651
Directors' loan accounts 32,175 38,910
Accrued expenses 24,500 24,475
70,403 74,592

MILLENNIUM IMAGES LIMITED (REGISTERED NUMBER: 03580674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2022 5,115 23,481 28,596
Deficit for the year (2,078 ) (2,078 )
At 31 October 2023 3,037 23,481 26,518

8. CONTROL

The director, V J Shenai, controls the company by virtue of holding 75% of the issued share capital.