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REGISTERED NUMBER: 07800134 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Millstream Productions Ltd

Millstream Productions Ltd (Registered number: 07800134)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Millstream Productions Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: B I Cloud





REGISTERED OFFICE: 24 Queen Street
Emsworth
Hampshire
PO10 7BL





REGISTERED NUMBER: 07800134 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

Millstream Productions Ltd (Registered number: 07800134)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,461 7,038
Tangible assets 5 76,882 74,900
78,343 81,938

CURRENT ASSETS
Debtors 6 76,916 80,940
Cash at bank 292,611 249,695
369,527 330,635
CREDITORS
Amounts falling due within one year 7 (73,272 ) (89,547 )
NET CURRENT ASSETS 296,255 241,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,598

323,026

PROVISIONS FOR LIABILITIES (18,083 ) (18,626 )
NET ASSETS 356,515 304,400

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 356,415 304,300
SHAREHOLDERS' FUNDS 356,515 304,400

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 director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





B I Cloud - Director


Millstream Productions Ltd (Registered number: 07800134)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Millstream Productions Ltd 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 financial statements relate to Millstream Productions Limited as an individual entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer Equipment is being amortised evenly over its estimated useful life of five years.

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 etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 9 ) .

Millstream Productions Ltd (Registered number: 07800134)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 16,984
AMORTISATION
At 1 November 2022 9,946
Charge for year 5,577
At 31 October 2023 15,523
NET BOOK VALUE
At 31 October 2023 1,461
At 31 October 2022 7,038

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 181,574
Additions 28,415
At 31 October 2023 209,989
DEPRECIATION
At 1 November 2022 106,674
Charge for year 26,433
At 31 October 2023 133,107
NET BOOK VALUE
At 31 October 2023 76,882
At 31 October 2022 74,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 70,163 70,238
Amounts owed by participating interests 1,270 1,200
Other debtors 5,483 9,502
76,916 80,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 3,124 8,467
Taxation and social security 65,127 75,770
Other creditors 5,021 5,310
73,272 89,547

Millstream Productions Ltd (Registered number: 07800134)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 18,000 18,000
Between one and five years 16,500 34,500
34,500 52,500