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REGISTERED NUMBER: 05886785 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MATTHEW J MILLICAN LIMITED

MATTHEW J MILLICAN LIMITED (REGISTERED NUMBER: 05886785)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATTHEW J MILLICAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M J Millican





SECRETARY: H L Millican





REGISTERED OFFICE: 41 Woodthorpe Park Drive
Sandal
Wakefield
West Yorkshire
WF2 6SU





REGISTERED NUMBER: 05886785 (England and Wales)





ACCOUNTANTS: Reed Smith Associates Limited
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP

MATTHEW J MILLICAN LIMITED (REGISTERED NUMBER: 05886785)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 130,085 93,386
Investments 6 450,000 300,000
580,085 393,386

CURRENT ASSETS
Inventories 3,618 3,746
Debtors 7 202,220 200,225
Cash at bank and in hand 176,726 186,857
382,564 390,828
CREDITORS
Amounts falling due within one year 8 131,167 115,657
NET CURRENT ASSETS 251,397 275,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

831,482

668,557

PROVISIONS FOR LIABILITIES 29,282 19,900
NET ASSETS 802,200 648,657

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 802,050 648,507
SHAREHOLDERS' FUNDS 802,200 648,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

MATTHEW J MILLICAN LIMITED (REGISTERED NUMBER: 05886785)

BALANCE SHEET - continued
30 APRIL 2024


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:





M J Millican - Director


MATTHEW J MILLICAN LIMITED (REGISTERED NUMBER: 05886785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Matthew J Millican 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MATTHEW J MILLICAN LIMITED (REGISTERED NUMBER: 05886785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 90,000
AMORTISATION
At 1 May 2023
and 30 April 2024 90,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 40,000 164,052 15,600 219,652
Additions - 7,667 62,124 69,791
At 30 April 2024 40,000 171,719 77,724 289,443
DEPRECIATION
At 1 May 2023 40,000 81,391 4,875 126,266
Charge for year - 21,351 11,741 33,092
At 30 April 2024 40,000 102,742 16,616 159,358
NET BOOK VALUE
At 30 April 2024 - 68,977 61,108 130,085
At 30 April 2023 - 82,661 10,725 93,386

MATTHEW J MILLICAN LIMITED (REGISTERED NUMBER: 05886785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 300,000
Additions 150,000
At 30 April 2024 450,000
NET BOOK VALUE
At 30 April 2024 450,000
At 30 April 2023 300,000

The market value of listed investments at the year end was £449,820 (2023: £299,932).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 22,921 24,188
Other debtors 179,299 176,037
202,220 200,225

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 34,255 30,064
Taxation and social security 89,774 76,102
Other creditors 7,138 9,491
131,167 115,657

9. ULTIMATE CONTROLLING PARTY

The controlling party is Matthew James Millican.