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REGISTERED NUMBER: 03519270 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Millar Europe Ltd

Millar Europe Ltd (Registered number: 03519270)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millar Europe Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K J Mills
Mrs G Mills
C Mills





SECRETARY: Mrs G Mills





REGISTERED OFFICE: Cockerills Cottage
Anchor Lane
Abbess Roding
Ongar
Essex
CM5 0JR





REGISTERED NUMBER: 03519270 (England and Wales)





ACCOUNTANTS: Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD

Millar Europe Ltd (Registered number: 03519270)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,332 33,254

CURRENT ASSETS
Debtors 5 17,304 7,710
Cash at bank and in hand 364 1,541
17,668 9,251
CREDITORS
Amounts falling due within one year 6 28,193 24,147
NET CURRENT LIABILITIES (10,525 ) (14,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,807

18,358

CREDITORS
Amounts falling due after more than one
year

7

9,500

15,500
NET ASSETS 8,307 2,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,207 2,758
SHAREHOLDERS' FUNDS 8,307 2,858

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

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

Millar Europe Ltd (Registered number: 03519270)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




K J Mills - Director



Mrs G Mills - Director


Millar Europe Ltd (Registered number: 03519270)

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

1. STATUTORY INFORMATION

Millar Europe 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.

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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 5% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Millar Europe Ltd (Registered number: 03519270)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 93,198
DEPRECIATION
At 1 January 2023 59,944
Charge for year 4,922
At 31 December 2023 64,866
NET BOOK VALUE
At 31 December 2023 28,332
At 31 December 2022 33,254

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 36,770
DEPRECIATION
At 1 January 2023 21,904
Charge for year 3,716
At 31 December 2023 25,620
NET BOOK VALUE
At 31 December 2023 11,150
At 31 December 2022 14,866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,304 7,710

Millar Europe Ltd (Registered number: 03519270)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,217 9,827
Hire purchase contracts - 7,058
Trade creditors 1,157 1,199
Taxation and social security 15,264 5,743
Other creditors 555 320
28,193 24,147

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 9,500 15,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 5,217 3,827

The bank overdraft is secured with Mr Ken Mills as the guarantor.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C Mills.