1 February 2023 false No description of principal activity Taxfiler 2024.5 12416058business:PrivateLimitedCompanyLtd2023-02-012024-01-31 124160582023-01-31 124160582023-02-012024-01-31 12416058business:AuditExemptWithAccountantsReport2023-02-012024-01-31 12416058business:FilletedAccounts2023-02-012024-01-31 124160582024-01-31 12416058business:Director12023-02-012024-01-31 12416058business:RegisteredOffice2023-02-012024-01-31 124160582023-01-31 12416058core:WithinOneYear2024-01-31 12416058core:WithinOneYear2023-01-31 12416058core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 12416058core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 12416058core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 12416058core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 12416058core:PreviouslyStatedAmount2024-01-31 12416058core:PreviouslyStatedAmount2023-01-31 12416058business:SmallEntities2023-02-012024-01-31 12416058countries:EnglandWales2023-02-012024-01-31 12416058core:FurnitureFittings2023-02-012024-01-31 12416058core:ComputerEquipment2023-02-012024-01-31 12416058core:FurnitureFittings2023-01-31 12416058core:ComputerEquipment2023-01-31 12416058core:FurnitureFittings2024-01-31 12416058core:ComputerEquipment2024-01-31 124160582022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12416058 (England and Wales)
MILLENNIALS TRIBE LTD Unaudited accounts for the year ended 31 January 2024
MILLENNIALS TRIBE LTD Unaudited accounts Contents
Page
- 2 -
MILLENNIALS TRIBE LTD Company Information for the year ended 31 January 2024
Director
IBRAR UL HASSAN SYED
Company Number
12416058 (England and Wales)
Registered Office
Pyramid House 70 Abel Street Burnley Lancashire BB10 1QU United Kingdom
Accountants
SAGHIR AHMAD & COMPANY, INTERNATIONAL ACCOUNTANTS First Floor, Suite 2, The Point 173 - 175 Cheetham Hill MANCHESTER M8 8LG
- 3 -
MILLENNIALS TRIBE LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
872 
1,120 
Current assets
Cash at bank and in hand
- 
2 
Creditors: amounts falling due within one year
(1,559)
(2,791)
Net current liabilities
(1,559)
(2,789)
Net liabilities
(687)
(1,669)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(688)
(1,670)
Shareholders' funds
(687)
(1,669)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2024 and were signed on its behalf by
IBRAR UL HASSAN SYED Director Company Registration No. 12416058
- 4 -
MILLENNIALS TRIBE LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
MILLENNIALS TRIBE LTD is a private company, limited by shares, registered in England and Wales, registration number 12416058. The registered office is Pyramid House, 70 Abel Street, Burnley, Lancashire, BB10 1QU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum reducing balannce
Computer equipment
20% per annum reducing balannce
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
MILLENNIALS TRIBE LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
625 
850 
1,475 
At 31 January 2024
625 
850 
1,475 
Depreciation
At 1 February 2023
145 
210 
355 
Charge for the year
120 
128 
248 
At 31 January 2024
265 
338 
603 
Net book value
At 31 January 2024
360 
512 
872 
At 31 January 2023
480 
640 
1,120 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
1,254 
2,186 
Accruals
305 
605 
1,559 
2,791 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -