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REGISTERED NUMBER: 11658247 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MILTON CABLE MANAGEMENT SYSTEMS LIMITED

MILTON CABLE MANAGEMENT SYSTEMS LIMITED (REGISTERED NUMBER: 11658247)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILTON CABLE MANAGEMENT SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr S Hudson-Smith



REGISTERED OFFICE: Milton Court
East Portway Business Park
Andover
SP10 3LU



REGISTERED NUMBER: 11658247 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Christopher Joyce FCCA



AUDITORS: Hysons Audit Services Ltd, Statutory Auditor
14 London Street
Andover
Hampshire
SP10 2PA

MILTON CABLE MANAGEMENT SYSTEMS LIMITED (REGISTERED NUMBER: 11658247)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 181,330

CURRENT ASSETS
Debtors 6 18,722 149,702
Cash at bank 2,564 49,292
21,286 198,994
CREDITORS
Amounts falling due within one year 7 54,836 277,026
NET CURRENT LIABILITIES (33,550 ) (78,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,550

)

103,298

CREDITORS
Amounts falling due after more than
one year

8

-

131,975
NET LIABILITIES (33,550 ) (28,677 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (34,550 ) (29,677 )
(33,550 ) (28,677 )

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 director and authorised for issue on 26 September 2024 and were signed by:





Mr S Hudson-Smith - Director


MILTON CABLE MANAGEMENT SYSTEMS LIMITED (REGISTERED NUMBER: 11658247)

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

1. STATUTORY INFORMATION

Milton Cable Management Systems 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. This basis may not be appropriate as, at the year end, the company had net liabilities of £33,550. The company's future existence is dependant upon the continued support of the group companies.

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.
Plant and machinery - 25% on cost

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.


MILTON CABLE MANAGEMENT SYSTEMS LIMITED (REGISTERED NUMBER: 11658247)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 189,210
Disposals (189,210 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 7,880
Eliminated on disposal (7,880 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 181,330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,847 76,601
Other debtors 1,000 63,098
VAT 11,815 10,003
Prepayments 1,060 -
18,722 149,702

MILTON CABLE MANAGEMENT SYSTEMS LIMITED (REGISTERED NUMBER: 11658247)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 25,138
Trade creditors 3,132 16,132
Amounts owed to group undertakings 46,240 231,482
Accruals and deferred income 5,464 4,274
54,836 277,026

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 131,975

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Joyce FCCA (Senior Statutory Auditor)
for and on behalf of Hysons Audit Services Ltd, Statutory Auditor