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Company Registration No. 09969213 (England and Wales)
Milvum Engineering Services Ltd Unaudited accounts for the year ended 31 January 2024
Milvum Engineering Services Ltd Unaudited accounts Contents
Page
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Milvum Engineering Services Ltd Company Information for the year ended 31 January 2024
Director
Graham Kite
Company Number
09969213 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
Redwood Accountants 26 Martingale Grove Arborfield Green Reading Berkshire RG2 9HD
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Milvum Engineering Services Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,906 
8,072 
Current assets
Debtors
33,798 
31,824 
Cash at bank and in hand
15,011 
28,901 
48,809 
60,725 
Creditors: amounts falling due within one year
(32,405)
(33,167)
Net current assets
16,404 
27,558 
Total assets less current liabilities
24,310 
35,630 
Creditors: amounts falling due after more than one year
(24,167)
(34,167)
Net assets
143 
1,463 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43 
1,363 
Shareholders' funds
143 
1,463 
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 October 2024 and were signed on its behalf by
Graham Kite Director Company Registration No. 09969213
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Milvum Engineering Services Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Milvum Engineering Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09969213. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
7,743 
13,994 
21,737 
Additions
2,095 
- 
2,095 
At 31 January 2024
9,838 
13,994 
23,832 
Depreciation
At 1 February 2023
4,257 
9,408 
13,665 
Charge for the year
1,344 
917 
2,261 
At 31 January 2024
5,601 
10,325 
15,926 
Net book value
At 31 January 2024
4,237 
3,669 
7,906 
At 31 January 2023
3,486 
4,586 
8,072 
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Milvum Engineering Services Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,798 
25,824 
Accrued income and prepayments
6,000 
6,000 
33,798 
31,824 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,710 
7,502 
Trade creditors
15,526 
8,192 
Taxes and social security
9,043 
16,488 
Loans from directors
(534)
355 
Accruals
660 
630 
32,405 
33,167 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,167 
34,167 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Graham Kite
Directors Loan
(355)
14,892 
14,003 
534 
(355)
14,892 
14,003 
534 
Loans are provided interest free with no set repayment terms. Loan was repaid in full on 31 March 2024.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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