REGISTERED NUMBER: |
Financial Statements |
for the Period 16 February 2023 to 29 February 2024 |
for |
Milliner Financial Services Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Period 16 February 2023 to 29 February 2024 |
for |
Milliner Financial Services Limited |
Milliner Financial Services Limited (Registered number: 14668652) |
Contents of the Financial Statements |
for the Period 16 February 2023 to 29 February 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Milliner Financial Services Limited |
Company Information |
for the Period 16 February 2023 to 29 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Overhangs |
55a Peach Street |
Wokingham |
Berkshire |
RG40 1XP |
Milliner Financial Services Limited (Registered number: 14668652) |
Statement of Financial Position |
29 February 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Milliner Financial Services Limited (Registered number: 14668652) |
Notes to the Financial Statements |
for the Period 16 February 2023 to 29 February 2024 |
1. | STATUTORY INFORMATION |
Milliner Financial Services Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Computer equipment - 3 year straight line |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
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 period was |
Milliner Financial Services Limited (Registered number: 14668652) |
Notes to the Financial Statements - continued |
for the Period 16 February 2023 to 29 February 2024 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 29 February 2024 |
DEPRECIATION |
Charge for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
8. | RELATED PARTY DISCLOSURES |
During the period the directors maintained a loan account with the company. At the period end the company owed the directors £38,400. This loan is interest free, repayable on demand and shown within other creditors. |
During the period, Milliner Financial Services Limited had transactions with Hat and Home Limited, a connected company. |
The companies are connected through the significant interest of the directors. |
Transactions with the connected company during the period totalled: |
Cross charged expenses- £4,810 |
Milliner Financial Services Limited owed Hat and Home Limited £4,810 at the period end. This is shown within other creditors. |
All transactions between the two companies were valued at an appropriate market rate and not inflated. |
9. | GOING CONCERN |
At the balance sheet date the company had a deficit of £36,023. The directors are of the opinion that the shareholders will continue to support it for the foreseeable future, this being at least twelve months from the date that the balance sheet is signed. |